CME, prediction market partner to FanDuel and DraftKings, has self-certified contracts on U.S. elections, in an apparent U-turn after CEO Terry Duffy last year said political event contracts were not a “good thing. ”
Commodity Futures Trading Commission (CFTC) filings show that CME self-certified U.S. election contracts. The business also self-certified parlays on basketball and baseball, alongside new contracts on soccer and golf. The new parlays — following football parlays, which were self-certified just before the Super Bowl — will likely be a major part of FanDuel and DraftKings’ prediction market offerings in states in which they offer sports contracts.
