FanDuel and CME plan prediction-market platform with hourly contracts
FanDuel and CME Group plan to launch FanDuel Markets, offering hourly prediction contracts tied to financial indicators including gold, crude oil and the S&P 500. CME chief executive Terry Duffy said users could begin with $1; the companies do not plan to offer sports-related contracts at launch because of legal uncertainty.
The planned financial contracts extend FanDuel’s offering beyond sports, while excluding sports contracts amid legal uncertainty.