CME is the majority owner of FanDuel Predicts, according to Casino.org, as the partnership’s dynamics shift.
The hit
FanDuel was approved on Monday as a member of the National Futures Association, securing a futures commission merchant licence, according to Casino.org. CME previously said FanDuel getting such a licence would be “contractually against what we originally stated with them”, per CME chairman & CEO Terry Duffy.
Why it matters
The licence paves the way for FanDuel to gain more economic control over its prediction market business as its CME tie-up evolves. CME owns 51% of FanDuel Predicts & takes half its gross revenue, while FanDuel covers all the marketing & tech costs, a split Casino.org says explains why FanDuel is mulling an approach with more economic control. The FCM nod isn’t a full exchange licence.
The record
| FCM licence granted | Monday, via National Futures Association membership (Casino.org) |
|---|---|
| Partnership launch | August 2025 deal; FanDuel Predicts debuted in five states last December |
| Shift to Crypto.com | FanDuel moved novelty & sports event contracts to Crypto.com’s OG Prediction Markets in August |
What happens next
Watch whether FanDuel pursues a full Designated Contract Market & Derivative Clearing Organization licence to run its own exchange, or stays reliant on CME for that infrastructure.
Sources: FanDuel Lands FCM License, But CME Isn’t Involved
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