FanDuel Teams Up With CME for Bets on Stocks and Commodities (1)

FanDuel, the online gambling division of Flutter Entertainment Plc, is teaming up with CME Group Inc., the largest US derivatives exchange, to offer bets on stocks, commodity prices and even inflation.

Expected to launch later this year, the event-based contracts will be tied to benchmarks such as the S&P 500 and Nasdaq-100, the prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and CPI, the companies said Wednesday.

The bets will be framed in a way that makes them regulated financial products rather than wagers in a state-supervised casino, according to the parties. ...