IBKR focuses on utilities, not sports, in $63 billion prediction market boom; trades 286M contract pairs in Q4. Regulatory issues with sports platforms.
Interactive Brokers Group Inc. (IBKR) is focusing on utility contracts in the $63 billion prediction market, trading 286 million contract pairs in Q4, a significant increase from 15 million in Q3. In contrast, Robinhood Markets Inc. faces regulatory challenges with its sports contracts, deemed illegal gambling by a Massachusetts court. IBKR's CEO, Peterffy, highlighted their strategy to avoid sports betting and target institutional clients during the Q4 earnings call.
Unusual Whales·