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FanDuel and CME Group Set Stage for Financial Event Trading

FanDuel has announced a joint venture with CME Group to create a regulated platform focused on prediction markets. Customers will be able to place “yes or no” wagers on financial and economic outcomes starting at just $1. Early markets will include indices such as the S&P 500 and Nasdaq-100, commodities like oil and gold, as […]

FanDuel has announced a joint venture with CME Group to create a regulated platform focused on prediction markets. Customers will be able to place “yes or no” wagers on financial and economic outcomes starting at just $1. Early markets will include indices such as the S&P 500 and Nasdaq-100, commodities like oil and gold, as well as cryptocurrencies and key economic indicators like GDP and inflation. Unlike traditional sportsbooks, these prediction markets are structured as tradable contracts, allowing users to manage risk throughout the day. By leveraging CME Group’s infrastructure and Flutter’s experience with Betfair, FanDuel positions itself as a leader in this emerging space. The initiative may also lay the groundwork for future sports-related event contracts pending regulatory clarity.

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