tastytrade launches Prediction Markets

Online brokerage tastytrade has launched Prediction Markets, a new 24/7 offering powered by Apex Fintech Solutions. The product lets customers turn a view on a number, decision, or result into a single, defined-risk trade that settles alongside existing stocks, options, and futures positions.

The offering is CFTC-regulated and fully integrated into the tastytrade platform, allowing customers to trade event contracts from a segregated account within a unified view. Contracts resolve to a yes-or-no outcome, with pricing reflecting real-time probabilities. tastytrade is the first brokerage to launch on Apex's turnkey FCM infrastructure, which is designed to help firms bring prediction markets to market without building FCM technology or connecting to exchanges from scratch.

The initial catalog covers catalysts active traders monitor, including major equity indices, Treasury yields, the VIX, and the U.S. dollar. It also includes rate decisions from the Fed, ECB, BoE, and BoJ, as well as key macro data prints such as CPI, PCE, nonfarm payrolls, GDP, and ISM. Crypto markets are represented with Bitcoin, Ethereum, Solana, and XRP, while energy and metals products include crude, natural gas, gold, silver, and copper.

Contracts are available across timeframes ranging from hourly to yearly, giving traders flexibility to take positions when they want. The product is designed for fast, catalyst-driven trading, rather than requiring traders to wait for news to be interpreted after an event.

"Customer demand for simple, directional trades is accelerating, and we built Prediction Markets for the way active traders already think. We focused it on the catalysts our customers already trade: the Fed, the inflation print, the VIX, crude, crypto," said Pete Mulmat, Head of Brokerage at tastytrade/IGNA. "If you have a view on the number, the decision, or the result, you trade the event, not the reaction, with defined risk, a clear payoff, no complex strategies, and 24/7 access including the evenings and weekends when traditional markets are closed."

Travis McGhee, Global Head of Digital Markets at Apex Fintech Solutions, noted that tastytrade has one of the most engaged and sophisticated trading communities, and that Apex's turnkey FCM infrastructure helped the broker bring prediction markets to its platform quickly. "We're proud to have tastytrade as the first firm live on Apex's FCM infrastructure," he said.