CME Group and FanDuel to launch US prediction markets platform next month
The Block
CME Group and FanDuel will launch a US prediction markets platform called FanDuel Predicts in December.Summary
CME Group and FanDuel are launching a new standalone prediction markets platform in the U.S. in December called FanDuel Predicts. This platform will offer event contracts on sports, cryptocurrencies, oil, gas, stocks, and other benchmarks, notably targeting users in states where online sports betting is illegal. CME Group Chairman and CEO Terry Duffy stated the launch will significantly expand their distribution by connecting directly with FanDuel's millions of U.S. users. This move enters a rapidly emerging sector currently dominated by Kalshi and Polymarket, with other players like Gemini also vying for market share.
(Source：The Block)