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CME Group and FanDuel will launch the prediction market platform of the United States next month.
CME Group and FanDuel will launch a prediction market platform in America in December through the FanDuel Predicts app. This platform allows users to predict the outcomes of sports events, as well as the prices of cryptocurrencies, oil, gas, stocks, and economic indicators, even in states that prohibit online betting.
According to CME Group CEO Terry Duffy, this is an expansion step aimed at attracting a new generation of investors and leveraging FanDuel's network of millions of users.
The collaboration between the major derivatives exchange and this virtual sports platform comes as the prediction market is booming, with the two leading names being Kalshi and Polymarket. While Kalshi has the legal advantage, Polymarket is re-entering the American market. Additionally, the Winklevoss Gemini exchange is also preparing to compete in this promising field.