FanDuel Launches Predicts Platform in Five States, Expanding Access to Millions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Market Expansion: FanDuel launched the Predicts platform in Alabama, Alaska, South Carolina, North Dakota, and South Dakota, with plans for phased expansion to other states by early 2026, expected to provide access to financial and sports markets for millions of U.S. customers.
- User Engagement: The new platform allows users to buy and sell event contracts priced from $0.01 to $0.99, covering benchmarks like the S&P 500 and Nasdaq-100, aiming to enhance user engagement with economic indicators and sports events, thereby increasing customer loyalty.
- Technology Integration: The FanDuel Predicts app will integrate a
CME
$272.69+Infinity%1D
Analyst Views on CME
Wall Street analysts forecast CME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CME is 284.58 USD with a low forecast of 201.00 USD and a high forecast of 314.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
6 Buy
4 Hold
2 Sell
Moderate Buy
Current: 269.090
Low
201.00
Averages
284.58
High
314.00
Current: 269.090
Low
201.00
Averages
284.58
High
314.00
About CME
CME Group Inc. provides a derivatives marketplace. The Company enables clients to trade futures, options, cash and over the counter (OTC) markets, optimize portfolios, and analyze data. It exchanges offer a range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange (FX), energy, agricultural products and metals. It offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and FX trading on the EBS platform. In addition, it operates central counterparty clearing provider, CME Clearing. Its products provide a means for hedging, speculation and asset allocation related to the risks associated with, among other things, interest rate sensitive instruments, and changes in the prices of agricultural, energy and metal commodities. It provides clearing and settlement services for a range of exchange-traded futures and options on futures contracts and OTC derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
