Flutter Entertainment's FanDuel and CME have partnered to offer new event-based trading contracts. This partnership combines Flutter's expertise in sports betting with CME's experience in financial markets, providing customers with innovative and flexible trading options. The partnership is expected to enhance the trading experience for customers and drive growth in the sports betting market.
Title: Flutter Entertainment's FanDuel Partners with CME Group to Offer Innovative Event-Based Trading Contracts
In a significant move to expand access to financial markets, Flutter Entertainment's FanDuel has partnered with CME Group to introduce new event-based trading contracts. This strategic alliance combines FanDuel's extensive customer base and expertise in sports betting with CME Group's experience in financial markets. The partnership is set to launch innovative, fully funded contracts that will enable customers to express their views on various markets with simple "yes" or "no" positions, starting as low as $1 per trade.
The new products, expected to debut later this year, will cover a range of benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators like GDP and CPI. Terry Duffy, Chairman and CEO of CME Group, emphasized the growing sophistication of individual investors and the demand for new financial opportunities, stating that the partnership will provide a platform to attract a new generation of traders not active in derivatives today.
Amy Howe, CEO of FanDuel Group, expressed excitement about the partnership, noting that it will allow FanDuel to bring engaging new products to its fast-growing customer base. The joint venture will operate a non-clearing futures commission merchant (FCM) to facilitate access to these event-based contracts through FanDuel.
The partnership is subject to regulatory review by the CFTC, with forward-looking statements indicating potential risks and uncertainties. These include the success of the joint venture, regulatory approvals, and the satisfaction of other conditions. Despite these risks, the collaboration is poised to drive growth in the sports betting market by providing customers with innovative and flexible trading options.
References
[1] https://www.nasdaq.com/press-release/cme-group-and-fanduel-partner-develop-innovative-event-contracts-platform-2025-08-20
[2] https://www.marketbeat.com/instant-alerts/filing-measured-risk-portfolios-inc-invests-215-million-in-cme-group-inc-nasdaqcme-2025-08-15/
Comments
No comments yet