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Commission hears FanDuel–CME partnership plans and flags prediction-market legal risks
Summary
Flutter Entertainment and FanDuel told the Nevada Gaming Commission about a new partnership with CME Group to explore event contracts; commissioners warned about unresolved regulatory conflicts between CFTC-type markets and Nevada gaming law and asked that the company consult Nevada regulators before launching any new contracts.
Flutter Entertainment and FanDuel representatives briefed the Nevada Gaming Commission on Aug. 21 about a newly announced partnership with CME Group to explore “events contracts,” and commissioners pressed the company about the legal and regulatory risks if such contracts resemble prediction markets or fall under CFTC oversight.
The company described the agreement as an exploratory joint effort with CME Group “to explore and identify business opportunities in the events contract space” and said no definitive decisions have been made about what contracts might be offered, where or when. Flutter and FanDuel officials said the partnership and any…
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