{"id":133867,"date":"2025-12-26T12:42:01","date_gmt":"2025-12-26T12:42:01","guid":{"rendered":"https:\/\/peakycasino.net\/?post_type=news&p=133867"},"modified":"2025-12-26T12:42:01","modified_gmt":"2025-12-26T12:42:01","slug":"fanduel-launches-prediction-market-app-in-five-states","status":"publish","type":"news","link":"https:\/\/peakycasino.net\/news\/fanduel-launches-prediction-market-app-in-five-states\/","title":{"rendered":"FanDuel Launches Prediction Market App in Five States"},"content":{"rendered":"

FanDuel has launched a prediction market app, FanDuel Predicts, in five states as it expands beyond its core sportsbook and casino business.<\/p>\n

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.<\/p>\n

The FanDuel Predicts platform allows users to trade on outcomes of sporting, cultural, and financial events.<\/p>\n

The app can be downloaded on both iOS and Android. New users are required to complete FanDual\u2019s Know Your Customer (KYC) checks and provide personal information such as a government ID.<\/p>\n

Priced from $0.01 to $0.99, event contracts are structured around binary outcomes, allowing customers to buy or sell positions by choosing \u201cYes\u201d or \u201cNo.\u201d<\/p>\n

FanDuel and CME Group said the platform will cover financial markets in all 50 states as it grows.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\"prediction

Prediction markets let users trade contracts based on other real-world outcomes, not just sports.<\/p><\/div>\n

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.<\/p>\n

For FanDuel, the partnership links the app\u2019s event contracts to an exchange overseen by the Commodity Futures Trading Commission (CFTC).<\/p>\n

This federal oversight provides a legal framework for FanDuel to offer these markets in states where online sports betting is still prohibited.<\/p>\n

CME Group\u2019s president, Lynne Fitzpatrick, said the partnership is aimed at widening access to its prediction market products:<\/p>\n

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\u2019s millions of registered users across the U.S.<\/p><\/blockquote>\n

Waves of Launches Crowd the Prediction Market Sector<\/h2>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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\u2019s debut.<\/p>\n

A broader mix of players beyond traditional iGaming films is also seeking a foothold.<\/p>\n

Coinbase has just announced it would buy prediction market startup The Clearing Company, joining other recent entrants like Crypto.com and Interactive Brokers.<\/p>\n

James Cooper, a senior vice president at FanDuel, described the launch as a test phase ahead of wider expansion:<\/p>\n

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.<\/p><\/blockquote>\n","protected":false},"author":11,"featured_media":133868,"parent":0,"template":"","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"fanduel prediction market app launch","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"FanDuel has launched FanDuel Predicts in five states with CME Group, allowing users to trade event contracts tied to sports, cultural, and financial outcomes.","_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_meta-robots-adv":"","_yoast_wpseo_bctitle":"Fanduel Prediction Market App 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