CME Partners with FanDuel for Retail Event Contracts

24 days ago

Terry Duffy

"So today FanDuel is set up a little bit different than some of their competitors. They don't have one app for all different services... And then you'll see in there, we'll have potentially three to four event contracts a day per asset class. The events will go on for approximately 60 minutes. And then we will say, will the price of gold be above or below $3,700 an ounce? ... And that will run five days a week for markets."

Terry Duffy explains CME's new partnership with FanDuel, which will offer binary, one-hour event contracts on various asset classes like gold, crude oil, and the S&P 500. This initiative is designed to democratize access by enabling retail investors to participate with smaller contract sizes, leveraging technology to bridge the gap between traditional trading and speculative gaming markets.

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