
IBKR's Election Betting Market Analysis is a unique feature that allows traders to bet on the outcome of US presidential elections. This feature is available through Interactive Brokers, a brokerage firm that offers a range of trading tools and services.
Interactive Brokers is a well-established online brokerage firm that has been in business since 1978. It offers a wide range of trading products and services, including stocks, options, futures, and forex.
IBKR's Election Betting Market Analysis uses a proprietary model to analyze the probability of different election outcomes, providing traders with valuable insights to inform their betting decisions. This model takes into account a range of factors, including polling data, economic indicators, and historical trends.
Interactive Brokers offers a range of trading tools and services, including a trading platform, research reports, and customer support.
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Betting Odds Analysis
Republicans secured control of the Senate in Tuesday's election.
The Election Betting Odds tool, which compiles odds from multiple sites, favors Republicans by a 74% to 27% margin to keep control of the House.
As of 12:50 a.m. EST, control of the House was still up for grabs.
The odds suggest a strong likelihood of Republicans retaining their grip on the House.
Related reading: Options House Broker
Interactive Brokers Update
Interactive Brokers will launch US election betting next week, marking a significant move in the market.
IB will open betting from Monday, September 16.
This is a big deal because IB has around 3 million customers, making it a substantial player in the market.
Bets will be available on both Trump and Harris, as well as swing-state Senate races.
Here is a list of the types of bets that will be available:
- Bets on Trump or Harris
- Bets on swing-state Senate races
Launch Details
Interactive Brokers is launching US election betting next week, which is a big deal because they have around 3 million customers.
They'll be opening betting from Monday, September 16.
You'll be able to place bets on either Trump or Harris, and also on swing-state Senate races.
Next Week Launch
Interactive Brokers is gearing up for a major update next week, which promises to bring significant improvements to their platform. This update is set to roll out on Wednesday, March 15th.
The new features will include a revamped user interface, designed to make it easier for traders to navigate the platform. This is a much-needed upgrade, as the current interface can be overwhelming for some users.
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One of the most exciting changes is the introduction of a new mobile app, which will allow traders to access their accounts and make trades on the go. This is a game-changer for busy traders who need to stay on top of their investments.
The update will also include improved performance and speed, making it easier for traders to execute trades and access their accounts. This is especially important for traders who rely on the platform for their livelihood.
The new update will be available to all Interactive Brokers users, regardless of their level of experience or account type. This is a great opportunity for new traders to get familiar with the platform and for experienced traders to take advantage of the new features.
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Sources
- https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets
- https://www.forbes.com/sites/dereksaul/2024/11/06/election-betting-odds-trump-hits-99-on-polymarket-kalshi-as-more-election-results-come-in/
- https://www.forexlive.com/news/interactive-brokers-will-launch-us-election-betting-next-week-20240912/
- https://nypost.com/2024/10/28/business/robinhood-taps-into-election-betting-market-with-harris-and-trump-contracts/
- https://www.deseret.com/politics/2024/11/04/us-presidential-election-betting-event-contracts-kalshi-robinhood/
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