FanDuel and CME launch FanDuel Predicts platform, expanding prediction markets across financial indicators, sports events, and U.S. access
FanDuel and CME launch FanDuel Predicts platform, expanding prediction markets across financial indicators, sports events, and U.S. access
FanDuel and CME Group launch FanDuel Predicts Platform, marking a significant step in the evolution of prediction markets for U.S. consumers. Following their alliance announced in August and earlier confirmation that sports event contracts would debut in December, the online gaming giant and derivatives market operator have now brought the new platform to market. Initially, FanDuel Predicts is going live in five U.S. states, including Alabama, Alaska, South Carolina, North Dakota, and South Dakota, while a phased national rollout will continue over the coming weeks and into early 2026.
Through this launch, FanDuel Predicts aims to expand access to both financial and sports-related markets for millions of customers nationwide. Moreover, the move positions FanDuel and CME Group in direct competition with existing prediction market players such as Kalshi, which underpins Robinhood’s event contracts offering. At the same time, competition continues to intensify as CME rival Cboe advances its own strategy in this space, recently appointing former tastytrade President JJ Kinahan to oversee alternative investment products for retail users. Meanwhile, traditional gaming competitors, including DraftKings, are also pushing further into prediction markets.
FanDuel Predicts offers users a dedicated mobile platform to express their views on major developments across financial markets, cultural moments, and sports. The app is available via the Apple App Store and Google Play and integrates FanDuel’s established “Know Your Customer” process. As a result, customers must submit personal and banking information along with a government-issued ID before trading. Once registered, users can buy or sell event contracts priced between $0.01 and $0.99 by selecting “Yes” or “No” on whether an event will occur.
The platform plans to offer event contracts nationwide on benchmarks such as the S&P 500, Nasdaq-100, commodities, cryptocurrencies, and key economic indicators like GDP and CPI. In addition, it will provide sports-related contracts in states where online sports betting remains illegal, excluding tribal lands. However, as new states legalize sports betting, FanDuel Predicts will withdraw sports contracts in those jurisdictions. James Cooper, Senior Vice President of Flywheel and New Ventures at FanDuel, said, “We’re giving our customers a new platform to engage with the world around them, whether that’s the next Fed rate decision or a sports event. He added that the initial launch will help refine the product ahead of broader expansion.”
Lynne Fitzpatrick, President and Chief Financial Officer at CME Group, stated, “This launch is a pivotal step for expanding the reach of our products to FanDuel’s millions of registered users across the U.S.” In parallel, FanDuel confirmed that it will extend its consumer protection measures to the new app, allowing users to set deposit limits, receive alerts, or self-exclude, while also offering access to mental health services through Kindbridge Behavioral Health.
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