FanDuel Plans December 2025 Launch for Predicts App
FanDuel plans to launch a new mobile application, “FanDuel Predicts,” in December 2025. This allows the operator to strategically expand its presence across the United States. The new platform will offer event contracts, aiming to enter states where online sports betting is not yet legal. FanDuel views this as a significant path to acquire new customers into its overall ecosystem.
New App Structure and Exchange Partnership
The upcoming application, FanDuel Predicts, is the result of a strategic alliance with CME Group, a leading derivatives marketplace.
This partnership combines CME Group’s experience in financial markets and risk management with FanDuel’s national brand recognition and sports betting background. FanDuel intends to apply the same high standards for consumer protection to the new app.
These standards include identity verification (Know Your Customer or KYC), anti-money laundering (AML) controls, and player tools such as deposit limits and self-exclusion.
Product Offerings and Geographic Strategy
FanDuel Predicts will feature two main categories of event contracts. Contracts on non-financial and cultural markets will be available in nearly all U.S. states. These contracts will cover benchmarks like the S&P 500 and the Nasdaq-100.
Other markets will include the prices of oil, gas, gold, and key economic indicators like GDP and CPI.
The app will also offer event contracts based on sports outcomes. These include baseball, basketball, American football, and hockey. Critically, sports contracts will only be offered to customers in states that do not yet have legal online sports betting.
This offering will also exclude tribal lands. If any of these states later legalize online sports betting, FanDuel will stop offering the sports contracts in that area.
Regulatory Context and Nevada Conflict
FanDuel’s strategy is based on the claim that prediction markets are federally regulated by the Commodity Futures Trading Commission (CFTC). This contrasts with traditional gambling, which is subject to state-level laws. This regulatory position is central to the company’s expansion plan.
This strategy recently led to a direct conflict with the Nevada Gaming Control Board (NGCB). The NGCB, through Chairman Mike Dreitzer, stated that FanDuel’s and DraftKings’ intent to offer sports event contracts was “unlawful activity.” The board considered the contracts to be “wagering activity” under state law. Because of this, the NGCB found the activity “incompatible with their ability to participate in Nevada’s gaming industry.”
In response, FanDuel made the “difficult decision to voluntarily surrender our license” in Nevada. Flutter Entertainment CEO Peter Jackson commented that their vision for prediction markets outside of regulated states was “in direct opposition to Nevada’s priorities.” Jackson noted the move allows FanDuel to target “the half of the market we hadn’t been able to go after.”
Financial Investment and Market Outlook
The investment in the FanDuel Predicts launch is considered significant. The company projects this new venture will impact adjusted EBITDA by $40 million to $50 million in the fourth quarter of 2025.
This cost is expected to rise to between $200 million and $300 million for the full year 2026. The majority of the 2026 costs are expected to fall in the latter half of the year.
The company believes the app “unlocks an immediate growth opportunity” by providing a sports product to a large portion of the U.S. adult population currently without access to regulated sports wagering.
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