UPDATE: FanDuel Predicts has just launched in five states, marking a significant step in the national rollout of its prediction market platform. The app is now live in Alabama, Alaska, South Carolina, North Dakota, and South Dakota, with plans to expand to additional states as early as 2026.
This launch is critical as it allows millions of U.S. customers to engage with various economic indicators and sports events through a new mobile application available on the Apple App Store and Google Play. The phased rollout will provide valuable insights into customer engagement, setting the stage for wider availability across the United States.
The platform will feature event contracts covering benchmarks such as the S&P 500, Nasdaq-100, oil and gas prices, gold, cryptocurrencies, and essential economic indicators like GDP and CPI. In addition, sports contracts will be available for baseball, basketball, football, and hockey in states where online sports betting is not yet legalized, except on tribal lands.
The timing of this launch is significant, with an increasing interest in prediction markets within the sportsbook industry. Just recently, DraftKings launched its markets app across 38 states, indicating a growing trend that FanDuel aims to capitalize on.
James Cooper, Senior Vice President at FanDuel, emphasized the platform’s innovative approach, stating,
“We’re giving our customers a new platform to engage with the world around them – whether that’s the next Fed rate decision or a sports event.”
This new initiative aims to enhance user interaction and foster a deeper connection with real-time data.
Lynne Fitzpatrick, President and Chief Financial Officer of CME Group, hailed this launch as a pivotal moment, stating,
“CME Group prediction markets will enable a new generation of users to express their views on global benchmarks, economic indicators, sports and more.”
As FanDuel Predicts continues its expansion, the company is poised to refine its offerings based on customer feedback and engagement metrics. The upcoming months are set to reveal how users adapt to this new platform, with further updates expected as more states are added to the roster.
Stay tuned for more developments as FanDuel Predicts seeks to redefine the prediction markets space with its innovative approach and extensive reach. This launch is not only a technological advancement but also a potential game-changer for bettors and financial analysts alike.
