Morning Minute: CME & Fanduel Bring Prediction Markets to the Masses

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.

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today's top news:

Wall Street is meeting Main Street in the betting arena.

And the prediction market boom is about to begin…

The CME Group and FanDuel are teaming up to launch a new event contracts platform, making it easier for everyday users to bet on markets like the S&P 500, oil, gold, and even crypto.

The two will create a joint venture that will offer fully funded, event-based contracts as a part of the initiative.

These simple yes/no markets will let FanDuel’s millions of customers trade on major benchmarks and economic indicators for as little as $1.

Expected to go live later this year (pending CFTC review), the platform will cover:

The contracts will run through a new non-clearing futures commission merchant (FCM) jointly operated by CME and FanDuel, and listed on CME’s regulated exchanges.

This is a huge moment for prediction markets and retail access:

Assuming this is approved, this could be the biggest step yet toward mass adoption of event-based markets in the U.S. seen to date.

There were questions (and rightfully so) if prediction markets would make it post-2024 election.

Volumes boomed into the most hotly debated election ever, but then (to the surprise of many), volumes sustained.

Prediction markets have sustained well post-election (data from https://dune.com/fergmolina/polymarket-markets-data)[/caption]

Thanks to new styles of pop culture markets, leaning more into news and geopolitics and of course sports betting markets, prediction markets have kept volumes at ~50%+ levels of peak 2024.

That’s a huge win.

And the more progress made in 2025-2026 will lead for an even bigger 2028 election cycle.

Let the prediction market boom begin...

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries

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Section dedicated to headlines in the AI sector of crypto:

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