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Flutter and CME form joint venture for US event-based markets

Deals & M&A

Flutter Entertainment and CME Group announced a joint venture to offer FanDuel customers access to event-based markets in the US. The standalone platform is expected to launch later in 2025, with contracts potentially covering financial and economic indicators; the source says sports events were not mentioned in the announcement. The products are subject to CFTC regulatory review.

The venture could give FanDuel customers access to event contracts, subject to CFTC review and the partners’ eventual product scope.

End-of-day close Flutter (FLUT), USD, to 3 October 2025
Story date7 July 20253 October 2025

Latest reported results

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

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Results

Flutter says FanDuel Predicts volume rises 102% in Q3 to $119m

Flutter chief executive Dan Taylor said FanDuel’s prediction-markets product had improved after investment and changes to its event-contract supplier. Flutter reported that FanDuel Predicts recorded $119m in volume in Q3, up 102% from Q2, and had 140,000 active users in October.

Flutter said FanDuel Predicts took $119m in volume in Q3, up 102% on Q2, and had 140,000 active users in October. October volume was 271% higher than in July.

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