FanDuel Teams Up With CME for Bets on Stocks and Commodities
FanDuel, a subsidiary of Flutter Entertainment, has partnered with CME Group, a leading US derivatives exchange, to offer betting options on stocks, commodity prices, and inflation. This collaboration aims to expand FanDuel's product offerings beyond traditional sports betting. Through this partnership, customers will be able to place bets on the performance of various financial instruments, including stocks, commodities, and even inflation indicators. The move is seen as an effort by FanDuel to diversify its portfolio and tap into the growing interest in financial markets among sports bettors. The partnership is subject to regulatory approvals, and the companies have not yet disclosed the specific details of the planned offerings. However, this venture is expected to provide FanDuel with a new revenue stream and cater to the evolving preferences of its customer base.
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