CME to launch event contracts, challenging Kalshi and Polymarket

CME Group, a major derivatives exchange operator, is entering the prediction markets industry through a new partnership with FanDuel. This collaboration will allow CME to distribute new event-based financial contracts through FanDuel’s established platform, effectively bringing traditional financial exchange infrastructure to entertainment-driven betting markets. This strategic move intensifies competition with existing prediction market platforms like Kalshi and Polymarket. The entry occurs amid broader regulatory scrutiny where some regulators view these markets as potential illegal gambling, despite increasing interest from traditional investors.

(Source：Crypto Briefing)