tastytrade prediction markets launched on the broker’s platform, giving customers direct access to CFTC-regulated event contracts. The new service covers macro events, central bank decisions, market gauges, commodities, and cryptocurrencies. Additionally, customers can trade these contracts through the firm’s existing brokerage platform.
The company said Apex Fintech Solutions powers the service. It added that the market is open 24/7. The firms also said tastytrade is the first brokerage to use Apex’s turnkey futures commission merchant infrastructure.
tastytrade Prediction Markets Adds Event Contracts
tastytrade integrated the new product into its current platform. As a result, customers can trade event contracts in a segregated account beside stocks, options, and futures. Each contract settles to a yes-or-no result, while pricing shows the market’s implied probability for an event.
Pete Mulmat, Head of Brokerage at tastytrade/IGNA, said the firm built the offer around events its customers already follow. He cited the Fed, the inflation print, the VIX, crude, and crypto. He also said traders can trade the event rather than the reaction, with defined risk, a clear payoff, and 24/7 access.
Initial Range Covers Rates, Data, and Crypto
The first tastytrade prediction markets lineup includes contracts tied to equity indices, Treasury yields, the VIX, and the U.S. dollar. It also includes interest rate decisions by the Federal Reserve, ECB, Bank of England, and Bank of Japan. Meanwhile, the product covers economic data such as CPI, PCE, nonfarm payrolls, GDP, and ISM figures.
The offering also extends to Bitcoin, Ethereum, Solana, and XRP. In addition, it includes crude oil, natural gas, gold, silver, and copper. Contracts span timeframes from hourly to yearly.
The launch follows similar moves by Robinhood, moomoo, and other retail brokerages. Travis McGhee, Global Head of Digital Markets at Apex Fintech Solutions, said Apex’s turnkey FCM infrastructure helps firms like tastytrade offer prediction markets and reach the market faster.
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Source: Finance Magnates
