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CME Group (NASDAQ:CME), the world's leading derivatives marketplace, and FanDuel, America's premier online gaming company, part of Flutter Entertainment (NYSE:FLUT, LSE: FLTR))), today announced a groundbreaking alliance that will launch new products and expand access to financial markets for millions of FanDuel customers in the United States.
This innovative partnership will build on CME Group's long track record of developing regulated, transparent markets, and FanDuel's vast customer reach. Together, the companies will develop new fully funded, event-based contracts with defined risk. Customers will be able to express their views multiple times a day on a wide range of markets with simple "yes" or "no" positions for as little as $1.
Expected to launch later this year, the products will include benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and CPI, with further details of additional offerings to be determined in the coming months.