NFA grants FanDuel FCM licence for US prediction market business
By SectorWire desk ·
Summary
FanDuel secured National Futures Association membership and a futures commission merchant licence in the US. The approval could increase FanDuel’s control over its prediction market business. It does not authorise FanDuel to run its own designated exchange.
Why it matters
The licence could increase FanDuel’s control over its prediction market business without authorising it to operate its own designated exchange.