FanDuel Predicts Launches in Five States in Partnership with CME Group
FanDuel, arguably the largest identify in on-line playing, made its official prediction markets debut with the launch of FanDuel Predicts in 5 states on Monday.
Like their principal sports activities betting and DFS rival, DraftKings, FanDuel is launching its preliminary prediction markets in partnership with CME Group, one of many world’s main derivatives marketplaces. The new platform will permit prospects to “specific their views on the day’s greatest tales throughout monetary indicators, cultural moments and sports activities,” based on the press release.
Once registering an account on FanDuel Predicts, customers can “purchase or promote occasion contracts ranging in value from as little as $0.01 to $0.99 by selecting ‘Yes’ in the event that they suppose an occasion will occur or ‘No’ in the event that they don’t,” the press launch explains.
FanDuel is the third conventional on-line sports activities betting firm to enter regulated prediction markets. The launch carefully follows DraftKings Predictions roll out final week, and Fanatics Markets’ preliminary launch in early December.
FanDuel Predicts launch particulars
As of Monday, the FanDuel Predicts marketplace is barely accessible in a handful of states, with extra state launches to comply with in 2026. The preliminary 5 states embody:
- Alabama
- Alaska
- South Carolina
- North Dakota
- South Dakota.
“We’re giving our prospects a brand new platform to interact with the world round them – whether or not that’s the subsequent Fed price choice or a sports activities occasion,” mentioned James Cooper, Senior Vice President, Flywheel and New Ventures at FanDuel, in the announcement. “This launch in 5 states will present beneficial insights into buyer engagement with this new platform, enabling us to refine our method as we broaden to further states in 2026.”
FanDuel Predicts will likely be accessible in the Apple App Store and Google Play Store. The app integrates FanDuel’s “Know Your Customer” sign-up course of, which requires customers to offer extra data than only a identify and an electronic mail deal with. To enroll, prospects might want to submit their birthdate, Social Security quantity, house deal with, banking data, and a government-issued ID.
“CME Group prediction markets will allow a brand new era of customers to specific their views on world benchmarks, financial indicators, sports activities and extra,” mentioned Lynne Fitzpatrick, President and Chief Financial Officer, CME Group. “This launch is a pivotal step for increasing the attain of our merchandise to FanDuel’s thousands and thousands of registered customers throughout the U.S.”
Prediction markets play may very well be key for guardian firm Flutter
The FanDuel Predicts launch additionally comes as information of one other branded enterprise, the FanDuel Sports Network, is struggling. Main Street Sports Group, the proprietor of the FanDuel-branded regional sports activities networks, reportedly missed a December rights fee to the St. Louis Cardinals, the Sports Business Journal recently reported.
Main Street Sports Group is “working to finalize a fancy strategic funding that may flip DAZN into the bulk proprietor” of the FanDuel Sports Network, per SBJ. They’ve but to fulfill DAZN’s circumstances, and if the deal falls by means of, Main Street will reportedly shut its doorways however is not going to file Chapter 11 chapter once more. And this implies 13 NBA staff’s native broadcasts will likely be in jeopardy proper in the center of the season.
Main Streets Sports Group’s incapability to discover a purchaser would unlikely have an effect on FanDuel and its new prediction markets.
FanDuel’s guardian firm Flutter inventory ($FLUT) is up round 1% at $224.85 instantly following the brand new product launch. The actual influence on the enterprise, nonetheless, stays to be seen as FanDuel rolls out prediction markets to thousands and thousands extra prospects and extra rivals launch into 2026.
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