tastytrade Follows Robinhood, moomoo into CFTC Regulated Prediction Markets

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tastytrade haslaunched Prediction Markets, allowing customers to trade CFTC-regulated eventcontracts directly through its brokerage platform. The contracts covermacroeconomic events, central bank decisions, market indicators, commoditiesand cryptocurrencies.The launch comes asretail brokerages continue expanding into prediction markets. Robinhood,moomooand other platforms have recently introduced or expanded similar offeringstied to economic events and real-world outcomes.Platform Adds Around-the-Clock EventTradingPowered by ApexFintech Solutions, the service is available 24/7. The companies said tastytradeis the first brokerage to use Apex's turnkey futures commission merchantinfrastructure.Prediction Markets isintegrated into the existing platform, enabling customers to trade eventcontracts in a segregated account alongside stocks, options and futures.Contracts settle to a yes-or-no outcome, with prices reflecting the market'simplied probability of an event.Pete Mulmat, Head ofBrokerage at tastytrade/IGNA, said the company focused on "the catalystsour customers already trade: the Fed, the inflation print, the VIX, crude,crypto." He added that traders can "trade the event, not thereaction," with "defined risk," "a clear payoff," and"24/7 access including the evenings and weekends when traditional marketsare closed."Offering Spans Equities, Crypto andCommoditiesThe initial offeringincludes contracts linked to equity indices, Treasury yields, the VIX, the U.S.dollar, interest rate decisions by the Federal Reserve, ECB, Bank of Englandand Bank of Japan, as well as economic indicators including CPI, PCE, nonfarmpayrolls, GDP and ISM data.It also coverscryptocurrencies such as Bitcoin, Ethereum, Solana and XRP, and commoditiesincluding crude oil, natural gas, gold, silver and copper. Contracts areavailable across timeframes from hourly to yearly.Travis McGhee, GlobalHead of Digital Markets at Apex Fintech Solutions, said Apex's "turnkeyFCM infrastructure helps firms like tastytrade offer prediction markets and getto market faster."This article was written by Tareq Sikder at www.financemagnates.com.