FanDuel Makes Crypto Move: US Sports Betting Giant Dives Into Prediction Markets

FanDuel just placed its biggest bet yet—on crypto.

The US sports betting titan is jumping into decentralized prediction markets, signaling a seismic shift in how mainstream platforms view speculative crypto products. No more hiding behind "digital collectibles"—this is a full-throated embrace of volatility.

Wall Street’s reaction? Probably another PowerPoint about "blockchain synergies" while quietly shorting the sector.

Crypto Prediction Markets on the Rise

The MOVE arrives at a time when crypto-native betting platforms are on the rise. Per a Crypto.com research, prediction markets generated over US$27.9 billion in trading volume between January to October 2025.

Last week, sources said that the Gemini exchange will launch prediction market contracts, competing with dominant players, including Kalshi and Polymarket.

Meanwhile, Robinhood is entering the arena after reporting a record quarterly revenue in Q3 from crypto and options trading.

“This is indicative of a trend we’re seeing where more and more industry players are taking notice of the prediction market space,” James Newman, Chief Corporate Affairs Officer at Chiliz, told Cryptonews.

According to Newman, the challenge lies in how companies integrate into prediction markets sustainably, while balancing innovation with responsibility.

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…

Polymarket Becomes Yahoo Finance’s Exclusive Crypto Prediction Market Platform

Elsewhere, the top prediction market for Crypto, Polymarket, has announced a new partnership with Yahoo Finance, becoming its exclusive provider for crypto prediction market.

The collaboration will offer real-time insights based on Polymarket’s bets to Yahoo Finance users.

Polymarket and its rival Kalshi showed record volume growth in the recent past, forming significant alliances and partnerships.

“Sustainable integration means creating an ecosystem that fosters deeper connections, where fans are not just spectators but are empowered as stakeholders,” Newman told Cryptonews. “This is where the future of all fan engagement lies.”