Core Points - A federal appeals court is fast-tracking the Commodity Futures Trading Commission's (CFTC) case against Kalshi regarding the legality of offering U.S. political election contracts [1][2] - Kalshi and Interactive Brokers are currently offering various political contracts, including bets on the U.S. presidential election and congressional races [1] - The CFTC has expressed concerns that election contracts could be manipulated and may undermine public trust in election integrity [2][3] Legal Proceedings - The CFTC has a tight schedule for legal briefs, with the CFTC required to file by Wednesday and Kalshi to respond by November 15 [1][2] - Oral arguments are expected to be scheduled shortly after the briefs are filed, which is unusual for federal appeals [2] - The CFTC previously lost a lawsuit attempting to block Kalshi from offering congressional control contracts but quickly appealed the ruling [3] Market Activity - Kalshi has resumed offering contracts related to congressional control and the presidential election, with over $7 million booked in contracts for the presidential election outcome as of Monday [4]

Interactive Brokers Group, Inc. (IBKR) is set to report tthird-quarter 2024 results on Oct. 15, after market close. Its earnings and revenues are expected to have improved year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, Interactive Brokers surpassed the Zacks Consensus Estimate. Results benefited from higher total GAAP net revenues, growth in customer accounts and an increase in daily average revenue trades (DARTs). IBKR has a decent ea ...

Analysts on Wall Street project that Interactive Brokers Group, Inc. (IBKR) will announce quarterly earnings of $1.78 per share in its forthcoming report, representing an increase of 14.8% year over year. Revenues are projected to reach $1.32 billion, increasing 15.4% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial e ...

In the latest market close, Interactive Brokers Group, Inc. (IBKR) reached $147.59, with a -0.66% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The the stock of company has risen by 19.6% in the past month, leading the Finance sector's loss of 4.16% and the S&P 500's gain of 5.41%.The investment community will be closely monitoring the performance of Interactive Brokers Group, ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Interactive Brokers Group, Inc. (IBKR) . This company, which is in the Zacks Financial - Investment Bank industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the p ...

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CHICAGO, Oct. 3, 2024 /PRNewswire/ -- ForecastEx LLC ("ForecastEx"), a CFTC registered Designated Contract Market ("DCM") and Derivative Clearing Organization ("DCO"), today announced the launch of Forecast Contracts on upcoming election results. These contracts allow customers of ForecastEx Members to trade their predictions on political outcomes, to either hedge against election related uncertainty, or profit from political insight. The election events available for pairing starting at 7:15 AM CT tomorrow ...

Interactive Brokers Group, Inc. (IBKR) has released the Electronic Brokerage segment’s performance metrics for September 2024. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs).IBKR’s September Performance BreakdownTotal client DARTs in September were 2,634,000, which increased 46.5% from September 2023 but fell 2.9% from the last month.On an annualized basis, the Cleared Average ...

Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "E-Brokerage Market Overview, 2024-2029" report has been added to ResearchAndMarkets.com's offering. The global e-brokerage market is undergoing a major transformation, with projected growth expected to reach USD 21 Billion by 2029, demonstrating a compound annual growth rate (CAGR) of 11.9% from 2024 to 2029. Technological advancements such as blockchain, big data analytics, artificial intelligence (AI), and machine learning (ML) are revolutionizing e-brokera ...

Interactive Brokers Group (IBKR) stock has been rallying since the Federal Reserve announced a jumbo 50 basis point cut in interest rates on Sept. 18. During yesterday’s trading session, the company’s shares hit an all-time high of $136.56 and closed a tad lower at $136.11, skyrocketing 64.2% year to date.This impressive rise has significantly outpaced the 17% rally of the industry it belongs to and the 19.9% growth of the Zacks S&P 500 composite.When compared with its close peers in the brokerage space, IB ...