CME Group, the biggest futures exchange in the U.S., has teamed with the sports-wagering platform FanDuel to let users bet on the outcome of market-related events.

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Sports betting firm FanDuel has tied up with derivatives exchange CME Group to set its foot into the rapidly growing event contracts market, the companies announced on Wednesday.

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The new event contracts platform will make it easier for everyday users to bet on markets like the S&P 500, oil, gold, and even crypto.

FanDuel ( NYSE: FLUT) has entered a strategic partnership with CME Group ( CME) to create a platform that allows retail users to bet on the outcomes of financial market events. The joint venture is set up to operate as a non-clearing futures commission merchant. Pending regulatory review, the launch could be later in 2025.