The FanDuel-branded prediction market is teed up to launch soon - perhaps real soon.
- FanDuel is preparing to launch its “FanDuel Predicts” prediction market as a standalone app, starting with a basic product in a limited number of states.
- The platform is a partnership with CME Group, which is self-certifying sports event contracts that enable a form of sports wagering even in non-sports betting states.
- FanDuel aims to compete with existing prediction platforms and views prediction markets as both a major growth opportunity and a bridge toward broader U.S. legalization of sports betting and iGaming.
FanDuel's owner, Flutter Entertainment, indicated last month that “FanDuel Predicts, a new prediction market product which will include sports in states without access to regulated sports betting,” would launch in December.
So it’s no secret that a FanDuel-branded prediction market is coming soon. There are more and more signs that the launch is drawing nearer and nearer.
From FanDuel-owner Flutter Entertainment's Q3 earnings release:
— Geoff Zochodne (@GeoffZochodne) November 12, 2025
"FanDuel Predicts, a new prediction market product which will include sports in states without access to regulated sports betting, to launch in December."
On Thursday, an analyst at investment bank Citizens said in a note to clients that they visited FanDuel's headquarters in New York City, and that “prediction markets were relevant during our conversation ahead of the company launching its U.S. offering in the next week or two.”
“FanDuel Predict(s) will be limited to only several states at launch, with a basic product offering, before launching more materially by the end of the month and reaching offering parity to its comps during (the first quarter of 2026), including pre-packaged combos/ parlays and player props,” the note added.
Additionally, FanDuel’s partner in prediction markets, Chicago-based derivatives giant CME Group, has recently been self-certifying sports-related event contracts.
Those federally regulated products make it possible to facilitate a de facto form of sports wagering in all 50 states, which accounts in large part for the recent rise of and interest in prediction markets.
A footnote in Flutter's Q3 results says that its prediction market partner in the U.S., CME Group, will get ~50% of the gross revenue generated by FanDuel Predicts. pic.twitter.com/wgN2ihafMI
— Geoff Zochodne (@GeoffZochodne) November 12, 2025
For example, CME filed the paperwork for "Pro Hockey Games, and Men’s College Basketball Games" event contracts with the Commodity Futures Trading Commission (CFTC) on Dec. 10. The filings said the submission will become certified Dec. 12 and that the "initial contracts" to be listed are for games on Dec. 13 and Dec. 14.
There is also a "FanDuel Prediction Markets LLC" that is an approved member of the National Futures Association, a self-regulatory body, and described by the NFA as a CFTC-registered "Futures Commission Merchant."
An FCM is an entity that solicits or accepts “orders for the purchase or sale of any commodity for future delivery,” including event contracts.
What a coincidence!
The business address of FanDuel Prediction Markets LLC on the NFA registry is the same as that of the headquarters of CME Group, in Chicago. Furthermore, the company was formerly known as F&O Financial LLC, which is a CME subsidiary.
A FanDuel spokesperson told Covers on Thursday that they have nothing to add beyond what they shared in a November press release.
“FanDuel Predicts will launch in December as a standalone mobile application,” the release said. “Subject to appropriate regulatory filings, the app will provide access to sports event contracts across baseball, basketball, football, and hockey. In states where online sports betting is not yet legal, customers who are not on tribal lands will be able to trade event contracts on the outcome of sporting events. As new states legalize online sports betting, FanDuel will cease offering sports event contracts in those states. In addition to sports, event contracts will be offered on benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and CPI.”
So, to sum it up, it sure looks like the decks are being cleared for the launch of FanDuel Predicts, and that the launch could be pretty soon.
That launch will mean one of the biggest players in online sports betting in the U.S. will officially add prediction markets to its U.S. product line. It will also enable FanDuel to offer a basic form of sports wagering in states where online sportsbooks have not been authorized.
Moreover, it will allow FanDuel to catch up to some of its competitors. The launch of FanDuel Predicts will follow prediction market launches by smaller sports betting players, namely Fanatics and Underdog, which are already collecting customers with their exchange platforms.
FanDuel Predicts will also compete against pure prediction market players, such as Kalshi and Polymarket. The latter has begun relaunching in the U.S. regulated market recently, and Polymarket's offshore platform was projecting, as of Thursday afternoon, that the likelihood of FanDuel launching with CME this year was nearly 60%.
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Don't be mad
Prediction markets are technically peer-to-peer exchanges where users can buy and sell “yes” or “no” contracts tied to certain event outcomes, including sports-related ones. While the legality of sports event contracts is being challenged by state gambling regulators, they are, for now, widely available across the U.S. under the federal regulatory umbrella of the CFTC.
This has made prediction markets irresistible for online sportsbook operators, which have long coveted access to markets like California and Texas. It also puts them at risk of pushback from state gambling regulators, although FanDuel and DraftKings (which plans to launch its own prediction platform) have said they are taking care not to jeopardize their existing, state-regulated businesses.
How this approach will land and be handled by state regulators and tribal gaming officials remains to be seen. For instance, James Siva, chairman of the California Nations Indian Gaming Association, said Wednesday during the Indian Gaming Association’s “New Normal” webcast that California’s attorney general is considering legal action against prediction markets.
A little leverage
Nevertheless, FanDuel’s prediction market is poised to grab a decent share of the prediction market.
To do so, the online sports betting giant is prepared to spend a considerable amount of money. Flutter told shareholders last month that its prediction market-related investment will be “meaningful,” including a hit to adjusted earnings of as much as $350 million over the next year.
For FanDuel, it’s worth it. The operator even sees prediction markets as nudging holdout states toward legalization of sports betting and iGaming.
“In conclusion, we believe prediction markets present a very significant incremental growth opportunity for FanDuel, and that their evolution will also accelerate the path to state-regulated sports betting and iGaming,” Flutter CEO Peter Jackson said in the letter to shareholders last month. “In the long-term, we firmly believe that state-regulated sports betting and iGaming remains the most valuable long-term opportunity in the US.”
