Do I need special permission to trade these contracts?

Yes. To trade Short-Term or Volatile Event Contracts, you need both:…

What is an event contract?

An event contract is a standardized, exchange-listed contract that lets you take a Yes/No position on the outcome of a specific, measurable event. For example, you can trade on whether a particular asset's price will be above a certain level at a set time. Each contract settles at a fixed value if the event happens ("Yes") and at zero if it does not ("No"). You can trade event contracts on Interactive Brokers through the Prediction Markets platform…

How does an event contract pay out?

Each contract is binary. It settles at its full contract value if the event resolves "Yes" and at zero if it resolves "No." Prices trade between those two endpoints (commonly quoted from about $0.01 up to $0.99 per contract), so the price at any moment reflects the market's estimate of how likely the event is to occur. A contract trading at $0.60, for example, implies roughly a 60% market-implied probability of a "Yes" outcome…

Are these contracts available on weekends and holidays?

Crypto-based markets trade 24/7, so short-duration crypto contracts can be listed and settled around the clock, including weekends and holidays. Liquidity is often thinner outside of regular market hours. Availability for a specific contract is always shown on Prediction Markets…