FanDuel and CME Group have launched a prediction markets platform in five U.S. states, with plans for a national rollout by early 2026. The platform, “FanDuel Predicts,” will offer event contracts on global benchmarks and sports in states where online betting is not yet legal. Analysts predict big revenue potential for CME.

CME aims to be the go-to exchange for sportsbooks entering prediction markets, tapping into the retail interest in this asset class. The joint venture with FanDuel could bring in over $300 million in revenue, following the success of similar partnerships. DraftKings also recently entered the prediction market arena with CME as the exchange.

Prediction markets, popularized after the 2024 U.S. presidential race, have attracted traditional financial players and new entrants. FanDuel and CME’s platform, “FanDuel Predicts,” allows users to bet on real-world events and trade contracts on various benchmarks and sports. This move expands CME’s reach to millions of FanDuel users across the U.S.

Read more at Yahoo Finance: FanDuel, CME Group launch prediction markets in five US states