FanDuel Enters Prediction Markets with New App Launch
Flutter Entertainment's U.S. division, FanDuel, has rolled out its prediction market platform, FanDuel Predicts, in five states—Alabama, Alaska, South Carolina, North Dakota, and South Dakota. The MOVE comes days after rival DraftKings expanded its own prediction markets product across 38 states.
Prediction markets, regulated by the Commodity Futures Trading Commission, allow wagering on sports, cultural events, and financial indicators without requiring full online gambling legalization. FanDuel's phased national expansion is set to continue through 2026.
The trend follows the success of platforms like Kalshi and Polymarket, signaling growing institutional interest in speculative markets. CME Group's partnership with FanDuel underscores the convergence of traditional finance and prediction-based trading.
