New partnership broadens the types of markets customers can engage with, and complements FanDuel Predicts’ existing contract offerings from CME Group
FanDuel is expanding its prediction markets offering through a new partnership with Crypto.com and its CFTC-regulated exchange and clearinghouse, OG Prediction Markets.
The deal enables FanDuel Predicts to broaden the types of markets customers can engage with, including new sports and entertainment contracts, as well as combination event contracts.
“FanDuel Predicts was built to deliver a best-in-class prediction market experience to our customers,” said James Cooper, senior vice president of Flywheel and new ventures at FanDuel. “These additional product sets give our customers more choices by expanding the breadth of sports and entertainment contracts on our platform.”
The addition of new product sets listed at Crypto.com’s OG Prediction Markets complements the existing offer of contracts available through CME Group.
Customers will begin to see contract offerings from both CME Group and OG Prediction Markets this week with the start of the World Cup.
“We are thrilled to partner with FanDuel Predicts to bring a new level of depth and experience to its prediction markets experience,” said Joe Anzures, chief business officer of Crypto.com. “By leveraging our robust, regulated exchange and clearinghouse infrastructure, we are enabling a mainstream prediction markets experience just in time for the World Cup – underscoring our capability to deliver scalable, regulated derivatives infrastructure for the world’s biggest moments.”
Shares in FanDuel parent company Flutter Entertainment plc (NYSE:FLUT) were trading 4.02 per cent higher at $115.80 per share in New York earlier Wednesday.