CME Group Reportedly Planning Sports Prediction Market Entry to Challenge Kalshi
The derivatives marketplace CME Group is reportedly preparing to enter the sports contracts market, potentially competing with platforms like Kalshi. According to Bloomberg sources, the Chicago-based company could debut financial contracts tied to sports games and economic indicators by year-end. This development comes as prediction markets face increasing regulatory scrutiny across multiple states.
Potential Market Expansion
According to reports from Bloomberg, the CME Group Inc could be preparing to enter the sports contracts market, potentially creating new competition for existing platforms like Kalshi. Sources familiar with the matter indicate the Chicago-based derivatives marketplace is planning to debut financial contracts tied to both sports games and economic indicators by the end of the year.