FanDuel Dives into Prediction Markets, Challenges Competitors
Update: 2025-11-12
Description
FanDuel, a leading online gambling platform, unveils a groundbreaking foray into prediction markets with the launch of FanDuel Predicts, a mobile app set to debut in December. This strategic move aims to tap into new opportunities in states where sports betting is still illegal, offering event contracts based on sports, oil, gold, crypto tokens, and stock indexes. FanDuel partners with CME Group Incorporated to provide these event contracts, targeting states without legal sports betting. The company faces stiff competition from startups like Kalshi and Polymarket, prompting this expansion as a means to diversify and boost revenue in a rapidly evolving market.
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