FanDuel has announced that the FanDuel Predicts app will launch in December.
Built in partnership with CME Group, FanDuel Predicts Flutter’s official entry point into prediction markets. The standalone app will give users access to event contracts tied to both sports outcomes and financial/economic indicators. In addition to major league sports, the app will support CME-listed benchmarks such as the S&P 500, Nasdaq-100, oil and gas prices, gold, cryptocurrencies, GDP, and CPI.
In the press release announcing the deal, FanDuel Group CEO Amy Howe shared some insight into the vision.
“We believe there is potentially a wide audience for trading event-based markets and we want to provide a platform that allows our customers to engage in this activity,” Howe said. “We are excited to be partnering with CME Group to design new and engaging products, combining innovation with best-in-class regulatory compliance and consumer protections.”
What we know about the Fanduel Predictions app
Last updated: Nov. 18, 2025
| Topic | What we know |
|---|---|
| Expected launch date | Dec. 1, 2025 |
| Partnership | Developed in partnership with CME Group |
| Investment impact | Flutter expects the product to reduce profit by $40–50M in Q4 2025 and $200–300M in 2026 as it scales. |
| App availability | All 50 states, with restrictions (see below) |
| Market types | Expected markets include sports, financial benchmarks (S&P 500, Nasdaq-100), commodities (oil, gold) |
| Minimum contract size | $0.01 to $0.99 |
| Market settlement | CME Group will power pricing, order matching, and settlement |
| KYC required | Yes, (birthdate, SSN, ID, banking verification) |
| Market oversight | Markets must comply with CFTC rules and FanDuel’s own restrictions. |
| National restrictions | Certain market types may be restricted nationwide (example: youth sports or prohibited event categories). |
Latest news and updates
- November 19, 2025: FanDuel and DraftKings leave the American Gaming Association. Both companies told the AGA that their strategic priorities no longer matched the association’s stance. The exit came one week after both firms abandoned their Nevada licensing efforts to pursue federally regulated event contracts.
- November 12, 2025: FanDuel announced a joint venture with derivatives giant CME Group to launch a prediction markets app in December. The standalone app will let users trade contracts on professional sports outcomes in states without legal sports betting, targeting untapped markets like California and Texas.
- November 12, 2025: The Nevada Gaming Control Board announced it had accepted the surrender of Flutter’s state registration and all FanDuel-related approvals. Flutter CEO Peter Jackson called the decision disappointing but necessary, saying FanDuel Predicts would open access to half the US market previously unavailable to the company.
- November 12, 2025: Flutter disclosed it expects prediction markets to reduce earnings by $40-50 million in Q4 2025 and $200-300 million in 2026 as it pursues market leadership. CEO Jackson told investors the company would spend aggressively but with discipline, applying the same approach that made FanDuel dominant in sports betting.
FanDuel predictions market launch date and legal states
FanDuel Markets is expected to debut on December 1 and is expected to rival Kalshi and Polymarket
The app will be available in all 50 states, with restrictions around where and what you can trade. States without legal online sports betting will get full access (sports + non-sports contracts) while states with regulated sports betting can trade on non-sports contracts only. Additionally, the app will restrict access on tribal lands.
As an example, because California doesn’t have legal online sports betting, you will be able to trade on all FanDuel prediction markets, including sports, except on tribal lands. Here is a table outlining the legal prediction markets by state.
