Tastytrade Launches Prediction Markets for Active Traders
Tastytrade has launched Prediction Markets, a new trading platform that allows customers to bet on specific events and outcomes. Powered by Apex Fintech Solutions, the platform offers defined-risk trades that settle alongside stocks, options, and futures.
Prediction Markets is integrated into the tastytrade platform and allows customers to trade event contracts in a segregated account alongside their existing positions. The platform resolves to a straightforward yes-or-no outcome, with pricing reflecting real-time probabilities.
The initial catalog of contracts includes major equity indices, Treasury yields, VIX, US dollar, Fed, ECB, BoE, and BoJ rate decisions, headline inflation, jobs, and growth prints, as well as leading cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP. Contracts trade across timeframes from hourly to yearly.
'Customer demand for simple, directional trades is accelerating,' said Pete Mulmat, Head of Brokerage at tastytrade/IGNA. 'We built Prediction Markets for the way active traders already think.'