Flutter has officially launched its prediction markets platform, FanDuel Predicts, as it enters the event contracts space.
The app will be initially available in five US states: Alabama, Alaska, South Carolina, North Dakota and South Dakota.
A phased national expansion is expected over the coming weeks, with the platform looking to eventually offering event contracts in all 50 states.
Users on the app will gain access to financial and sports markets, including basketball, baseball, American football and hockey in states where online sports betting is not legal, except for tribal lands.
Flutter confirmed that should a state launches online sports betting, FanDuel Predicts will stop offering sport event contracts.
The operator said users will be able to set deposit limits, deposit alerts and self-exclude akin to its online sports betting offering.
The same FanDuel sportsbook KYC process will be in place for FanDuel Predicts as well.
James Cooper, FanDuel senior vice-president of flywheel and new ventures, said: “We’re giving our customers a new platform to engage with the world around them – whether that’s the next federal rate decision or a sports event.
“This launch in five states will provide valuable insights into customer engagement with this new platform, enabling us to refine our approach as we expand to additional states in 2026.”
Lynne Fitzpatrick, CME Group president and CFO, added: “CME Group prediction markets will enable a new generation of users to express their views on global benchmarks, economic indicators, sports and more.
“This launch is a pivotal step for expanding the reach of our products to FanDuel’s millions of registered users across the US.”
FanDuel Predicts arrives days after DraftKings went to market with its own prediction markets app, DraftKings Predictions.
FanDuel and DraftKings withdrew from the American Gaming Association upon announcing they were to offer prediction markets.
Meanwhile, the newly appointed chair of the Commodity Futures Trading Commission (CFTC), Michael Selig, has said he is grateful and confident he can lead the regulatory body during a period of “rapid transformation”.
Selig was confirmed by the US Senate as the 16th CFTC chair last week, having been nominated by President Donald Trump for the role.
The former lawyer took to LinkedIn to not only thank President Trump and the Senate, among others, but also to praise the current position of the regulatory body, as the US gambling landscape continues to adapt and evolve.
Several operators have recently announced they will be launching event contracts as part of their offerings, with PrizePicks entering the space last month through its partnership with Polymarket and Kalshi.
Kalshi and Polymarket were recently valued at $11bn and $8bn, respectively.
With an increase in companies offering event contracts, Selig said in his LinkedIn post that he welcomed the responsibility to lead during a “period of rapid transformation.”
He wrote: “No agency is better suited to pioneer common-sense rules of the road for the new financial markets of America’s Golden Age than the Commodity Futures Trading Commission.
“Under my leadership, the CFTC will conquer these great frontiers and ensure that the innovations of tomorrow are made in America.”
Last month, Selig said during a Senate hearing that he would leave the legality of prediction markets to the courts.
The post FanDuel Predicts goes live in the US with CME Group first appeared on EGR Intel.
Prediction markets app now available in Alabama, Alaska, South Carolina, North Dakota and South Dakota ahead of phased national expansion in 2026
The post FanDuel Predicts goes live in the US with CME Group first appeared on EGR Intel.