Slay Markets, a futures introducing broker that was launched by prop firm Tradeify earlier this week, says it will be launching prediction markets for customers.
The company’s FAQ section notes that it will be adding all CME futures products. However, the company also says that prediction markets are “coming soon”.
Slay Markets is an introducing broker for futures broker NinjaTrader.
Currently, NinjaTrader only offers a very limited number of event contracts, which are based on a small number of financial markets, so it’s unclear what products Slay Markets will be able to offer clients.
Crypto exchange Kraken, which owns NinjaTrader, plans on launching its own prediction markets exchange in the future.
Will Tradeify also add prop prediction markets?
Another interesting question is whether the Tradeify brand will be used to offer prediction markets trading.
Two large prop firms – For Traders and Maven – have already launched a prop trading offering for prediction markets.
This product is useful outside of the US as it is a way for traders to get access to prediction markets, which are effectively banned under UK and European Union financial rules.
The impact for Tradeify may be less pronounced here. The company is US-based and appears to be mainly targeting the local market, where traders do not face the same regulatory block that they do elsewhere.
