Possibly stimulated by the high growth of Kalshi, the predictive market ForecastEx under Interactive Brokers (IBKR) has also seen a gradual increase in trading volume over the past few months.

IBKR ForecastEx reached a trading volume of $199 million in December last year, and this month’s trading volume has also exceeded $100 million, but it still has a considerable gap from the election month in 2024.

Similarly, during the 2024 election month, the open interest peaked at over $300 million, even surpassing Polymarket and Kalshi at one point, but currently only about $4 million.

Since August 2024, IBKR ForecastEx has generated over $10 million in revenue, with a fee rate of approximately 1%, meaning nearly $3 million was earned in the past two months.

As a DCM market regulated by the CFTC, unlike Kalshi which dominates sports and retail, IBKR ForecastEx basically does not have sports event predictions, seemingly intentionally avoiding regulatory issues, and focuses more on economic, political, and institutional topics.

Shoutout to the GOAT @datadashboards