Post by : Badri Ariffin

FanDuel, North America’s leading online gaming platform and part of Flutter Entertainment, has announced a major collaboration with CME Group, the world’s premier derivatives marketplace, to launch FanDuel Predicts, a standalone app set to debut this December. The app aims to bridge the gap between entertainment and financial markets, allowing millions of users across the United States to engage in prediction markets with a wide variety of contracts.

Unlike traditional sports betting, FanDuel Predicts will offer event contracts on professional sports including baseball, basketball, football, and hockey, as well as financial benchmarks like the S&P 500, Nasdaq-100, oil, gold, cryptocurrencies, GDP, and CPI. This model will be available even in states where online sports betting remains restricted, providing users outside tribal lands with the opportunity to trade on outcomes of both sports and economic events.

Users will have access to contracts priced from as little as $0.01 to $0.99, making it an accessible way to learn and participate in trading. The platform integrates FanDuel’s robust consumer protection features, enabling users to set deposit limits, receive alerts, self-exclude, and make informed trading decisions. Educational resources within the app will guide users on how prediction markets function and how to buy and sell contracts responsibly.

The partnership combines FanDuel’s mobile technology and customer experience expertise with CME Group’s century-long knowledge in derivatives and risk management, creating a unique interface that targets both casual and more financially savvy audiences. Sign-up for FanDuel Predicts requires a thorough “Know Your Customer” process, including personal and banking information, ensuring secure and regulated participation.

FanDuel Predicts represents a significant step in expanding access to trading beyond traditional markets, giving users a dynamic and interactive way to engage with both sports and financial outcomes. The app’s launch signals a shift in how mainstream audiences can experience financial markets, blending entertainment with learning and real-world financial exposure.

#Business News #Economic