Core Viewpoint - FanDuel and CME Group have launched a new prediction markets platform, FanDuel Predicts, in five states, with plans for a phased expansion to other states through early 2026, aiming to enhance access to financial and sports markets for millions of U.S. customers [1][4]. Group 1: Platform Features - FanDuel Predicts allows users to express their views on significant events across financial indicators, cultural moments, and sports through a mobile application available on major app stores [2]. - The platform will offer event contracts on benchmarks such as the S&P 500, Nasdaq-100, oil and gas prices, gold, cryptocurrencies, and key economic indicators like GDP and CPI [3]. - Sports contracts will be available in states where online sports betting is not yet legal, with plans to cease offering these contracts as states legalize online sports betting [3]. Group 2: Customer Engagement and Insights - The launch in five states is expected to provide valuable insights into customer engagement, which will help refine the platform's approach as it expands [4]. - The platform integrates a "Know Your Customer" sign-up process, requiring personal information for account creation, ensuring compliance and security [2]. Group 3: Consumer Protection - FanDuel is committed to consumer protection within the Predicts app, allowing customers to set deposit limits, receive alerts, or self-exclude, with mental health services provided by Kindbridge Behavior Health [5]. Group 4: Company Background - FanDuel Group is a leading mobile gaming company in the U.S., with a diverse portfolio including sports betting, iGaming, and daily fantasy sports, serving approximately 17 million customers across all 50 states [6]. - CME Group is recognized as the world's leading derivatives marketplace, offering a wide range of global benchmark products across major asset classes, enabling clients to manage risk and capture opportunities [7][8].
FanDuel and CME Group Launch FanDuel Predicts to Give Customers the Power to Trade on Tomorrow's Headlines