CME Group and FanDuel form joint venture for financial event contracts
CME Group and FanDuel announced an agreement to offer financial and economic yes-or-no event contracts to FanDuel customers, with products expected to launch later in 2025. The contracts will cover equity indexes, commodities, cryptocurrencies and economic data, with prices starting at $1; the companies will establish a non-clearing futures commission merchant regulated by the CFTC.
The joint venture adds financial event contracts to FanDuel’s offering and places the venture under CFTC regulation.