tastytrade — the Chicago-based brokerage owned by IG Group and known for its options-focused platform — launched CFTC-regulated event contracts on July 27, 2026. It is the first brokerage to go live on Apex Fintech Solutions's turnkey FCM infrastructure, establishing a new distribution lane for regulated prediction market trading.
The catalog covers financial and economic events only — Fed decisions, CPI prints, VIX, major crypto, commodities. No sports. The design deliberately sidesteps the state-level litigation that has targeted sports contracts at other platforms, and positions tastytrade's event contracts as instruments for the traders who already follow the catalysts they now let you bet on directly.
The mechanics are simpler than most derivatives. You take a yes/no position on whether a specific event outcome will happen, with each contract priced between $0 and $1.
Example: Trading a Fed decision
You believe the FOMC will hold rates at the next meeting. You buy 100 YES contracts at $0.55 each — total outlay: $55. Two outcomes:
Contract range
$0 – $1.00
Price = market's implied probability
Settlement
$1.00 YES / $0 NO
Binary, at expiration
Timeframes
Hourly – Yearly
Trade the specific release or hold longer
Source: tastytrade Prediction Markets help page — contract mechanics example from tastytrade.com/prediction-markets/
tastytrade's catalog is built around market-moving events its existing customer base already monitors. Every category is a catalyst that options and futures traders track; event contracts give you a defined-risk way to trade the event directly, not just the market reaction.
Why no sports?
Sports event contracts are the primary flashpoint in the federal-state legal battle over prediction markets. More than 17 states have filed lawsuits or issued enforcement actions specifically targeting sports contracts. By launching without sports, tastytrade avoids the litigation risk and stays in territory where the CFTC's jurisdiction over financial event contracts is substantially less contested. Interactive Brokers has operated on the same model through ForecastEx for years without the legal crossfire that has followed other platforms into state capitals.
tastytrade is the first brokerage to go live on Apex Fintech Solutions's new turnkey FCM infrastructure — a detail that matters far beyond the tastytrade launch itself.
An FCM (futures commission merchant) is the regulated intermediary between a retail trader and a CFTC-licensed exchange. FCMs custody customer funds, manage collateral, handle margin requirements, and serve compliance functions that smaller brokerages cannot build from scratch. For a brokerage that wants to offer CFTC-regulated event contracts without building its own exchange or clearinghouse, an FCM relationship is the critical missing piece.
"Apex's turnkey FCM infrastructure helps firms like tastytrade offer prediction markets and get to market faster without building FCM technology or connecting to exchanges from scratch."
— Travis McGhee, Global Head of Digital Markets, Apex Fintech Solutions (BusinessWire, July 27, 2026)
Because Apex already provides clearing and operational infrastructure to hundreds of retail brokerages, the tastytrade launch functions as a proof of concept. If the model works at scale, dozens of other brokerages can add CFTC-regulated event contracts without the multi-year regulatory buildout required to become a Designated Contract Market.
The prediction market space now has three distinct distribution models. tastytrade occupies the brokerage-native lane — distinct from dedicated exchanges (Kalshi, Polymarket) and from brokerages that white-label a dedicated exchange (Robinhood, Coinbase via Kalshi).
| Platform | Infrastructure | Sports | Catalog focus |
|---|---|---|---|
| Kalshi | Own DCM/DCO | Yes | Broad: financial, political, sports |
| Polymarket US (QCX LLC) | Own DCM | Yes | Broad: financial, political, sports |
| tastytrade | Apex Fintech FCM | No | Financial & macro only |
| Interactive Brokers (ForecastEx) | Own DCM/DCO (ForecastEx) + CME | No | Econ, climate, financial, political |
| Robinhood / Coinbase / moomoo | Kalshi white-label | Yes | Kalshi catalog (incl. sports) |
Key distinction: Robinhood and Coinbase route event contracts through Kalshi's exchange and order books. tastytrade, through Apex's FCM infrastructure, operates under a different clearing structure — which is why its catalog differs from Kalshi's.
| Feature | tastytrade | Kalshi | Interactive Brokers |
|---|---|---|---|
| Platform type | Brokerage with PM tab | Dedicated exchange | Brokerage with PM tab |
| Infrastructure | Apex Fintech FCM | Kalshi own DCM | ForecastEx DCM + CME |
| Sports contracts | No | Yes | No |
| Financial event contracts | Yes | Yes | Yes |
| Contract settlement | $1.00 per contract | $1.00 per contract | $1.00 (ForecastEx) / $100 (CME) |
| Existing account needed | tastytrade account | Kalshi-only | Full IBKR account |
| State litigation risk | Low (no sports) | High (sports-related) | Low (no sports) |
| Target audience | Active options/futures traders | Broad retail + institutional | Institutional & experienced retail |
Prediction markets on tastytrade are available to existing account holders. If you already have a tastytrade brokerage account, event contracts should appear in your trading interface under the Prediction Markets section. No separate account or separate funding is required.
Risk disclosure
Trading prediction markets is highly speculative and not suitable for all investors. You may lose 100% of your invested capital on any single contract. Read the risk disclosures at tastytrade.com/disclosures/ before trading.
Good fit if you…
Look elsewhere if you…
Interactive Brokers ForecastEx
The other brokerage-native, no-sports option
Platform Architecture Map
How Apex, Kalshi, CME, and CFTC licenses fit together
State Regulations Tracker
State-by-state legality for prediction markets
How Prediction Markets Work
Event contracts, settlement, and probability pricing
Kalshi Review
The dedicated exchange alternative
Prediction Markets for Beginners
New to event contracts? Start here