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Derivatives marketplace CME Group and gaming company FanDuel announced a new partnership, spawning an events platform.
Building on CME Group’s background in financial products and FanDuel’s customer base in the gambling space, the platform will offer fully-funded, event-based contracts with defined risk. Customers will be able to wager on a variety of markets on simple ‘yes’ or ‘no’ bets, starting from as low as $1.
The products are expected to launch later this year, featuring market-based benchmarks like the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and other key economic indicators, such as GDP and CPI. There’s also a promise of further markets to be determined in the coming months, with more coming after launch as well.
“Individual investors are increasingly sophisticated and continually pursuing new financial opportunities,” said Terry Duffy, CME Group Chairman and Chief Executive Officer. “To meet this demand, we have created this innovative partnership, which will operate a non-clearing FCM. Together, our event-based products will appeal to the growing public interest in markets, and we will provide education to attract a new generation of potential traders not active in derivatives today.”
FanDuel seeking partnerships throughout the gaming space
To bring the platform to customers, the two companies will create a new joint venture together, operating a non-clearing futures commission merchant (FCM) that will facilitate access to these event-based contracts via FanDuel, which was recently sold to gaming giant Flutter.
“Partnering with CME Group will unlock our ability to bring even more new and engaging products to FanDuel’s fast-growing customer base,” said Amy Howe, CEO of FanDuel Group. “We believe there is potentially a wide audience for trading event-based markets and we want to provide a platform that allows our customers to engage in this activity.
“We are excited to be partnering with CME Group to design new and engaging products, combining innovation with best-in-class regulatory compliance and consumer protections.”
This wouldn’t be the only partnership FanDuel is rumoured to be pursuing, with news swirling about a potential partnership with predictions market Kalshi.
Featured image: CME Group/FanDuel
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A soccer coach from Conestoga High School, David Zimmerman, has been suspended after it was found that he was making prop bets on basketball students. The nationally recognized coach didn’t have students using apps like FanDuel or DraftKings, but a tiny operation that apparently exchanged as little as $10.
What appears to be a small bit of fun between coach and players has spiralled out into scandal, as prop bets become a more scrutinized element of sports. Prop bets are a form of gambling that focuses less on wins and losses, but more on actions taken during a game. According to the Inquirer, it was done via “little slips of paper”. No money was made, outside of the $10 exchanged.
Now, the school has updated its code of conduct to include a ban on any form of gambling on campus grounds. The main concern around the prop bet scandal is the encouragement of gambling to students, which some officials believe could lead to gambling addiction.
Rise of prop bets concerning, according to officials
Quoted in the Inquirer, Harry Levant, director of gambling policy at Northeastern University’s Public Health Advocacy Institute, said:
“If someone in a position of respect and authority is introducing kids to an addictive substance and somehow normalizing that or minimizing its significance.
“That person either doesn’t understand the human brain and how addiction works or they’re disregarding their position as a person in authority.”
“Neither would be acceptable to me.”
Sports gambling has become a prevalent issue, with adolescents becoming involved with it sooner, thanks to the rise of gambling apps like the aforementioned DraftKings. Additionally, the NCAA (National Collegiate Athletic Association) is seeking to ban prop bets by lobbying the federal government. It’ll be an uphill battle, as the form of gambling has become immensely powerful over the last few years.
Featured image: Wikimedia Commons
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Bragg, a provider of iGaming and online gambling technologies, was hit with a cyberattack on August 16. The company has now released its post-mortem report, which, for now, looks like the company got off lightly.
From the outset, it appears that customer data wasn’t accessed. As Bragg provides the technologies for multiple iGaming companies, this could have been catastrophic if hit. Bragg provides several different products, including Hub, which is described as:
“Quick and frictionless iGaming product delivery solution via a single integration point, enabling on-the-spot access to exclusive as well as aggregated casino content and leading sportsbook integrations and data solutions, all with automatic access to Fuze promotional tools for casino, sportsbook and lottery.”
Fuze is a tool for tracking engagement, specifically so that platforms can change how they operate based on the information it provides. Bragg also makes its own games via in-house studios and “content partners”.
It also provides PAM, a Player Account Management software, which presumably carries key information that a hacker would be after.
The question and answer page is thin on any other details surrounding the attack. Bragg does admit that it “engaged additional external cybersecurity experts”, who provided further support through “technical and forensic” investigations.
In response to this, Bragg clears up what steps it’s taking next to avoid another cyberattack of this type. In the post, Bragg states:
“Cybersecurity has always been a top priority at Bragg with industry leading cybersecurity protection measures in place. We continue on an ongoing basis to invest in and enhance our resilience.
“We will use the insights gained to enhance our security posture and better protect our systems.”
However, Bragg has said it is “unable to say” who did the attack on the company. Hackers will often try their best to cover their tracks, which appears to be the case here.
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Prosecutors involved with the case surrounding the baseball star, Shohei Ohtani, and his interpreter, who stole $17 million to pay off his gambling debts, are seeking a more lenient sentence for the bookkeeper involved.
Ohtani, a baseball star for the Los Angeles Dodgers, had $17 million stolen from him by his interpreter, Ippei Mizuhara, to pay off gambling debts.