| State | What you can trade |
|---|---|
| Alabama | Full access (sports + non-sports) |
| Alaska | Full access (sports + non-sports) |
| Arizona | Limited access (non-sports only) |
| Arkansas | Limited access (non-sports only) |
| California | Full access (sports + non-sports) |
| Colorado | Limited access (non-sports only) |
| Connecticut | Limited access (non-sports only) |
| Delaware | Limited access (non-sports only) |
| Florida | Limited access (non-sports only) |
| Georgia | Full access (sports + non-sports) |
| Hawaii | Full access (sports + non-sports) |
| Idaho | Full access (sports + non-sports) |
| Illinois | Limited access (non-sports only) |
| Indiana | Limited access (non-sports only) |
| Iowa | Limited access (non-sports only) |
| Kansas | Limited access (non-sports only) |
| Kentucky | Limited access (non-sports only) |
| Louisiana | Limited access (non-sports only) |
| Maine | Limited access (non-sports only) |
| Maryland | Limited access (non-sports only) |
| Massachusetts | Limited access (non-sports only) |
| Michigan | Limited access (non-sports only) |
| Minnesota | Full access (sports + non-sports) |
| Mississippi | Limited access (non-sports only) |
| Missouri | Limited access (non-sports only) |
| Montana | Limited access (non-sports only) |
| Nebraska | Limited access (non-sports only) |
| Nevada | Limited access (non-sports only) |
| New Hampshire | Limited access (non-sports only) |
| New Jersey | Limited access (non-sports only) |
| New Mexico | Limited access (non-sports only) |
| New York | Limited access (non-sports only) |
| North Carolina | Limited access (non-sports only) |
| North Dakota | Limited access (non-sports only) |
| Ohio | Limited access (non-sports only) |
| Oklahoma | Full access (sports + non-sports) |
| Oregon | Limited access (non-sports only) |
| Pennsylvania | Limited access (non-sports only) |
| Rhode Island | Limited access (non-sports only) |
| South Carolina | Full access (sports + non-sports) |
| South Dakota | Limited access (non-sports only) |
| Tennessee | Limited access (non-sports only) |
| Texas | Full access (sports + non-sports) |
| Utah | Full access (sports + non-sports) |
| Vermont | Limited access (non-sports only) |
| Virginia | Limited access (non-sports only) |
| Washington | Limited access (non-sports only) |
| Washington D.C. | Limited access (non-sports only) |
| West Virginia | Limited access (non-sports only) |
| Wisconsin | Limited access (non-sports only) |
| Wyoming | Limited access (non-sports only) |
What is a Futures Commission Merchant?
FanDuel has opted for a partnership model to enter the space. CME already operates the country’s deepest futures markets and has decades of experience in handling regulatory oversight, reporting, and margin requirements. In short, CME has the path as an exchange, allowing FanDuel to focus on bringing users through the door.
As CME Group CEO Terry Duffy noted in a recent earnings call, the deal with FanDuel has strong potential to be a win-win for all parties.
“The announcement with FanDuel is very important for CME Group,” Duffy said. We’re looking at 13 million potential accounts that will have access to CME Group’s products, but more importantly, have access to have a view of CME Group and our distribution of our product lines for the future.”
FanDuel’s deal with CME calls for them to act as an FCM. An FCM is a broker that gives traders access to a regulated exchange or DCM, which in this case is CME. It’s an on-ramp to enter the prediction market space with fewer hoops to jump through.
For an alternative. Look no further than DraftKings’ acquisition of Railbird, a DCM. Thanks to the purchase, DraftKings now has the same type of license used by regulated futures exchanges, clearing the path for them to plan for the launch of DraftKings Predictions.
By contrast, FanDuel doesn’t own an exchange, but can lean on CME’s regulated and compliant structure. As an FCM, they can focus on customer acquisition and the overall user experience, areas in which the company already excels.
Prediction markets keep evolving
It wasn’t too long ago that prediction markets attracted headlines in advance of a major election before fading from consciousness until the next cycle. That time has passed. Prediction markets have exploded in popularity over the past year, and the train isn’t slowing down.
The space can no longer be dismissed as a niche or passing fancy. Prediction markets have entered the mainstream, including references on TV shows and NFL broadcasts, partnerships with major sports leagues, and citations by pundits and reporters when referencing political and economic happenings.
The pending launch of the FanDuel Markets app is yet another sign that they have arrived. FanDuel has successfully navigated its way from its beginnings as a Daily Fantasy Sports innovator to an online gaming giant, with significant market share for both sports betting and casino.
They’re not looking to enter the arena just because it’s hot and competitors are aiming to do the same. We can say the same about CME Group, a global giant that’s not going to make such a move unless something is there. In just a few months, the prediction market landscape could be vastly different. The upcoming FanDuel Markets app has the potential to be a big part of it.
