FanDuel and CME Group plan to launch FanDuel Predicts, a prediction market app, in December, bypassing restrictions in US states where gambling is illegal (Stephanie Stacey/Financial Times)
PositiveArtificial Intelligence

The upcoming launch of FanDuel Predicts by FanDuel and CME Group is significant as it represents a novel approach to betting in the United States, particularly in states where gambling is prohibited. By structuring the app to facilitate peer-to-peer trades, the companies are attempting to navigate around existing legal barriers. This move could reshape the landscape of online betting, providing users with new opportunities to engage in prediction markets without violating state laws. The partnership between FanDuel and CME Group underscores the growing interest in alternative betting formats, which may attract a wider audience and challenge traditional gambling frameworks.
— via World Pulse Now AI Editorial System