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CME Group and FanDuel Join Forces to Let Investors Bet on Financial Market Outcomes

1. FanDuel partners with CME Group for prediction markets. 2. Wagers will include S&P 500, oil, crypto, and economic indicators. 3. Retail investors' sophistication drives new financial opportunities. 4. Bets will start at $1, appealing to a broad audience. 5. Flutter Entertainment's stock shows minor changes, up 14% YTD.

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FAQ

Why Bullish?

The partnership could enhance CME's market reach and revenue, similar to past expansions into retail markets that resulted in increased trading volumes and prices.

How important is it?

The introduction of predictive wagers can generate significant trading activity, which aligns with CME’s strategic goals and could drive its stock price upwards.

Why Short Term?

The launch of prediction markets is imminent, with immediate interest expected from retail investors eager for new trading opportunities.

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