FanDuel Predicts Goes Live in Initial Five States

FanDuel Predicts, the prediction market platform of CME Group and the sportsbook giant, launched in five states on Monday.

CME and FanDuel launched FanDuel Predicts in five states on Monday. CME and FanDuel launched FanDuel Predicts in five states on Monday. As part of “a phased national rollout,” FanDuel predicts is now available in Alabama, Alaska, South Carolina, North Dakota, and South Dakota — a quintet of states that don’t permit online sports betting.

In a statement, CME Group said the event contracts mobile application will continue launching in other states in the weeks ahead and into next year.

“This launch in five states will provide valuable insights into customer engagement with this new platform, enabling us to refine our approach as we expand to additional states in 2026,” said FanDuel Vice President James Cooper in the statement.

FanDuel, a unit of Flutter Entertainment, and CME Group announced their partnership in August.

Focus Extends Beyond Sports Event Contracts

At a time when industry observers are scrutinizing prediction markets’ growth potential outside the world of controversial sports derivatives, FanDuel Predicts could prove well-timed because its focusing on much more than sports event contracts.

Leveraging CME’s expertise in the space, FanDuel Predicts will make available in all 50 states event contracts on commodities and cryptocurrency prices, economic data releases, and equity indexes.

The platform will feature sports derivatives, but only in states, excluding tribal territories, where that form of wagering isn’t permitted. That implies that similar to competing offerings, FanDuel Predicts could eventually feature sports derivatives in states such as California, Florida, Georgia, and Texas.

CME notes that if new states join the sports wagering party, FanDuel Predicts will cease offering sports event contracts in those jurisdictions. That’s likely a smart move in the wake of Arizona pulling Underdog’s fantasy sports license amid that company’s push into prediction markets.

FanDuel’s Position in the Prediction Market Landscape

On the sports betting side of the ledger, FanDuel is the largest online operator in the US, and in the 23 states in which it offers those services, it’s first or second by market share.

The company says it has more than 12 million users, and it has one of the gaming industry’s most valuable brands — traits that could be harbingers of success in the increasingly competitive prediction markets industry.

FanDuel and CME will need those resources because, in recent weeks, it’s only slight hyperbole to say hardly a day has gone by without a fintech or gaming company moving into the event contracts arena.

The population of competitors is undoubtedly growing, but some analysts believe the domestic prediction market industry will eventually become a five-horse race comprised of DraftKings, FanDuel, Kalshi, Polymarket, and Robinhood Markets.