Bitcoin.com
CME Loses Sports Business to Crypto.com, Keeps Only Financial Markets
August 6, 2026•06:47 PM
CME Group, the financial derivatives giant, has lost the sports prediction market battle to Crypto.com. The company will route all sports and novelty contracts from Fanduel Predicts to Crypto.com's exchange, leaving CME with only financial markets in a joint venture it majority-owns. This decision came three weeks after CME's CEO stated that many sports prediction markets amount to gambling.
The move represents a significant blow to CME in its expansion into the cryptocurrency and sports prediction sectors. Flutter Entertainment, which owns Fanduel, generated $6 million in market-making revenue from this operation. Crypto.com strengthens its position in the cryptocurrency market and expands its reach into the sports betting and gaming industry, while CME focuses on its traditional strengths in regulated financial markets.
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