Gambling giant FanDuel is entering the world of prediction markets with a new app, FanDuel Predicts, launched through a partnership with derivatives marketplace CME Group.
FanDuel has announced that it will launch a prediction markets app called FanDuel Predicts, subject to all the necessary regulatory filings. The app will offer sports event contracts for baseball, basketball, football, and hockey, with a notable statement that users will be able to take part in states where online sports betting is not legal.
Coming this December, CME Group is launching prediction markets with @FanDuel. Through the new FanDuel Predicts app, customers will have the ability to trade event contracts on global benchmarks and economic indicators, with sports outcome contracts available in non-online sports…
— CME Group (@CMEGroup) November 12, 2025
That highlights the ever-blurring lines between gambling and prediction markets, with some arguing that prediction markets are simply a way for gambling brands to sidestep bans and regulations, putting pressure on lawmakers to regulate now. With a gambling brand like FanDuel now eyeing the market, there’s certainly a lot of parallels to be drawn.
FanDuel has promised that as new states legalize online sports betting, it will cease offering sports event contracts in those states.
What else is available in FanDuel Predicts?
In addition to sports contracts, benchmarks related to the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and CPI will also be offered on FanDuel Predicts. As with other FanDuel products, users will be able to set deposit limits and deposit alerts, as well as self-exclude as desired.
“We can’t wait to bring FanDuel’s proven approach to product innovation into this dynamic sector,” said Amy Howe, CEO at FanDuel. “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.”
Event contracts start from as low as $0.01 to $0.99. The app is due to launch some time in December.
“Our new event contracts on benchmarks, economic indicators and now sports will appeal to a new generation of potential participants who are not active in these markets today,” said CME Group Chairman and Chief Executive Officer Terry Duffy. “This launch will dramatically expand our distribution and reach, connecting directly with FanDuel’s millions of registered US users.”
Featured image: FanDuel
The post FanDuel Predicts debuts as CME partnership pushes prediction markets mainstream forward appeared first on ReadWrite.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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