US Sport Betting Platform FanDuel to Enter Crypto Prediction Markets
US on-line playing agency FanDuel is launching a brand new prediction markets platform subsequent month with derivatives market CME Group.
Announced Wednesday, the platform will provide occasion contracts on crypto and different benchmarks, together with costs of oil, gasoline and gold.
FanDuel is planning to launch a brand new cell app in December, dubbed FanDuel Predicts, the place customers can place their bets on the end result of crypto, sports activities and financial indicators.
“We can’t wait to convey FanDuel’s confirmed strategy to product innovation into this dynamic sector,” mentioned Amy Howe, CEO at FanDuel.
Derivatives market CME Group will provide derivatives and threat administration experience, creating a singular platform that bridges leisure and monetary markets.
“Our partnership with CME Group permits us to leverage their deep market experience constructed over many years whereas delivering the seamless, accessible and trusted expertise our clients count on,” Howe added.
Crypto Prediction Markets on the Rise
The transfer arrives at a time when crypto-native betting platforms are on the rise. Per a Crypto.com analysis, prediction markets generated over US$27.9 billion in buying and selling quantity between January to October 2025.
Last week, sources mentioned that the Gemini exchange will launch prediction market contracts, competing with dominant gamers, together with Kalshi and Polymarket.
Meanwhile, Robinhood is entering the arena after reporting a document quarterly income in Q3 from crypto and choices buying and selling.
“This is indicative of a development we’re seeing the place increasingly trade gamers are taking discover of the prediction market house,” James Newman, Chief Corporate Affairs Officer at Chiliz, instructed Cryptonews.
According to Newman, the problem lies in how corporations combine into prediction markets sustainably, whereas balancing innovation with accountability.
Polymarket Becomes Yahoo Finance’s Exclusive Crypto Prediction Market Platform
Elsewhere, the highest prediction marketplace for Crypto, Polymarket, has announced a new partnership with Yahoo Finance, changing into its unique supplier for crypto prediction market.
The collaboration will provide real-time insights based mostly on Polymarket’s bets to Yahoo Finance customers.
Polymarket and its rival Kalshi confirmed record volume growth within the latest previous, forming vital alliances and partnerships.
“Sustainable integration means creating an ecosystem that fosters deeper connections, the place followers will not be simply spectators however are empowered as stakeholders,” Newman instructed Cryptonews. “This is the place the way forward for all fan engagement lies.”
The publish US Sport Betting Platform FanDuel to Enter Crypto Prediction Markets appeared first on Cryptonews.
