CRYPTO MEETS SPORTS BETTING: FANDUEL LAUNCHES PREDICTION MARKETS IN THE US
US online gambling giant FanDuel is expanding beyond traditional sports betting with the launch of FanDuel Predicts, a new crypto and event prediction platform in partnership with CME Group. This marks a strategic move into prediction markets, where users can bet on outcomes ranging from cryptocurrency prices to sports events and key economic indicators such as oil, gas, and gold.
The mobile-first platform, set to launch in December 2025, promises a seamless user experience with intuitive tools that combine entertainment with financial market insights. Users will be able to place predictions on various events, track market trends in real-time, and engage with the emerging world of crypto-focused prediction markets.
Amy Howe, CEO of FanDuel, stated, “We can’t wait to bring FanDuel’s proven approach to product innovation into this dynamic sector.” The collaboration with CME Group provides deep derivatives and risk management expertise, ensuring that FanDuel Predicts maintains credibility while bridging the gap between casual betting and professional-grade financial markets.
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Crypto Prediction Markets Are on the Rise
The launch comes at a time when crypto-native prediction platforms are rapidly growing. Data from Crypto.com shows that prediction markets generated over $27.9 billion in trading volume from January to October 2025 alone. This surge highlights increasing investor interest and retail engagement in markets traditionally reserved for institutional players.
Competitors are also entering the space. The Gemini exchange is reportedly preparing its own prediction contracts, while Robinhood has joined after reporting record quarterly revenue from crypto and options trading. These developments indicate a broadening of the market as more platforms explore the potential of crypto prediction services.
James Newman, Chief Corporate Affairs Officer at Chiliz, commented, “The challenge lies in integrating these platforms sustainably, balancing innovation with responsibility.” He emphasized that prediction markets must create trust while giving users a meaningful stake in outcomes, rather than simply treating them as spectators.
Polymarket Partners with Yahoo Finance
Top crypto prediction market Polymarket recently partnered with Yahoo Finance, becoming its exclusive provider for crypto predictions. This collaboration delivers real-time market insights based on Polymarket bets directly to Yahoo Finance users, increasing accessibility and mainstream exposure.
Polymarket and its competitor Kalshi have experienced record growth, forming strategic alliances to strengthen their presence. Newman added, “Sustainable integration means creating an ecosystem where fans are empowered as stakeholders, not just spectators. This is where the future of fan engagement lies.”
Why This Matters
FanDuel’s entry into crypto prediction markets reflects a broader trend where traditional online gambling and financial platforms converge with crypto technology. With the backing of CME Group, FanDuel Predicts could set a standard for regulated, reliable, and user-friendly prediction markets, enabling both casual users and experienced traders to participate in crypto and financial forecasting in a safe environment.
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This launch also underscores the growing institutional and retail interest in crypto derivatives, signaling that prediction markets may become a major component of the crypto ecosystem over the coming years.
FAQs
1. What is FanDuel Predicts?
FanDuel Predicts is a new prediction market platform by FanDuel, launching in December 2025, allowing users to bet on crypto prices, sports outcomes, and economic indicators.
2. Who is FanDuel partnering with for this launch?
FanDuel is partnering with CME Group, leveraging their expertise in derivatives and risk management to ensure a reliable and regulated platform.
3. Which markets can users predict on FanDuel Predicts?
Users can place bets on cryptocurrencies like Bitcoin, Ethereum, as well as sports events, oil, gas, and gold prices.
4. Why is FanDuel entering the crypto prediction market?
FanDuel is expanding into crypto prediction markets to combine entertainment with financial insights, tapping into growing retail and institutional interest.
5. What recent developments highlight the growth of crypto prediction markets?
Platforms like Polymarket and Kalshi are expanding rapidly, and Polymarket partnered with Yahoo Finance to deliver real-time crypto predictions to mainstream users.
