FanDuel and CME Group partner to launch event-based contracts in the US
Partnership will see new joint venture offering fully funded contracts tied to financial benchmarks, pending CFTC review.
Key points:
– FanDuel and CME Group to create event-based trading products for US customers
– Products to cover indices, commodities, crypto and economic indicators
– Joint venture to operate as a non-clearing futures commission merchant
FanDuel and CME Group have announced a partnership to launch a new event-based trading platform in the United States, combining the derivatives marketplace’s infrastructure with FanDuel’s customer reach.
The collaboration will see the creation of fully funded contracts allowing customers to take simple “yes” or “no” positions on a range of financial benchmarks.
These include the S&P 500, Nasdaq-100, oil and gas, gold, cryptocurrencies and key economic data such as GDP and inflation.
Contracts are expected to launch later in 2025, subject to regulatory approval from the US Commodity Futures Trading Commission (CFTC).
Terry Duffy, CME Group Chairman and CEO, said: “Individual investors are increasingly sophisticated and continually pursuing new financial opportunities. Together, our event-based products will appeal to the growing public interest in markets and we will provide education to attract a new generation of potential traders not active in derivatives today.”
Amy Howe, FanDuel Group CEO, added: “Partnering with CME Group will unlock our ability to bring even more new and engaging products to FanDuel’s fast-growing customer base. We believe there is potentially a wide audience for trading event-based markets and we want to provide a platform that allows our customers to engage in this activity.”
Good to know: Pending CFTC review, the new contracts will be listed on CME Group exchanges and available through participating FCMs
As part of the agreement, the two companies will form a joint venture that will operate as a non-clearing futures commission merchant.
This structure is designed to facilitate access to the event contracts while meeting compliance standards.
The announcement follows significant corporate activity involving FanDuel’s parent company Flutter Entertainment. In July 2025, Flutter completed a $1.755bn deal to acquire Boyd Gaming’s remaining 5% stake in FanDuel, securing full ownership of the brand. Boyd, however, extended its strategic partnership with Flutter until 2038 as part of the agreement.
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