CME Group and Fanduel revealed a partnership to create a juvenile contract platform designed to expand access to financial markets for retailers in the United States.
The partnership will bring together CME GROUP experience in developing organized markets with the large online gaming customer base in Fanduel.
Companies are planning to submit fully funded contracts based on events with specific risks, allowing individuals to take “yes” or “no” functions in a variety of financial standards for less than one dollar.
New products, which are expected to be launched later this year, taking into account organizational approval, will cover stock indicators such as S&P 500 and NASDAQ-100, Energy commodities including oil and gas, precious metals, cryptocurrencies, and major American economic indicators such as GDP and CPI.
The companies added that other offers are scheduled to be announced in the coming months.
“Individual investors are increasingly developed and are constantly following new financial opportunities,” said Terry Duffy, Chairman of the CME group and CEO. “Our products based on events will attract the increasing public interest in the markets, and we will provide education to attract a new generation of potential in -derivative traders today.”
“The partnership with CME GROUP will open our ability to bring more new and attractive products to a fast -growing Fanduel customer base,” said Emmy Hao, CEO of Vandayel.
We want to provide a platform that allows our customers to participate in this activity … combining the best organizational compliance in its class and consumer protection. “
The joint project will create an advanced future committee dealer to facilitate access to contracts.