FanDuel partners with CME Group for development of event-based contracts
Expected to launch in late 2025, the products will include benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies and key economic indicators.
Key Points
- According to the release, customers will have the opportunity to “express their views” multiple times a day on numerous markets with “yes” or “no” positions for as low as $1
- As part of the agreement, CME Group and FanDuel will form a new joint venture to operate a non-clearing FCM and offer access to event-based contracts through the sports betting operator
FanDuel has formed a new partnership with derivatives marketplace CME Group to begin the development of “fully funded, event-based contracts with defined risk,” where customers will have the opportunity to “express their views” multiple times a day on numerous markets with “yes” or “no” positions for as low as $1.
“Partnering with CME Group will unlock our ability to bring even more new and engaging products to FanDuel’s fast-growing customer base,” FanDuel Group CEO Amy Howe said.
“We believe there is potentially a wide audience for trading event-based markets and we want to provide a platform that allows our customers to engage in this activity. We are excited to be partnering with CME Group to design new and engaging products, combining innovation with best-in-class regulatory compliance and consumer protections.”
As part of the agreement, CME Group and FanDuel will form a new joint venture to operate a non-clearing futures commission merchant (FCM) and offer access to event-based contracts through the sports betting operator.
“Individual investors are increasingly sophisticated and continually pursuing new financial opportunities,” CME Group Chairman and CEO Terry Duffy said.
Good to know: FanDuel will officially begin offering mobile sports betting in Missouri through a new market access agreement with the St. Louis City SC professional soccer team, as the state prepares to open its sports betting market on December 1, 2025
“To meet this demand, we have created this innovative partnership, which will operate a non-clearing FCM. Together, our event-based products will appeal to the growing public interest in markets, and we will provide education to attract a new generation of potential traders not active in derivatives today.”
Expected to launch in late 2025, the products will include benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies and key economic indicators such as GDP and CPI.
Pending regulatory review from the Commodities Futures Trading Commission (CFTC), event contracts will then be listed on and “subject to the rules” of CME Group exchanges and available to consumers through all participating FCMs. At the time of writing, CME Group’s share price stands at $274.61 per share, while its market capitalisation is just under $99bn.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
