After Flutter Entertainment’s announcement that it would enter the event-contract market, stock analysts were quick to react. Flutter disclosed that it was partnering with prediction-market giant CME, which is federally regulated, to offer derivatives.
“The company currently offers speculating contracts on daily closes of market, commodity and currency pricing, with the two parties having yet to define plans for contracts beyond what CME offers,” said one report, released August 20. Should the Commodity Futures Trading Commission approve, the products would hit the market in the fourth quarter.
