Lumina Markets launches prediction market app for US traders
2 mins read
| The news: Lumina Markets has launched its web and mobile app for US customers, giving retail traders a regulated way into event contracts listed on ForecastEx, the CFTC-designated exchange affiliated with Interactive Brokers. The New York company is backed by Interactive Brokers Group founder Thomas Peterffy, who invested in a personal capacity, and is led by founder and CEO Zalan Gaal.
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| Zoom in: Contracts are simple Yes or No questions priced between $0 and $1, on topics like Federal Reserve rate decisions, US tariffs, control of Congress, daily temperatures in Los Angeles, and which AI lab delivers the leading model. Lumina doesn’t offer sports contracts and has no gamification mechanics. “The hard part is building something serious enough to be worth their time and simple enough that they do not have to be specialists, without it turning into a game along the way,” Gaal said in a press statement.
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| Why it matters: Sports contracts have been at the center of prediction markets’ legal fights with states this year, and Lumina is sitting them out entirely to pitch a calmer product to people with views on the economy, politics, and tech. As a CFTC-registered introducing broker, it doesn’t need its own exchange, and for ForecastEx it’s another route to retail traders. “A market works better the more people can participate in it,” Peterffy said.
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