CME Group and FanDuel have announced a joint venture to launch an innovative event contracts platform that will allow users to place bets on various financial market metrics. The platform will operate as a non-clearing Futures Commission Merchant, combining CME’s market infrastructure with FanDuel’s extensive retail reach. Users will be able to wager as little as $1 on event contracts tied to benchmarks such as the S&P 500, Nasdaq-100, oil and gas prices, gold, cryptocurrencies, and key economic indicators including GDP and the Consumer Price Index (CPI). These contracts will be accessible through FanDuel’s app but listed on and subject to CME Group exchange rules. The trades will clear through CME and be regulated as financial products rather than traditional casino bets, pending review by the Commodity Futures Trading Commission (CFTC). This partnership marks FanDuel’s expansion beyond sports betting into prediction markets, aiming to gamify financial market participation and broaden access to market-based event contracts.