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How young traders are getting rich betting on things like Rotten Tomatoes scores and the pope - MarketWatch

1. Kalshi sees $10 million wagers on various outcomes like elections. 2. Interactive Brokers' ForecastEx allows trading on prediction markets. 3. Traders are developing complex strategies, akin to traditional markets. 4. Market-making on Kalshi offers low-barrier entry for new traders. 5. Increased liquidity may impact arbitrage opportunities in prediction markets.

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FAQ

Why Bullish?

The growth of prediction markets shows increased engagement, which benefits IBKR's trading platform. Historical examples like the rise of options trading indicate revenue potential.

How important is it?

The article highlights a new market trend that could attract more users to IBKR's platforms, signaling growth potential.

Why Long Term?

As prediction markets mature, they could enhance IBKR's offerings and trading volumes, echoing the development of derivative markets.

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