FanDuel’s blockbuster announcement Wednesday that it is partnering with derivatives marketplace CME to launch a prediction market brings more questions than answers. How will state regulators react? Will this make negotiating with California’s tribes more difficult?

The popular sports betting app will soon host event-based contracts linked to oil and gas prices, gold, the S&P 500 and more.

After missing out on an untethered license, FanDuel will partner with MLS club St. Louis City SC as it prepares to operate in Missouri

FanDuel ( NYSE: FLUT) has entered a strategic partnership with CME Group ( CME) to create a platform that allows retail users to bet on the outcomes of financial market events. The joint venture is set up to operate as a non-clearing futures commission merchant. Pending regulatory review, the launch could be later in 2025.

FanDuel will get into the prediction markets business later this year, though there is no mention of sports just yet.

The Missouri Gaming Commission heard presentations Wednesday from DraftKings, FanDuel and Circa Sports, three companies competing for two mobile sports betting licenses available in the state.

DraftKings posted strong Q2 growth, but slowing user trends and iGaming share loss suggest caution, despite solid valuation. Learn why DKNG stock is a hold.

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