FanDuel and CME to Launch Hourly Prediction Markets
CME Group and FanDuel have unveiled plans to launch a prediction market platform based on one-hour contracts, introducing what they describe as a micro-betting counterpart to short-term financial trading.
During an appearance on Bloomberg's Odd Lots podcast, CME Chairman and CEO Terry Duffy explained that the new FanDuel Markets app will present users with three to four event contracts per asset class each day, each resolving after a 60-minute window.
Duffy explained that one type of question might ask: "Will the price of gold be above or below $3,700 at the end of the window?"
These contracts would initially span financial benchmarks, such as the S&P 500, gold, crude oil, and treasuries, rather than sports. Duffy noted that while sports might eventually become part of the product range, regulatory uncertainty currently makes the launch focused on finance.
CME plans to enlist multiple market makers to provide liquidity and will incentivize them to keep markets deep. Duffy emphasized that regulation is central to the effort, stating "regulation breeds credibility," and signaling that the joint venture will work within CFTC frameworks.
FanDuel and CME will form a new joint venture operating as a non-clearing futures commission merchant (FCM) to bring event-based, fully funded contracts to users. Pending regulatory review, these contracts may be listed on CME exchanges with simple yes/no positioning, starting at as little as $1.
The move positions FanDuel beyond sports betting toward financial speculation markets. It also draws comparisons to other regulated prediction platforms such as Kalshi.
Amazon, FanDuel team up
The FanDuel-CME announcement intersects with a parallel development in sports media. Basketball viewers on Prime Video this season will have access to new interactive betting tools through an expanded collaboration between Amazon and FanDuel, which serves as the exclusive odds partner for NBA and WNBA broadcasts on the platform.
Amazon confirmed that users will be able to connect their FanDuel accounts with their Prime Video profiles, allowing them to monitor the status of their wagers in real time. The integration enables fans to follow parlays and view the outcomes of their bets as games progress, though wagers cannot be placed directly within Prime Video.
An additional feature, OddsView, will provide continuous updates on odds, betting lines, probabilities, moneylines, point spreads, and player props. The overlay is designed to enhance game broadcasts with live betting data and will be available across all NBA matchups streamed on Prime Video.
FanDuel's President of Sports, Mike Raffensperger, described the rollout as a major step forward in deepening engagement with basketball audiences.
Alongside the technology, the partnership also includes promotional elements. Former LA Clippers forward Blake Griffin, who is joining NBA on Prime as an analyst, will take on a role as brand ambassador for FanDuel’s NBA product.
