Super Bowl Parlays Heading to DraftKings, FanDuel Prediction Markets

• CME self-certifies multi-leg bets in CFTC filing
• The exchange operator is FanDuel’s prediction markets partner
• It’s also one of the exchanges to which DraftKings Predictions connects

Super Bowl combos — prediction market nomenclature for parlays — could be available on the event contracts platforms operated by DraftKings and FanDuel as soon as tomorrow.

That after CME Group (NASDAQ: CME) self-certified multi-leg Super Bowl event derivatives in a new filing with the Commodities Futures Trading Commission (CFTC) –– the federal regulator overseeing prediction markets in the US.

Under that process, a prediction market or exchange operator in the case of CME alerts the CFTC to its plans to bring new contracts to market. Those filings include a date on which the company intends to offer the derivatives. If the commission doesn’t respond before that date, those new event contracts are made available to customers.

Super Bowl Could Be Big for Prediction Markets

Some analysts are forecasting a modest downturn in overall Super Bowl wagering while acknowledging some of the pressure on traditional sportsbooks comes by way of prediction markets. Slated for Sunday, Feb. 8, Super Bowl LX marks the first edition of the big game where event contract platforms will feature broad sports menus, including parlays.

FanDuel Predicts, the prediction market platform of CME Group and the sportsbook giant, debuted in five states last month and is now available in all 50. The app, which is separate from the standard FanDuel sportsbook app, features sports event contracts in just 18 states. California, Florida, Georgia, and Texas are part of that group.

FanDuel, a unit of Flutter Entertainment, and Chicago Mercantile Exchange owner CME Group announced their partnership last August.

CME Tapping Into Hockey Event Contracts

While the NHL trails the NFL, NBA, and Major League Baseball in terms of betting handle, the top pro hockey league was the first of its counterparts to widely embrace prediction markets, inking deals with Kalshi and Polymarket.

Whether or not that stokes increased interest among prediction markets bettors and traders remains to be seen, but CME is rolling the dice. The exchange operator is also attempting to self-certify derivatives on Olympic hockey games and medal counts, indicating those are the only Olympic events it will feature on the DraftKings and FanDuel platforms.

As for the Grammy contracts, those are as follows: Album, record, and song of the year and best new artist.