Core Insights - CME Group and CF Benchmarks are launching two new bitcoin volatility indices on December 2, 2025, namely the CME CF Bitcoin Volatility Index - Real Time (BVX) and the CME CF Bitcoin Volatility Index - Settlement (BVXS) [1][2] Group 1: Indices Overview - The new indices provide forward-looking, market-based measures of expected bitcoin price fluctuations over a 30-day period [2] - These indices are not tradable futures products but serve as indicators of implied volatility in CME Group's regulated options on Bitcoin futures [2] Group 2: Market Context - In 2025, nearly $46 billion in equivalent notional value was traded in CME Group's Bitcoin options, establishing them as a benchmark for assessing market views on bitcoin volatility [3] - The launch of these indices is seen as a significant milestone for the crypto asset class, reflecting the increasing sophistication of tools available for managing risk in the bitcoin options market [3] Group 3: Calculation and Publication - The BVX is calculated and published every second during trading hours from 7 a.m. to 4 p.m. Central, while the BVXS is published at 4 p.m. London time [3]

[Music] Will China buy US soybeans before the end of 2025. While China did purchase 5.9% million tons of the 2024 US soybean harvest for delivery in early 2025, this question has plagued the soybean market since February when President Trump first signed an executive order to impose tariffs on China. This event cascaded into additional retaliatory tariffs from both sides over the next several months, which inevitably led to a complete absence of Chinese purchases of the 2025 US soybean harvest.A trade deal ...

RT CounterParty TV (@counterpartytv)Arthur Hayes says he wants perps exchanges to send the CME to zero“I want to see somebody take all these fucking TradFi exchanges and give them a choice, you either adopt perps or you die. Fuck those guys" https://t.co/e8YOR17txB ...

Core Insights - The announcement of launching sports betting in December by Flutter and DraftKings indicates a strong commitment to the market, despite previous hesitations from regulators in states like Nevada [1][3]. Industry Overview - The gaming and sports betting industry is facing challenges, with Flutter and DraftKings experiencing a decline of over 30% since their highs in August [2]. - Predictions in the market are viewed as a potential existential threat by traditional land-based companies like Caesars and MGM, leading to withdrawals from states like Nevada [3]. Company Strategies - Flutter aims to secure a top three position in the sports betting market and is looking to influence policymakers to legalize sports betting in states where it is currently not permitted, which accounts for about 40% of the U.S. [5]. - The company is also focusing on engaging with tribal entities to facilitate discussions on sports betting in California, which could have significant implications for the market [5]. Market Dynamics - The current market environment has seen favorable outcomes for fans, with the house losing in NFL betting this fall, but prediction markets are dominating the conversation [6]. - Despite the sell-off, the overall estimates for the next year have only shifted by about 5%, indicating stability in the market [7]. Future Outlook - The hold rate for sportsbooks is expected to improve, and upcoming events like the World Cup could provide additional opportunities for growth [8]. - Wage growth in sports leagues such as the NFL and NBA remains strong, which could positively impact betting activities [8].

Core Insights - FanDuel is entering the prediction markets sector, joining DraftKings, with the launch of its FanDuel Predicts app in December, developed in partnership with CME Group [2][4] - The app will allow users to trade event contracts on various sports and financial indicators, including the S&P 500, oil prices, and cryptocurrencies [3][4] - The growth of prediction markets is highlighted by a record high of $2 billion in weekly volume as of late October, driven by a diverse range of products [5] Company Developments - FanDuel's CEO, Amy Howe, emphasized the company's commitment to product innovation and consumer protection in the new app, which will include tools for managing exposure and educational resources [4] - The app will operate in states where online sports betting is not yet legal, ceasing operations in states that legalize online sports betting [3] Industry Context - The announcement follows DraftKings' acquisition of Railbird Exchange, indicating a competitive landscape in the prediction markets [5] - Prediction markets are gaining traction due to their ability to offer a wide range of products across various sectors, including finance and entertainment [5][6]

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]

Market Expansion - CME Group and FanDuel are partnering to launch a US prediction markets platform named FanDuel Predicts next month [1] - FanDuel Predicts will be a standalone app offering event contracts [1] Product Offering - The platform will offer event contracts on sports, crypto prices, and more [1]

Welcome back to Spotbox. A sports betting player FanDuel partnering with derivatives marketplace CME Group in a predictions market platform that's now set to be released next month. It's going to allow users to bet on financial metrics and sports outcomes even in places where sports gambling is illegal.Now, prediction markets are federally regulated and considered trading platforms, not gambling platforms. the CEO of FanDuel's parent company, telling Jim Kramer that the sports prediction product won't be av ...

Core Viewpoint - FanDuel is partnering with CME Group to launch a predictions market platform that allows users to bet on financial metrics and sports outcomes, even in regions where sports gambling is illegal [1] Group 1: Company Developments - FanDuel's parent company CEO stated that the sports prediction product will not be available in areas where users can access FanDuel sports betting [2] - FanDuel has surrendered its license to operate in Nevada due to regulatory disagreements regarding the nature of prediction markets [3] - DraftKings has also agreed to withdraw all pending applications for sports wagering in Nevada, indicating a significant shift in their operational strategy [3][4] Group 2: Regulatory Environment - The Nevada gaming control board has deemed the foray into sports events contracts as unlawful, stating it is incompatible with participation in Nevada's gaming industry [4] - There is a distinction between traditional state-regulated gambling and the emerging prediction market, which is federally regulated [5] Group 3: Industry Implications - The traditional casinos in Nevada are feeling threatened by the rise of sports betting platforms like FanDuel and the new predictions market [8] - The potential merging of sports gambling and prediction markets is suggested, indicating a trend towards consolidation in the industry [6][7]

Market Expansion - CME Group and FanDuel are launching a US prediction markets platform next month [1]