CME chief distinguishes its contracts from sportsbook-style prediction markets
By The Weekly Edge desk ·
Summary
CME Group chief executive Terry Duffy described some sportsbook-style prediction markets as gambling, Gambling Insider reported. He distinguished those products from CME’s sports-event contracts, shortly after the exchange certified additional sports contracts.
Why it matters
Duffy drew a distinction between CME’s sports contracts and some other prediction-market products.