CME Group and FanDuel Team Up to Launch Events Contracts Platform

CME Group and FanDuel are teaming up to bring a new kind of play to millions of everyday users.

The groundbreaking partnership between CME Group (NASDAQ: CME), the world’s leading derivatives marketplace, and FanDuel, America’s top online gaming platform and part of Flutter Entertainment (NYSE: FLUT, LSE: FLTR), will introduce simple, event-based trading products that let customers bet on market outcomes for as little as $1.

Now, users can easily take “yes” or “no” positions on everything from Nasdq and the S&P 50, to oil prices to gold, crypto, GDP, and inflation data. This will be available not just once, but multiple times a day, with defined risk and no hidden surprises.

“Individual investors are increasingly sophisticated and continually pursuing new financial opportunities,” said Terry Duffy, CME Group Chairman and CEO. “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."

Amy Howe, CEO of FanDuel Group, called the partnership a new way to “unlock our ability to bring even more new and engaging products to FanDuel’s fast-growing customer base."

The companies will form a joint venture to operate a non-clearing futures commission merchant (FCM), making the new event-based contracts available through FanDuel’s platform.

Pending CFTC approval, all contracts will be listed on CME Group exchanges, subject to all rules and regulations, and available through participating FCMs later this year.