A quick clip from my interview with Shohei Ohtani's Interpreter's Bookie, Mathew Bowyer. This is less than one minute of an incredible interview. No script and no rules for a man set to be sentenced on 8/29/25. I will be posting the full interview next week @WeAreExclaim follow… pic.twitter.com/lBqFaIDyzC

— Dan Real (@danreal21) August 17, 2025

Now, Mathew Bowyer, who facilitated the large-scale bets and laundered some of the cash through Resorts World in Las Vegas, could be getting off lighter than expected. This is in part thanks to his admission of fault, including the operation of an illegal gambling ring, money laundering, and even avoiding his taxes.
According to the court document, he had left off $4 million from his income tax. Despite the list of crimes, his sentence is being reduced due to his assistance to the government. Originally expected to receive up to 51 months in prison, the current documents argue for Bowyer to only serve 15 months. As well as helping out the feds, Bowyer has no criminal history on record.
Ohtani interpreter’s bookie said he looks like a “rat”
In the Nevada Current, Bowyer said on Monday that he looked like “a rat”, but claims to have never directly cooperated against other bookkeepers involved. His phone was taken, which had all the conversation and information that the prosecutors needed. However, he did attempt to incriminate Resorts World Las Vegas executives and hosts who helped facilitate parts of the embezzlement.

Shohei Ohtani crushes his 44th home run 💪 pic.twitter.com/COf7roPmyA

— MLB (@MLB) August 20, 2025

Speaking with the Current, a government source and high roller, Robert Cipriani said:
“I met with Matt Bowyer over a year ago, and he said he told his lawyer he wasn’t giving up his players or his friends, just the dirty casino executives.”
In the aftermath, MGM was fined $7.45 million and had to pay up $8.5 million to regulators in Nevada. Resorts World, however, was fined $10.5 million. Bowyer is expected to be sentenced next month.
Featured image: Mathew Bowyer via Instagram
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Sportradar and Bundesliga International have now made live player markets possible throughout the matches, along with other features.
Sportradar and Bundesliga International’s partnership dates back to 2005, but this new soccer season will feature the all-new additions for the first time.
The team behind the sports technology brand, Sportradar, has utilized the 3.6 million data points from every Bundesliga match and announced the launch of a suite of products.
These have been introduced ahead of the 2025-2026 Bundesliga season, which is set to return this weekend. The Bundesliga is a soccer league in Germany and is the highest level of the German soccer league system.

Now available: Sportradar 4Sight for #soccer
Patrick Mostboeck explains how our streaming tech is helping our clients transform their @Bundesliga_DE offering for fans worldwide.
Learn how to bring your fans closer to the action: https://t.co/7WniOxeMdV pic.twitter.com/MQSiPkWe9e
— Sportradar (@Sportradar) August 20, 2025

“The Bundesliga is always looking to innovate and, working with Sportradar, we lead the way when it comes to enhancing our media product for the betting and gaming industry,” said Peer Naubert, Chief Executive Officer of Bundesliga International.
“This long-term relationship lays the foundation for creating new ideas and staying ahead of the curve, and we’re excited to see the fruits of that labour come to life with this latest launch.”
What are the new Sportradar and Bundesliga features?
The new features include live player markets, with around 250 additional opportunities to bet per match. This has been made possible through leveraging Bundesliga tracking data and the company’s AI capabilities in real-time.
The streaming technology, 4Sight Streaming, is another new addition which will allow betting operators to incorporate AI-driven animated overlays and insights into a live stream. This introduction aims to improve the viewing experience by increasing understanding of live match action.

With this week’s return of the @Bundesliga_DE, Rainer Geier highlights our collaboration with the German league and how we’ve created immersive experiences to enhance fan engagement for the betting & gaming market. Learn more: https://t.co/IoT9MKSGPq pic.twitter.com/ETPeDdjmKT
— Sportradar (@Sportradar) August 19, 2025

An enhanced live match tracker has also been announced, which is powered by tracking data and computer vision to provide in-play betting opportunities directly within the betting app.
“We are thrilled to further deepen our collaboration with Bundesliga, one of the most popular soccer leagues in the world,” said Patrick Mostboeck, SVP Fan Engagement at Sportradar.
“Over the course of our nearly twenty-year relationship, we’ve worked together to develop some of the most innovative and engaging soccer solutions for fans across the globe. And we continue to work together to power new ways to engage audiences and deliver unmatched value to the global soccer ecosystem.”
Featured Image: AI-generated via Ideogram
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