FanDuel and CME Group plan prediction-markets app for December launch
FanDuel, part of Flutter Entertainment, plans to launch the FanDuel Predicts app with CME Group in December, the companies said. It will offer sports event contracts in states where online sports betting is not legal, and stop offering them in a state once sports betting becomes legal there. Contracts will also cover financial benchmarks, commodities, cryptocurrencies and economic indicators.
The state-based offering and withdrawal condition shape where FanDuel plans to offer sports event contracts.