ForecastEx LLC Launches Contracts on U.S. Election Outcomes

Group 1 - ForecastEx LLC has launched Forecast Contracts that allow trading on predictions of political outcomes related to the 2024 elections, enabling customers to hedge against uncertainty or profit from political insights [1][2] - The available election events for trading include predictions on Kamala Harris and Donald Trump winning the presidential election, as well as the Democratic Party's chances of winning majorities in both the Senate and House of Representatives [1] - Contract prices range from $0.02 to $0.99, indicating the market's consensus on the likelihood of each outcome, with a price of $0.35 reflecting a 35% probability [1] Group 2 - The payment obligation for each Forecast Contract is fully secured by cash, and 100% of the income earned is distributed monthly to Members as an Incentive Coupon based on their positions [2] - ForecastEx plans to introduce contracts for individual candidates in state elections soon, with a complete list of available contracts accessible on their website [2] - ForecastEx is a subsidiary of Interactive Brokers Group, Inc, which includes other subsidiaries like Interactive Brokers LLC and IB Global Investments LLC, with IB LLC approved to offer Forecast Contracts to its customers [3]