Market Chatter: CME Group Looking to Launch Sports Contracts by Year-End

MT Newswires Live10-17

CME Group (CME) plans to launch financial contracts tied to sports games and economic indicators by year-end, Bloomberg reported Friday, citing sources familiar with the matter.

The company will offer the contracts through futures commission merchants, including the merchant CME is establishing with Flutter Entertainment's (FLUT) FanDuel unit, according to the report. Sources also told Bloomberg that the company could also use other similar platforms.

CME Group did not immediately respond to MT Newswires' request for comment.

Shares of FanDuel competitor DraftKings (DKNG) were down more than 2% in recent premarket activity Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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