CME Group and Flutter Entertainment’s gaming platform FanDuel unveiled a joint plan to launch fully funded, event-based contracts that let US retail users take simple “yes/no” positions on equities, gold, oil, crypto, and key economic indicators for as little as $1, multiple times per day.
The partners say the initial lineup will span benchmarks like the S&P 500 and Nasdaq-100, with more products to follow later this year.
CME Group framed the move as a response to rising retail appetite for market-linked products. “Individual investors are increasingly sophisticated and continually pursuing new financial opportunities,” said CEO Terry Duffy.
“Partnering with CME Group will unlock our ability to bring even more new and engaging products,” said FanDuel Group CEO Amy Howe, who also highlighted “best-in-class regulatory compliance and consumer protections.”
The collaboration centers on a new joint venture that will operate a non-clearing futures commission merchant. Contracts are slated to be listed on—and subject to the rules of—CME Group’s exchanges and accessible via participating FCMs, pending CFTC regulatory review.
This comes following the recent announcement by Robinhood to launch pro and college football prediction markets in partnership with Kalshi.
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