CME Group, FanDuel ink fresh deal to launch new prediction market as competition heats up

CME Group and FanDuel are launching a new prediction market product in the US this December. Called FanDuel Predicts, the platform will let users wager on various sporting events as well as the price of gas and cryptocurrencies. Prediction markets let users bet on the likelihood of specific, real-world events, such as how many yards per game a quarterback will throw or what words a publicly traded company might say during an earnings call. The product will only be available in states where sports bettin ...