CME Tests Institutional Demand for Sports Index Derivatives

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Wednesday, 29/07/2026 | 15:34 GMT by
Tanya Chepkova

  • Unlike binary event contracts, the planned products will track continuously valued sports performance indices.
  • FutureSports, an independent index administrator, will administer the benchmarks using official data supplied by sports leagues.

bitcoins CME Group

CME Group plans to list futures and options on FutureSports Performance Indexes. The proposed launch would extend sports-linked trading beyond individual event contracts into benchmark-based derivatives for institutional markets.

FutureSports emerged from stealth in July as an independent index administrator backed by CME Ventures, Robinhood, Wedbush and DRW Special Investments. Its board includes former ICE chief operating officer Mark Wassersug and CME executive Tim McCourt.

Unlike prediction market contracts tied to discrete outcomes, the planned products will reference continuously calculated indices measuring the statistical performance of teams and athletes.

The first monthly and quarterly cash-settled futures are expected to begin trading this summer, subject to regulatory review.

From Binary Outcomes to Continuous Benchmarks

FutureSports will administer the indices using rules-based methodologies and officially reported league statistics. The company said its governance and oversight arrangements are designed to align with the IOSCO Principles for Financial Benchmarks. Sports leagues will supply official data but will not determine index values or participate in governance.

The structure creates a different exposure from sports event contracts available through regulated prediction markets. Those products settle on defined results, such as the winner of a match, with their value ultimately converging on an outcome when the event ends.

FutureSports instead aims to produce benchmarks with continuously changing values. Futures and options on those indices would resemble conventional equity-index derivatives in structure, including standard expiries and cash settlement, rather than contracts on whether a particular event occurs.

FutureSports Co-Founder Rhett Dinsdale said the rise of prediction platforms had reinforced the company’s view that sports could have utility as a financial asset class. FutureSports is seeking to package that exposure in benchmark instruments intended for hedging and institutional trading.

A Different Institutional Use Case

CME has already entered retail-facing sports event contracts through FanDuel Predicts. The platform offers yes-or-no contracts on sports results alongside economic and financial events. Kalshi and other regulated prediction markets have also expanded retail participation in sports-linked contracts, creating greater familiarity with exchange-traded exposure to sporting outcomes.

The planned FSPI products target a different use case. FutureSports expects professional trading firms and market makers to provide liquidity, with asset managers and other institutional investors participating. It also identifies sports-related businesses, including insurers and sponsors, as potential users seeking to manage risks connected to changes in sporting performance.

FutureSports has said its indices could eventually support exchange-traded funds and over-the-counter swaps. Those remain future possibilities, while CME’s planned futures and options still require regulatory review.

Prediction markets have expanded regulated trading in individual sports outcomes. CME’s proposed launch now provides a test of whether sports performance statistics can support liquid benchmarks for conventional derivatives and institutional risk transfer.

CME Group plans to list futures and options on FutureSports Performance Indexes. The proposed launch would extend sports-linked trading beyond individual event contracts into benchmark-based derivatives for institutional markets.

FutureSports emerged from stealth in July as an independent index administrator backed by CME Ventures, Robinhood, Wedbush and DRW Special Investments. Its board includes former ICE chief operating officer Mark Wassersug and CME executive Tim McCourt.

Unlike prediction market contracts tied to discrete outcomes, the planned products will reference continuously calculated indices measuring the statistical performance of teams and athletes.

The first monthly and quarterly cash-settled futures are expected to begin trading this summer, subject to regulatory review.

From Binary Outcomes to Continuous Benchmarks

FutureSports will administer the indices using rules-based methodologies and officially reported league statistics. The company said its governance and oversight arrangements are designed to align with the IOSCO Principles for Financial Benchmarks. Sports leagues will supply official data but will not determine index values or participate in governance.

The structure creates a different exposure from sports event contracts available through regulated prediction markets. Those products settle on defined results, such as the winner of a match, with their value ultimately converging on an outcome when the event ends.

FutureSports instead aims to produce benchmarks with continuously changing values. Futures and options on those indices would resemble conventional equity-index derivatives in structure, including standard expiries and cash settlement, rather than contracts on whether a particular event occurs.

FutureSports Co-Founder Rhett Dinsdale said the rise of prediction platforms had reinforced the company’s view that sports could have utility as a financial asset class. FutureSports is seeking to package that exposure in benchmark instruments intended for hedging and institutional trading.

A Different Institutional Use Case

CME has already entered retail-facing sports event contracts through FanDuel Predicts. The platform offers yes-or-no contracts on sports results alongside economic and financial events. Kalshi and other regulated prediction markets have also expanded retail participation in sports-linked contracts, creating greater familiarity with exchange-traded exposure to sporting outcomes.

The planned FSPI products target a different use case. FutureSports expects professional trading firms and market makers to provide liquidity, with asset managers and other institutional investors participating. It also identifies sports-related businesses, including insurers and sponsors, as potential users seeking to manage risks connected to changes in sporting performance.

FutureSports has said its indices could eventually support exchange-traded funds and over-the-counter swaps. Those remain future possibilities, while CME’s planned futures and options still require regulatory review.

Prediction markets have expanded regulated trading in individual sports outcomes. CME’s proposed launch now provides a test of whether sports performance statistics can support liquid benchmarks for conventional derivatives and institutional risk transfer.

bitcoins Tanya Chepkova

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Tanya Chepkova is a News Editor at Finance Magnates with more than 16 years of experience in financial journalism, covering forex, crypto, and digital asset markets. Her work spans daily industry reporting and data-driven, long-form explainers focused on market structure, trading models, and regulatory shifts.

Before joining Finance Magnates, she led the editorial team of a cryptocurrency-focused media outlet for six years. Her reporting combines analytical depth with clear storytelling, with particular attention to how structural changes in trading, stablecoin infrastructure, and emerging products such as prediction markets reshape the broader financial ecosystem. She covers global developments and provides additional insight into CIS markets.

Areas of Coverage:
Crypto and digital asset markets
Prediction markets
Stablecoins and cross-border payments
Industry analysis and long-form explainers

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