TechFlow, August 21 — According to Bloomberg, FanDuel, the online gambling platform under Flutter Entertainment, is collaborating with CME Group, the largest derivatives exchange in the United States, to launch betting services based on stock prices, commodity prices, and inflation indicators.
The two companies announced on Wednesday that these event-based contracts will be linked to key economic indicators such as the S&P 500, Nasdaq 100 index, oil and natural gas prices, gold, cryptocurrencies, as well as GDP and CPI. The service is expected to officially launch later this year, offering investors a new way to engage in financial betting.
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