CME, FanDuel Scale Back Joint Venture Amid Rising Competition
Macro·1 article across 1 outlet
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CME Group Inc. and FanDuel are scaling back a joint effort to take on prediction market startups after failing to gain traction in a booming industry. This sector has quickly come to represent a threat to both Wall Street exchanges and traditional sportsbooks.
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“CME Group Inc. and FanDuel are scaling back a joint effort to take on prediction market startups after failing to gain traction in a booming industry that has quickly come to represent a threat to both Wall Street exchanges and traditional sportsbooks.”
Bloomberg — CME, FanDuel Venture Falters As Prediction Startups Race Ahead