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FanDuel will enter the event-contract space later this year with a new product aimed at players in states without legal mobile sports betting. The company confirmed plans for FanDuel Predicts, a standalone app launching in December with simple contract-style markets based on sports outcomes, or in other words sports trading.
Good to Know
FanDuel confirmed Wednesday that FanDuel Predicts will launch in December as a standalone app. The product targets the nineteen states still without legal online sports betting, giving players a way to participate in sports-based prediction markets covering baseball, football, basketball, and hockey.
The new app will only function in jurisdictions without legal mobile sportsbooks and must be accessed off tribal lands. If a state eventually legalizes online sports betting, FanDuel said it will stop offering event contracts there.
FanDuel Predicts will allow users to buy or sell outcome-based contracts priced from $0.01 to $0.99. These markets resemble simplified prediction contracts that settle based on whether a result occurs, such as a team winning or a player hitting a performance threshold.
FanDuel entered a partnership with CME Group in August, marking a key step toward expanding the event-contract category. CME Group is a federally certified derivatives marketplace with deep experience in commodities and economic indicators.
The earlier announcement focused on oil, gas, gold, crypto, and other economic data. FanDuel reaffirmed Wednesday that it still intends to offer event contracts tied to those sectors in addition to sports.
FanDuel CEO Amy Howe said:
“We can’t wait to bring FanDuel’s proven approach to product innovation into this dynamic sector. Our partnership with CME Group allows us to leverage their deep market expertise built over decades while delivering the seamless, accessible and trusted experience our customers expect.”
Every user must complete FanDuel’s full Know Your Customer onboarding process, including identity documents, home address, date of birth, Social Security number, and banking details.
The operator also said that deposit limits, alerts, and self-exclusion tools available across FanDuel products will extend to FanDuel Predicts.
Event contracts function much like markets on Polymarket or Kalshi, though with tighter restrictions around location and licensing. Players can buy long or short positions depending on how they expect an event to end.
Only players in states without legal mobile sportsbooks. Tribal land access is not permitted.
Baseball, football, basketball, and hockey, with markets tied to winners, spreads, and select player performances.
No. FanDuel said it will remove event contracts in that state when mobile sports betting becomes legal.
CME supports event contracts tied to commodities, crypto, and other indicators, which FanDuel will also offer alongside sports.
Players must complete full KYC checks and gain access to tools like deposit limits and self-exclusion across all FanDuel products.