The Chicago derivatives giant partners with the online gaming company to offer $1 trades to sports gambling fans.
The binary options-style products gain regulatory support and mainstream adoption, including Robinhood, Crypto.com and Interactive Brokers.
CME Group
has struck a deal with sports betting company FanDuel to bring event
contracts to millions of gaming customers, marking the latest expansion
for the binary options-style products that have exploded in popularity
this year.
Terry Duffy, CME Group Chairman and CEO, Source: CME
The
partnership creates a joint venture that will let FanDuel users bet on
financial markets with stakes as low as $1. Players can make simple
yes-or-no bets multiple times daily on everything from S&P 500 moves to oil
prices and economic data.
CME already
operates event contracts that launched in September 2022, targeting retail
investors with capped payouts of up to $100 per contract. The new FanDuel
tie-up represents the exchange's biggest push yet to tap mainstream
audiences outside traditional trading circles.
Betting Meets Wall Street
“Individual
investors are increasingly sophisticated and continually pursuing new
financial opportunities,” CME Chairman Terry Duffy said. “To meet
this demand, we have created this partnership, which will operate a
non-clearing FCM.”
The
collaboration comes as event contracts gain momentum across the US
financial landscape. These instruments essentially function like binary
options, letting traders bet fixed amounts on whether specific events
will occur. Each contract pays out a predetermined sum or nothing at
all.
Major
platforms like Kalshi have led the charge in popularizing these instruments,
while brokers such as Interactive Brokers and Robinhood have added them to
their offerings.
FanDuel CEO
Amy Howe called the partnership a way to “bring even more new and
engaging products to FanDuel's fast-growing customer base.” The
sports betting company's parent Flutter Entertainment operates Betfair,
one of the world's largest betting exchanges, giving it experience with
similar prediction markets.
Regulatory Green Light
The timing
looks favorable for event contract operators. Earlier this month, the
Commodity Futures Trading Commission (CFTC) granted regulatory relief to
Railbird Exchange and its clearing partner, exempting them from certain swap
reporting requirements that can burden smaller retail-focused trades.
The August CFTC
decision reduces compliance costs and signals growing regulatory
acceptance of event contracts as a legitimate asset class. Similar
no-action letters have been issued to other platforms in the space.
Event
contracts were once prohibited in the United States but gained legal
recognition from the CFTC, which clarified permissible contract types in May
2024. However, the regulations remain not fully clear.
CME faces
increasing competition as the event contracts market matures. Kalshi
remains the volume leader, while newer entrants like Crypto.com have
launched similar products. The market has particularly surged around major
events like the 2024 presidential election.
The
CME-FanDuel venture will operate as a non-clearing futures commission merchant,
pending CFTC regulatory review. All contracts will be listed on CME
exchanges and subject to CME rules, with access through participating
brokers.
CME's
existing event contracts cover major benchmarks like the E-mini S&P
500, Nasdaq-100, crude oil, gold and currency futures. The exchange expanded
the product line in 2024 to include longer-dated contracts with quarterly
and annual expiries.
Industry
observers expect event contracts to become a “trillion-dollar asset
class” as platforms simplify access to derivatives markets. The
FanDuel partnership could accelerate that growth by tapping the
sports betting audience that's already comfortable with prediction-based
wagering.
Financial
terms of the CME-FanDuel deal weren't disclosed. The companies expect to
launch their joint platform later this year, subject to
regulatory approval.
CME Group
has struck a deal with sports betting company FanDuel to bring event
contracts to millions of gaming customers, marking the latest expansion
for the binary options-style products that have exploded in popularity
this year.
Terry Duffy, CME Group Chairman and CEO, Source: CME
The
partnership creates a joint venture that will let FanDuel users bet on
financial markets with stakes as low as $1. Players can make simple
yes-or-no bets multiple times daily on everything from S&P 500 moves to oil
prices and economic data.
CME already
operates event contracts that launched in September 2022, targeting retail
investors with capped payouts of up to $100 per contract. The new FanDuel
tie-up represents the exchange's biggest push yet to tap mainstream
audiences outside traditional trading circles.
Betting Meets Wall Street
“Individual
investors are increasingly sophisticated and continually pursuing new
financial opportunities,” CME Chairman Terry Duffy said. “To meet
this demand, we have created this partnership, which will operate a
non-clearing FCM.”
The
collaboration comes as event contracts gain momentum across the US
financial landscape. These instruments essentially function like binary
options, letting traders bet fixed amounts on whether specific events
will occur. Each contract pays out a predetermined sum or nothing at
all.
Major
platforms like Kalshi have led the charge in popularizing these instruments,
while brokers such as Interactive Brokers and Robinhood have added them to
their offerings.
FanDuel CEO
Amy Howe called the partnership a way to “bring even more new and
engaging products to FanDuel's fast-growing customer base.” The
sports betting company's parent Flutter Entertainment operates Betfair,
one of the world's largest betting exchanges, giving it experience with
similar prediction markets.
Regulatory Green Light
The timing
looks favorable for event contract operators. Earlier this month, the
Commodity Futures Trading Commission (CFTC) granted regulatory relief to
Railbird Exchange and its clearing partner, exempting them from certain swap
reporting requirements that can burden smaller retail-focused trades.
The August CFTC
decision reduces compliance costs and signals growing regulatory
acceptance of event contracts as a legitimate asset class. Similar
no-action letters have been issued to other platforms in the space.
Event
contracts were once prohibited in the United States but gained legal
recognition from the CFTC, which clarified permissible contract types in May
2024. However, the regulations remain not fully clear.
CME faces
increasing competition as the event contracts market matures. Kalshi
remains the volume leader, while newer entrants like Crypto.com have
launched similar products. The market has particularly surged around major
events like the 2024 presidential election.
The
CME-FanDuel venture will operate as a non-clearing futures commission merchant,
pending CFTC regulatory review. All contracts will be listed on CME
exchanges and subject to CME rules, with access through participating
brokers.
CME's
existing event contracts cover major benchmarks like the E-mini S&P
500, Nasdaq-100, crude oil, gold and currency futures. The exchange expanded
the product line in 2024 to include longer-dated contracts with quarterly
and annual expiries.
Industry
observers expect event contracts to become a “trillion-dollar asset
class” as platforms simplify access to derivatives markets. The
FanDuel partnership could accelerate that growth by tapping the
sports betting audience that's already comfortable with prediction-based
wagering.
Financial
terms of the CME-FanDuel deal weren't disclosed. The companies expect to
launch their joint platform later this year, subject to
regulatory approval.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
CFD Industry Stats from 2025: Five Defining Trends - And One Prediction for 2026
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
