In a significant development within the prediction market landscape, FanDuel Predicts, a division of Flutter Entertainment, has announced an expanded event contract offering. This new initiative includes various sports and entertainment contracts, as well as combination event contracts, all facilitated through Crypto.com’s CFTC-regulated exchange and clearinghouse, OG Prediction Markets. The enhancement is designed to diversify the options available to customers, thereby improving the overall product portfolio.
“FanDuel Predicts was built to deliver a best-in-class prediction market experience to our customers,” stated James Cooper, Senior Vice President of Flywheel and New Ventures at FanDuel. He emphasized that the expanded product set will provide users with increased choices by broadening the range of sports and entertainment contracts on the platform.
Joe Anzures, Chief Business Officer of Crypto.com, expressed enthusiasm about the partnership, noting that the collaboration is poised to elevate the prediction market experience for users. “By leveraging our robust, regulated exchange and clearinghouse infrastructure, we are enabling a mainstream prediction markets experience just in time for the World Cup,” Anzures remarked. This partnership exemplifies Crypto.com’s commitment to delivering scalable and regulated derivatives infrastructure for major global events.
The newly listed product sets at Crypto.com’s OG Prediction Markets represent a significant growth opportunity for FanDuel Predicts customers, who will have access to a broader spectrum of markets in sports and entertainment, complementing existing contracts from CME Group. This expansion will deepen users’ ability to trade combinations of event contracts, enhancing their engagement with the platform. Customers can expect to see these new contract offerings from both CME Group and OG Prediction Markets starting this week in conjunction with the World Cup.
FanDuel Predicts is accessible in all 50 states and enables users to trade on various benchmarks, including the S&P 500 and Nasdaq-100, as well as commodities like oil, gas, gold, and cryptocurrencies, along with vital economic indicators. Users can also make trades on sports and entertainment outcomes in states where FanDuel does not provide sports betting services, with contracts typically valued between $0.01 and $0.99.
This platform is a joint venture between FanDuel Group and CME Group. All contracts on FanDuel Predicts are listed by CME Group and Crypto.com derivatives exchanges, under the oversight of the CFTC. Customers must carefully review the terms of the agreement and related risk disclosures, as trading futures, options on futures, and cleared swaps can carry significant risks.
CME Group, renowned as the world’s leading derivatives marketplace, enables clients to engage in various trading activities across multiple asset classes, including interest rates and equities. Its operations include futures and options trading via the CME Globex platform and central counterparty clearing through CME Clearing.
Crypto.com, which has grown rapidly since its inception in 2016, has established itself as a leader in regulatory compliance and security within the cryptocurrency space. It aims to promote cryptocurrency adoption through innovative offerings, including prediction markets.
OG operates under the Crypto.com umbrella, providing global services through its North American derivatives division. It facilitates the trading of prediction market contracts across multiple asset classes, including sports, economics, and culture, providing users with unique opportunities to engage and respond to uncertainties.
For further inquiries, individuals can reach out via the provided corporate media email.
