Interactive Brokers Group, Inc. Class A (IBKR.US) founder: Predicting that the market has enormous growth potential.
12/11/2024
GMT Eight
After Interactive Brokers Group, Inc. Class A (IBKR.US) succeeded in the U.S. presidential election, the company's founder Thomas Peterffy stated that the prediction market has "tremendous" growth potential. It is reported that Interactive Brokers Group, Inc. Class A launched a prediction service last month before the U.S. presidential election, offering "prediction contracts" along with other companies to provide answers on specific political outcomes. The company stated that since its launch, as of noon on November 6th, the total trading volume of presidential election contracts for their prediction market product named ForecastEx exceeded $560 million.
Thomas Peterffy said, "We must take a realistic and rational approach to these issues, and the way to do that is to get people involved in these markets and tell us their thoughts."
Before November 5th, many prediction websites closely watched the possibility of Trump winning the presidential election, despite their predictions conflicting with the results of many polls. Thomas Peterffy stated that understanding the "consensus views" of the public on existing issues helps in making future decisions. He said, "This is a better way to manage the world than our current way of trying to guess."