tastytrade has launched Prediction Markets, allowing customers to trade CFTC-regulated event contracts directly through its brokerage platform. The contracts cover macroeconomic events, central bank decisions, market indicators, commodities and cryptocurrencies.
The launch comes as retail brokerages continue expanding into prediction markets. Robinhood, moomoo and other platforms have recently introduced or expanded similar offerings tied to economic events and real-world outcomes.
Platform Adds Around-the-Clock Event Trading
Powered by Apex Fintech Solutions, the service is available 24/7. The companies said tastytrade is the first brokerage to use Apex's turnkey futures commission merchant infrastructure.
- Weekly Roundup: BitMEX to Shut Down; BDSwiss' Possible Exit
- Prop Firms Gain Independent Certification and Dispute Resolution Through The Financial Commission
- Alpaca Opens Access to German Stocks as Xetra Goes Live for Broker Partners
Prediction Markets is integrated into the existing platform, enabling customers to trade event contracts in a segregated account alongside stocks, options and futures. Contracts settle to a yes-or-no outcome, with prices reflecting the market's implied probability of an event.
Pete Mulmat, Head of Brokerage at tastytrade/IGNA, said the company focused on "the catalysts our customers already trade: the Fed, the inflation print, the VIX, crude, crypto." He added that traders can "trade the event, not the reaction," with "defined risk," "a clear payoff," and "24/7 access including the evenings and weekends when traditional markets are closed."
Offering Spans Equities, Crypto and Commodities
The initial offering includes contracts linked to equity indices, Treasury yields, the VIX, the U.S. dollar, interest rate decisions by the Federal Reserve, ECB, Bank of England and Bank of Japan, as well as economic indicators including CPI, PCE, nonfarm payrolls, GDP and ISM data.
It also covers cryptocurrencies such as Bitcoin, Ethereum, Solana and XRP, and commodities including crude oil, natural gas, gold, silver and copper. Contracts are available across timeframes from hourly to yearly.
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 get to market faster."
