Overview
- FanDuel Predicts will offer event contracts on baseball, basketball, football and hockey, as well as on benchmarks like the S&P 500 and Nasdaq-100, commodities, cryptocurrencies and economic indicators such as GDP and CPI.
- Sports outcome contracts will be available only where online sports betting is not legal and not on tribal lands, and they will be withdrawn in any state that later authorizes online sports betting.
- Users must complete full Know Your Customer verification, including SSN and ID, and can trade contracts priced from $0.01 to $0.99 with responsible‑trading tools and education built into the app.
- Nevada’s regulators said they accepted the surrender of Flutter licenses and withdrew DraftKings applications the same day, citing intended unlawful sports event contracts, and FanDuel said it chose to surrender given Nevada’s stance.
- FanDuel has positioned the product for federal oversight by the CFTC subject to regulatory filings, as legal battles over sports‑style prediction markets continue and rivals such as DraftKings prepare similar offerings.