Interactive Brokers Strengthens ForecastEx Board with Appointment of Dr. Philip Tetlock, Enhancing Predictive Market Expertise
Interactive Brokers (Nasdaq: IBKR), a global leader in automated electronic brokerage, announced today the appointment of Dr. Philip Tetlock to the Board of Directors of ForecastEx, the company’s predictive market subsidiary. This strategic addition underscores ForecastEx’s commitment to delivering highly accurate, reliable forecasts in the innovation and prediction market sector, reinforcing its position as a trusted platform for individuals and organizations seeking to manage risk and make informed decisions about the future.
Dr. Tetlock, an internationally recognized authority in forecasting and decision-making under uncertainty, brings unparalleled expertise in probabilistic reasoning and predictive analysis. With a career devoted to studying the mechanics of forecasting and improving the accuracy of predictions, Dr. Tetlock is uniquely positioned to support ForecastEx’s mission of offering advanced forecast market solutions. His involvement will not only strengthen the company’s corporate governance and oversight practices but also enhance its focus on market integrity, risk management, and outcome achievement.
Thomas Peterffy, founder and chairman of Interactive Brokers, commented on the appointment:
We warmly welcome Dr. Philip Tetlock to the ForecastEx board. Prediction markets operate at the intersection of future uncertainty and probabilistic reasoning. Forecast contracts aggregate consensus probabilities, helping market participants—including businesses, governments, and individual investors—make informed decisions while managing portfolio and strategic risks. Dr. Tetlock’s deep understanding of forecasting and prediction markets will be invaluable as we continue to expand our platform and refine the tools available to traders around the world.”
ForecastEx specializes in forecast contract trading, allowing organizations and individuals to hedge, manage, or express opinions on risks associated with a variety of events and key benchmarks. These include macroeconomic performance, climate change, political outcomes, and other critical global developments. Through its innovative platform, participants can receive monthly returns on invested capital while engaging in sophisticated risk management strategies. By leveraging Dr. Tetlock’s expertise, ForecastEx aims to enhance the accuracy and effectiveness of its predictive models, ensuring that forecast markets remain impactful and relevant to traders worldwide.
Dr. Tetlock currently serves as the Leonore Annenberg Professor of Democracy and Citizenship at the University of Pennsylvania, where he teaches courses in psychology and management. In addition to his primary role, he holds adjunct positions at both the College of Arts and Sciences and the Wharton School of Business. Dr. Tetlock is a prolific author, whose influential works include Superforecasting: The Art and Science of Prediction, Unmaking the West: “What-If” Scenarios That Rewrite World History, Expert Political Judgment: How Good is it? How Can We Know?, and Counterfactual Thought Experiments in World Politics. His research has had a significant impact on both academic and practical approaches to understanding probability, uncertainty, and decision-making, making him an invaluable asset to ForecastEx.
ForecastEx is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) registered with the U.S. Commodity Futures Trading Commission (CFTC). As a wholly owned subsidiary of Interactive Brokers, it operates at the forefront of the emerging prediction market landscape, offering forecast contracts that facilitate active engagement in probabilistic trading. Eligible clients of Interactive Brokers across its global subsidiaries—including Interactive Brokers LLC, Interactive Brokers Canada Inc., Interactive Brokers Ireland Limited, Interactive Brokers Hong Kong Limited, and Interactive Brokers Singapore Pte. Ltd.—can access ForecastEx contracts, subject to product availability in their respective countries.
With Dr. Tetlock’s appointment, ForecastEx is poised to accelerate the development of innovative solutions that enhance participation in forecast markets and provide actionable insights for global traders. His addition marks a significant step forward in the company’s ongoing efforts to improve forecast accuracy, strengthen market integrity, and deliver substantial value to market participants navigating uncertain and rapidly evolving global conditions.
As businesses and investors continue to face increasingly complex challenges, ForecastEx, guided by Dr. Tetlock’s expertise, is set to play a crucial role in helping participants make better-informed decisions by trading probabilities of future events, ultimately shaping a more predictable and strategically informed market environment.
About Interactive Brokers Group, Inc.
Interactive Brokers Group, Inc. (NASDAQ: IBKR), a member of the S&P 500, provides 24/7 automated trade execution and custody services for securities, commodities, foreign exchange, and futures contracts in multiple currencies across more than 170 markets in multiple countries through its subsidiaries using a unified, one-stop platform. Our clients include individual investors, hedge funds, proprietary trading groups, financial advisors, and intermediary brokers. For the past four decades, we have focused on technology and automation, enabling us to provide our clients with a unique, cutting-edge platform to manage their portfolios. We strive to help our clients achieve superior investment returns by offering advantageous execution prices and trades, risk and portfolio management tools, research tools, and investment products at lower prices or free of charge. Interactive Brokers is a recognized top brokerage firm, having received numerous awards and accolades from authoritative industry media such as Barron’s, Investopedia, and Stockbrokers.com.
