With the Super Bowl As the event approaches, prediction markets FanDuel and DraftKings could potentially introduce parlays for the event following a self-certification contract with the CFTC.
The CME Group, partner of the two sector giants, has self-certified a multi-stage football contract with the Commodity Futures Trading Commission. The actual details, however, are not yet known. deposit suggests he will list the contract by Thursday, and no details have been shared.
In the self-certification process, this is where a designated contract marketplace registered with the CFTC submits documents explaining its intent to list a new contract. In the filing’s description, it reads: “Initial listing of event contract exchanges on point spreads from professional hockey games, professional football championship combos, Olympic competitions and the Grammy Awards.” »
In the contract specifications, the title is “Professional Hockey Game Point Spreads and Professional Football Championship Combos Event Contracts.” As the Super Bowl approaches on Sunday, February 8, one wonders if the prediction markets will be interested.
Does CME Group work with FanDuel and DraftKings Predictions?
In the case of FanDuel, the derivatives market CME Group is a partner of the event contracts platformthis is apparently a joint venture. At the time, FanDuel Group CEO Amy Howe said: “Partnering with CME Group will allow us to offer even more new and exciting products to FanDuel’s rapidly growing customer base.
“We believe there is potentially a large audience for trading in event-driven markets and we want to provide a platform that allows our clients to engage in this activity.”
It’s slightly different for DraftKings, as it has indicated it will connect to several exchanges, starting with the CME Group at launch. Its intentions also include the planned deployment of the recently acquired Railbird Technologies Inc and its wholly owned subsidiary, Railbird Exchange, LLC, but it is unclear when and if it will move to this DCM.
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