FanDuel and CME Group have launched a new service called FanDuel Predicts in five U.S. states: Alabama, Alaska, South Carolina, North Dakota, and South Dakota. This is the first step in a plan to expand the service across the country over the next few weeks.
FanDuel Predicts allows users to participate in financial and sports markets by predicting the outcomes of big events. The app, available on both the Apple App Store and Google Play, lets users buy and sell event contracts, where they can bet on whether an event will happen. Customers can choose "Yes" or "No" to make predictions on topics like the S&P 500, oil prices, sports events, and more.
Users must sign up by providing personal information, like their birthdate, Social Security number, address, banking details, and government-issued ID. Once their account is set up, they can trade event contracts ranging from $0.01 to $0.99.
The platform will offer predictions on things like financial markets, cultural moments, and sports. In states where online sports betting is not yet legal, users can still predict virtual sports outcomes like baseball, basketball, football, and hockey. However, once online sports betting becomes legal in a state, FanDuel Predicts will stop offering sports contracts there.
Executive Statement
According to James Cooper, Senior Vice President, Flywheel and New Ventures at FanDuel, they are 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. This launch in five states will provide valuable insights into customer engagement with this new platform, enabling them to refine our approach as they expand to additional states in 2026.
