Platform · Event Contracts
FanDuel Predicts
FanDuel's CFTC-regulated event-contracts app built with CME Group · live in all 50 states (sports in 18), ~$300M Flutter investment.
- Mechanism
- Event Contracts
- Status
- Live (50 states non-sports, 18 sports)
- Founded
- 2025
- Market types
- Binary
- Audience
- Sports · Retail · Generalist
- Website
- www.fanduel.com/predicts
Pricing mechanism
Centralized matching
Settlement
CFTC-clearinghouse
Strengths
- Flutter is largest sportsbook operator in the world
- CME Group as institutional-grade exchange partner
- All-50-state availability for non-sports
- ~$300M committed signals long-term focus
- Strong sports licensing relationships
Weaknesses
- Identical CME contracts to DraftKings · no differentiation today
- Volume trails DraftKings; far behind Robinhood/Kalshi
- Internal turmoil: CEO change May 2026
- Binary-only; no parlay product yet
- Same state-AG litigation risk
About this mechanism
Binary outcome derivatives traded on CFTC-designated contract markets, USD-settled. Different regulatory and distribution lane from onchain PMs.