FanDuel Prediction Market Strategy Pursues Rivals Polymarket, Kalshi

Group 1 - Flutter, the parent company of FanDuel, announced a partnership with CME Group to launch a new prediction markets platform called FanDuel Predicts, set to launch in December [1] - Prediction markets allow bettors to place wagers on the outcomes of various events, indicating a growing trend in the betting industry [1] Group 2 - DraftKings is entering the prediction markets space, indicating competition in this emerging sector [4] - Robinhood reported a doubling of revenue and more than tripled earnings, showing significant growth in the financial services sector [4]