"With the Super Bowl looming, FanDuel and DraftKings prediction markets could potentially be introducing parlays for the event following a self-certification contract with the CFTC. The CME Group, which partners with the two industry giants, has self-certified a multi-leg football contract with the Commodity Futures Trading Commission. The actual details, however, aren't yet known as the filing suggests it'll list the contract by Thursday, nor have any specifics been shared."
"In the self-certification process, this is where a designated contract market that is CFTC-registered submits documents that explain their intentions to list a new contract. In the filing description, it reads as: "Initial Listing of Event Contract Swaps on Pro Hockey Game Point Spreads, Pro Football Championship Combos, Olympic Competitions, and Grammy Awards." In the contract specifications, the title is "Event Contracts on Pro Hockey Game Point Spreads and Pro Football Championship Combos.""
The CME Group self-certified a multi-leg football event contract with the CFTC that could enable multi-leg parlays tied to major events. The filing describes initial listings of event contract swaps covering pro hockey game point spreads, pro football championship combos, Olympic competitions, and Grammy Awards. Contract specifications are titled "Event Contracts on Pro Hockey Game Point Spreads and Pro Football Championship Combos." FanDuel partners with CME to offer event-based markets, with CEO Amy Howe saying the partnership will unlock more engaging products and reach a wide audience for trading event-based markets. DraftKings plans to connect to multiple exchanges beginning with CME and intends to roll out Railbird Technologies capabilities.
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