FanDuel Launches Prediction Market App in Five States
FanDuel has launched a prediction market app, FanDuel Predicts, in five states as it expands beyond its core sportsbook and casino business.
The product is being rolled out with CME Group and starting in North Dakota, South Dakota, South Carolina, Alabama, and Alaska, with a wider expansion expected into early 2026.
The FanDuel Predicts platform allows users to trade on outcomes of sporting, cultural, and financial events.
The app can be downloaded on both iOS and Android. New users are required to complete FanDual’s Know Your Customer (KYC) checks and provide personal information such as a government ID.
Priced from $0.01 to $0.99, event contracts are structured around binary outcomes, allowing customers to buy or sell positions by choosing “Yes” or “No.”
FanDuel and CME Group said the platform will cover financial markets in all 50 states as it grows.
The selection features contracts linked to the S&P 500 and Nasdaq-100, as well as commodities and cryptocurrencies. It also tracks economic benchmarks like inflation data and GDP.
For sports, the offerings will cover the four major professional leagues, though availability is limited to states where online sports betting remains illegal and excludes tribal territories.
FanDuel confirmed that the app will feature responsible gaming tools such as self-exclusion options, along with access to mental health services through Kindbridge Behavioral Health.
Prediction markets let users trade contracts based on other real-world outcomes, not just sports.
Based in Chicago, CME Group operates several major derivatives markets, such as the Chicago Mercantile Exchange. Its global electric platform is used by both financial institutions and individual traders.
For FanDuel, the partnership links the app’s event contracts to an exchange overseen by the Commodity Futures Trading Commission (CFTC).
This federal oversight provides a legal framework for FanDuel to offer these markets in states where online sports betting is still prohibited.
CME Group’s president, Lynne Fitzpatrick, said the partnership is aimed at widening access to its prediction market products:
CME Group prediction markets will enable a new generation of users to express their views on global benchmarks, economic indicators, sports and more. This launch is a pivotal step for expanding the reach of our products to FanDuel’s millions of registered users across the U.S.
Waves of Launches Crowd the Prediction Market Sector
Trading based on real-world outcomes is expanding rapidly. Prediction markets now see monthly volumes in the billions and are forecast to approach $1 trillion by the end of the decade.
The products gained wider attention during the 2024 presidential race and have since drawn new investment as more platforms position them as a way to trade on real-world outcomes.
Popularity has also surged in states where online sports betting has not been legalized. Sports-related event contracts have provided a new way to take positions on games outside related frameworks.
Competition has intensified late in 2025 as major sportsbooks enter the space, with Fanatics on December 3 and DraftKings just a few days before FanDuel’s debut.
A broader mix of players beyond traditional iGaming films is also seeking a foothold.
Coinbase has just announced it would buy prediction market startup The Clearing Company, joining other recent entrants like Crypto.com and Interactive Brokers.
James Cooper, a senior vice president at FanDuel, described the launch as a test phase ahead of wider expansion:
This launch in five states will provide valuable insights into customer engagement with this new platform, enabling us to refine our approach as we expand to additional states in 2026.
