FanDuel launches prediction markets platform with CME Group

FanDuel and derivatives marketplace CME Group have launched FanDuel Predicts in five states across the US, including the trading of sporting event contracts and financial markets such as the price of oil and gas, gold and cryptocurrencies.

"We're giving our customers a new platform to engage with the world around them - whether that's the next Fed rate decision or a sports event," FanDuel SVP of Flywheel and New Ventures James Cooper said.

"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."

FanDuel Predicts officially launched in Alabama, Alaska, South Carolina, North Dakota and South Dakota on December 22, with a "phased national rollout" scheduled over the coming months.

The operator confirmed sports contracts will be available in states where online sports betting has not yet been legalized, apart from Tribal lands, while FanDuel also stated it will cease such trading if a respective state were to authorize mobile betting.

"CME Group prediction markets will enable a new generation of users to express their views on global benchmarks, economic indicators, sports and more," CME Group President and CFO Lynne Fitzpatrick said.

"This launch is a pivotal step for expanding the reach of our products to FanDuel's millions of registered users across the US."

Customers will be able to buy or sell event contracts by choosing "yes" or "no" on whether they believe an individual event will occur or not.

FanDuel Predicts users can also set deposit limits, alerts and self-exclude from the platform through services provided by Kindbridge Behavioral Health.

DraftKings launched its prediction markets platform on December 19, also utilizing CME Group contracts, while Fanatics debuted Fanatics Markets in 24 states on December 3.