"A new prediction markets startup with strong ties to billionaire Thomas Peterffy is hiring staff and preparing to launch, job postings and corporate filings reviewed by Business Inside show. Lumina Markets began advertising last week for roles in marketing and legal. Job listings say it's "backed by a billionaire pioneer of electronic trading," and note that it's preparing to launch a new prediction markets platform. The jobs were posted on LinkedIn by an employee at Interactive Brokers, the trading giant founded by Peterffy."
"Registration documents show that Lumina was incorporated by an in-house lawyer at Interactive Brokers; they list its CEO as another attorney who has worked with Interactive Brokers and Peterffy. Lumina would enter the white-hot world of prediction markets, where traders are wagering over $4 billion a week on the outcome of current events, according to data published by the platforms, with bets being placed on everything from the weather to who wins the Super Bowl."
"Kalshi, the US-based prediction market, has a valuation of $11 billion, while Polymarket was valued at roughly $9 billion during an October fundraise. Analysts at Citizens estimated the industry as a whole is bringing in roughly $2 billion a year in revenue, Bloomberg reported in December, with that amount expected to grow to as much as $10 billion over the next five years."
Lumina Markets is a new prediction markets startup tied to billionaire Thomas Peterffy and Interactive Brokers, sharing staff and an address with the trading firm. Job listings describe backing from a "billionaire pioneer of electronic trading" and advertise a "trillion-dollar opportunity." Registration documents show incorporation by an in-house Interactive Brokers lawyer and list a CEO who has previously worked with Interactive Brokers and Peterffy. Lumina is preparing to launch a prediction markets platform. ForecastEx, an exchange owned by Interactive Brokers, has struggled to compete with larger rivals such as Kalshi. The prediction markets industry handles over $4 billion in weekly wagers and contains multibillion-dollar valuations and revenue projections.
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