FanDuel Rolls Out Prediction Markets App in Five States Through CME Group Partnership
FanDuel has officially entered regulated prediction markets with the launch of FanDuel Predicts, rolling out the new product in five states on Monday. The company, one of the largest names in US online wagering, is partnering with derivatives giant CME Group—mirroring a similar approach recently taken by rival DraftKings.
FanDuel says the new marketplace is designed to let users take positions on outcomes tied to major moments across financial indicators, cultural topics, and sports. Instead of traditional wagers, customers buy or sell event contracts priced between $0.01 and $0.99, selecting “Yes” if they think an event will happen and “No” if they don’t. The structure closely resembles binary-style event markets, where prices shift based on supply, demand, and perceived probability.
At launch, FanDuel Predicts is available only in Alabama, Alaska, South Carolina, North Dakota, and South Dakota. The company said additional state launches are planned for 2026, using the early rollout to study customer engagement and fine-tune the product before expanding.
The app is expected to be distributed through major mobile app stores and uses FanDuel’s existing identity verification flow. Registration requires more than basic account details, including date of birth and additional documentation, reflecting the compliance standards tied to regulated financial-style products.
The move makes FanDuel the latest major operator to step into prediction markets, following recent launches from DraftKings and Fanatics. The debut also lands as separate headlines swirl around the FanDuel-branded regional sports networks, where the operating company has faced reported payment and ownership uncertainty—an issue that appears operationally separate from FanDuel’s core betting and new prediction-markets push.
For parent company Flutter, the longer-term question is whether prediction markets become a meaningful new growth lane as more competitors arrive in 2026.