FanDuel secures futures commission merchant licence to broker event contracts directly
By SectorWire desk ·
Summary
FanDuel has obtained a futures commission merchant licence through the National Futures Association on 7 October. The approval enables FanDuel to broker event contracts directly and take direct economic control of its prediction-market operations.
Why it matters
FanDuel’s licence enables direct event contract brokering and direct economic control of its prediction market operations.