:max_bytes(150000):strip_icc()/GettyImages-2209031846-9dfcebdbd2c942f78826658d97328621.jpg "CME Group and FanDuel Join Forces to Let Investors Bet on Financial Market Outcomes")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2209031846-9dfcebdbd2c942f78826658d97328621.jpg)
Flutter Entertainment’s (FLUT) online gambling division FanDuel is joining forces with derivatives exchange CME Group Inc. to offer wagers on a range of financial market outcomes, from predictions on the S&P 500 to cryptocurrencies.
“Individual investors are increasingly sophisticated and continually pursuing new financial opportunities,” CME Group CEO Terry Duffy said.
The offerings will be launched later this year and allow bets for as low as $1. Among products the venture will offer are “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.”
Companies are taking advantage of retail investor interest in prediction markets. Early this week, online brokerage Robinhood Markets (HOOD) announced its clients could now trade on pro and college football game outcomes.
Flutter’s stock is little changed in premarket trading and is up about 14% for the year.
UPDATE—Aug. 21, 2025: This article has been updated to include share prices.
