CME Enters the Sports Betting Market: A New Casino for Traditional Finance?🎲

CME Group Inc. plans to launch financial contracts linked to sports events and economic indicators by the end of this year, directly competing with prediction market platforms like Kalshi and Polymarket. This is not an innovation; rather, the traditional finance giant #CME has sensed the gambling nature of retail investors in the prediction market and is eager to bring everything that can be wagered under its regulated 'casino.' They do not care about 'decentralization'; they only care about how to expand their harvesting scope. This indicates that more traditional capital will flow in, but ultimately, it will just be a new battlefield for the giants to harvest retail investors. #predictionmarket #TradFi #CMEGroup