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Investing.com -- CME Group Inc (NASDAQ:CME) stock rose 1.9% in after-hours trading Thursday after Bloomberg reported that the derivatives exchange operator is preparing to launch new financial contracts tied to sports games and economic indicators.
The Chicago-based company plans to debut these new products by the end of the year, according to Bloomberg, citing people familiar with the matter. The contracts would be released to the public through future commission merchants.
This strategic move would position CME in more direct competition with prediction market platforms Kalshi and Polymarket, which have been gaining traction in the financial mainstream. Both competing platforms have received backing from Donald Trump Jr., who serves as an adviser to the companies.
CME Group, known primarily for its futures and options markets across asset classes including interest rates, equity indexes, and commodities, appears to be expanding its product offerings to capture growing interest in alternative trading instruments.
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