New App to Offer Sports, Crypto, and Benchmark Event Contracts
CME Group and FanDuel announced plans to launch a prediction markets platform in the United States next month through a standalone app called FanDuel Predicts. The platform aims to expand access to event contracts for users, including those in states where online sports betting is prohibited.
In addition to sports event contracts, the app will allow trading on cryptocurrency prices, oil, gas, stocks, and other benchmark assets, marking a significant step in the growth of regulated U.S. prediction markets.
“Our new event contracts on benchmarks, economic indicators and now sports will appeal to a new generation of potential participants who are not active in these markets today,” said CME Group Chairman and CEO Terry Duffy. “This launch will dramatically expand our distribution and reach, connecting directly with FanDuel’s millions of registered U.S. users.”
Prediction Markets: A Growing Sector
Prediction markets are emerging as a legitimate intersection of finance and information, with the industry currently dominated by Kalshi and Polymarket. Kalshi, leveraging its U.S.-regulated status, has led the market in trading volume, while Polymarket is reportedly relaunching in the U.S., aiming to challenge Kalshi’s dominance.
Both companies continue to expand through strategic partnerships. Kalshi teamed up with Robinhood to offer event contracts on sports and policy markets, while Polymarket formed an exclusive collaboration with Yahoo Finance. Additionally, Google and the National Hockey League have partnered with both Kalshi and Polymarket, signaling growing mainstream adoption.
Competition Heats Up in U.S. Prediction Markets
The collaboration between a major derivatives exchange and a fantasy sports platform represents a unique combination of financial infrastructure and consumer reach. Alongside CME and FanDuel, Gemini, led by the Winklevoss twins, is also entering the space, having filed regulatory documents to operate a designated contract market in the U.S.
This new entry signals intensifying competition in prediction markets, as firms race to attract retail and institutional participants in an industry that is rapidly gaining legitimacy and public attention.
With the launch of FanDuel Predicts, the U.S. could see a surge in accessible, regulated prediction market trading, offering both sports enthusiasts and financial investors new ways to engage with real-world events.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.