PANews reported on November 13th that the CME Group announced it will launch a prediction market with North American online gaming company FanDuel through the new FanDuel Predicts app, expanding financial market access for US clients. FanDuel Predicts will launch as a standalone mobile app in December. After submitting appropriate regulatory filings, the app will offer contract trading services covering sports events such as baseball, basketball, American football, and hockey. In addition to sports events, the app will also offer event contract trading services for benchmark indices such as the S&P 500 and Nasdaq 100, as well as key economic indicators such as oil and gas prices, gold, cryptocurrencies, and GDP and CPI.
In October, sources revealed that the CME Group planned to launch contracts for sports events and economic indicators to compete with Kalshi .
