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Cboe Will Skip Sports Betting, CEO Says

CBOE
Management & GovernanceCompany FundamentalsDerivatives & VolatilityFutures & Options

CBOE Global Markets CEO Craig Donohue said at the FIA Global Cleared Markets conference in Boca Raton that the company is not interested in the sports betting market (source: Bloomberg). This is a clear strategic stance that suggests CBOE will not pursue sports-betting-related revenue diversification or M&A, with minimal expected impact on its core derivatives and options businesses or on market prices.

Analysis

CBOE Global Markets CEO Craig Donohue said at the FIA Global Cleared Markets conference in Boca Raton that the company is not interested in the sports betting market (source: Bloomberg). This is a clear strategic stance that suggests CBOE will not pursue sports-betting-related revenue diversification or M&A, with minimal expected impact on its core derivatives and options businesses or on market prices.

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