CME Launches Sports Derivatives

CME is partnering with FutureSports to launch traditional derivatives tied to professional and college sports, the exchange operator said on Wednesday, aiming to offer an alternative to event-based contracts traded on prediction market platforms.

The first monthly and quarterly cash-settled futures will begin trading this summer, with FutureSports expected to unveil additional contract details in the coming weeks, potentially laying the groundwork for a new asset class, pending approval. (more) - DKNG FLUT RSI SRAD PENN