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written from corroborating sources- CME, FanDuel Scale Back Joint Venture Amid Rising Competition
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.
Macro·1 article / 1 outlet·63d ago
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