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Cboe plans predictions market offering without sports products, Bloomberg says

Cboe Global (CBOE) intends to release its own prediction markets offering within months, but unlike its competitors intends to avoid products related to sports for the time being, Bloomberg’s Katherine Doherty, Katie Greifeld, Bernard Goyder, and Isis Almeida report. The derivatives exchange operator is the latest exchange company to enter the rapidly-growing prediction market sector, which offers federally regulated event contracts that mimic typical gambling products, the authors say. Publicly traded companies in the sports gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

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