Overview
- FanDuel launched FanDuel Predicts in Alabama, Alaska, South Carolina, North Dakota, and South Dakota with a phased expansion to additional states through early 2026.
- The app offers event contracts on benchmarks such as the S&P 500, Nasdaq-100, oil and gas, gold, cryptocurrencies, GDP, and CPI, with sports contracts limited to states without legal online sports betting and excluded on tribal lands.
- CME Group powers FanDuel Predicts as the exchange partner, contracts can trade from $0.01 to $0.99, and onboarding requires full KYC including birth date, Social Security number, address, banking details, and a government ID with deposit limits and self-exclusion available.
- DraftKings separately launched DraftKings Predictions across 38 states under CFTC oversight, connecting to CME at launch with plans to link to additional exchanges.
- State regulators have pursued cease-and-desist orders and license challenges over sports event contracts, while federal guidance and pending court cases will determine the long-term legal framework.