Flutter rises on CME deal to launch market betting product
Flutter Entertainment (FLUT) shares gained after it partnered with CME Group to launch financial market betting for FanDuel users. The joint venture will offer yes/no wagers on indices, gold, GDP or CPI data, extending fantasy sports into prediction markets. Retail sentiment on Stocktwits was bearish for Flutter but bullish for CME. Flutter is up 14% YTD, CME 18%.