FanDuel Predicts

What it is

FanDuel Predicts is the event-contract app of FanDuel Prediction Markets, which FanDuel describes as "a joint venture between FanDuel Group and CME Group". Contracts trade between 1¢ and 99¢, pay $1 if the outcome happens and nothing if it does not, and cover sports where permitted, stock indices, commodities, crypto prices and economic releases. FanDuel's release dated 22 December 2025 announced the launch in five states; Flutter Entertainment's second-quarter 2026 10-Q says non-sports contracts went national during the first quarter of 2026.

It is a broker, and FanDuel shares it with the exchange operator. Three layers sit between the button and the clearinghouse:

• The app and the account: FanDuel Prediction Markets LLC, doing business as FanDuel Predicts. NFA's BASIC register lists it as a futures commission merchant and NFA member (NFA ID 0550813) since 25 October 2024, formerly known as F&O Financial LLC, at CME Group's Chicago address, with FanDuel Prediction Markets Holdings LLC as its 10%-or-more owner. Its CFTC disclosure document, as of 30 July 2026, says it "is jointly owned and operated by CME Group Inc. and FanDuel Group Inc." and serves US individuals only — no institutional, proprietary or omnibus accounts.
• The route to CME: Plus500US Financial Services LLC. The same disclosure says CME Group's exchanges are "accessed through a non-clearing omnibus account relationship with Plus500US Financial Services LLC" — so for CME-listed contracts a second, unaffiliated FCM that is a CME clearing member sits between FanDuel's FCM and the clearinghouse. The customer agreement allows for either that or FanDuel's FCM becoming a clearing member itself.
• The exchanges. CME Group's four designated contract markets — CME, CBOT, NYMEX and COMEX — with CME's clearing house as the derivatives clearing organization, per the customer agreement; and since June 2026 North American Derivatives Exchange, Inc., Crypto.com's affiliate, which trades as OG Prediction Markets and as Crypto.com | Derivatives North America and is both a DCM and a DCO. FanDuel's FCM reaches it "through direct membership".

How it differs from the sportsbook. The FanDuel Sportsbook is a state-licensed product that sets its own prices and holds the other side. Here you buy or sell an exchange-listed contract against other participants, can sell before the event where cash-out is offered, pay a stated transaction fee rather than a margin built into the price, and the venue is overseen by the CFTC rather than a state gaming regulator. It is a different app, a different legal account and a different state map — sports contracts are offered precisely where the sportsbook is not. The sportsbook itself is outside this catalogue's scope.

Availability

Non-sports contracts: everywhere in the US. Sports contracts: only where FanDuel has no online sportsbook. FanDuel's "where can I trade" page, read on 3 October 2026, says the app is available "in all 50 States", and its FAQ adds the District of Columbia, Puerto Rico, American Samoa, Guam, the US Virgin Islands and the Northern Mariana Islands, with the caveat that "some markets may not be available in all locations". The June 2026 release and the launch release fill in the rule: sports and entertainment contracts are offered "in states where FanDuel does not offer" its sportsbook, not on tribal land, and withdrawn from a state once it legalizes online sportsbooks. The 10-Q puts that at 18 states as of 30 June 2026, naming California, Texas and Florida, while FanDuel's online sportsbook was live in 26 states or territories. FanDuel publishes no state list for sports contracts that could be read off as text.

FanDuel's own pages disagree on the edges: the Predicts home page still says the app is "live to trade in AL, AK, ND, SC, and SD", the launch-era copy, while the availability page says all 50.

The FAQ sets the age at 18 and addresses "U.S. citizens". The customer agreement asks for name, US residential address, date of birth, Social Security number, telephone number and citizenship, and may ask for a driver's licence or passport; the launch release adds banking details and a government-issued ID. Every applicant, including an already-verified FanDuel customer, answers questions on trading experience, employment and finances before being cleared to deposit. The agreement lets the FCM restrict any jurisdiction on a "risk-based decision", and its disclosure warns that if courts side with states in the sports event-contract litigation, positions there could be closed out or become untradeable.

Deposit limits, deposit alerts and self-exclusion are shared with FanDuel's other products.

Pricing

One published figure: 2% "based on your potential payout". FanDuel's payouts page, read on 3 October 2026, says: "A 2% transaction fee is included at checkout based on your potential payout," and "If you cash out early, the 2% transaction fee applies to your payout."

Read literally, the fee on a purchase is 2% of the $1 a contract would pay — $0.02 a contract at any price. That is 2% of the stake on a 99¢ contract and 20% of the stake on a 10¢ one, which makes long shots proportionally the most expensive thing to buy. FanDuel publishes no fee table and no worked example, so the reading cannot be checked against one; the fee fields carry 2 on that basis. A round trip that buys and then cashes out pays the fee on both legs; holding to settlement pays it once.

Whether anything sits on top is not stated. The customer agreement obliges the customer to pay "commissions at rates established between the Firm and Customer" plus "Exchange fees, all applicable regulatory fees", with rates "provided to Customer on the websites". The only rate the websites give is the 2%, and they do not say whether it includes the CME or Crypto.com exchange fee or whatever Plus500US charges FanDuel's FCM for clearing. No deposit or withdrawal fee is named; none was checked further. Winnings show as "pending payouts" that can be traded at once and become withdrawable after one to two business days.

The FCM disclosure says FanDuel's FCM does not currently invest customer funds, and describes no interest paid on them.

Markets & resolution

Financial and economic contracts from CME; sports from CME and, since June 2026, Crypto.com's exchange. At launch the line-up was S&P 500 and Nasdaq-100 levels, oil and gas, gold, cryptocurrency prices and indicators such as GDP and CPI, plus baseball, basketball, football and hockey where sports are allowed. The 9 June 2026 release added "new sports and entertainment contracts and combination event contracts" listed by OG Prediction Markets, timed to the World Cup.

FanDuel Predicts resolves nothing itself. Its June 2026 risk disclosure describes the contracts as cash-settled binary options, fully margined under the listing exchange's rules, classified as cleared swaps — so each settles under the rules of the exchange that lists it, against the source that exchange names. The FAQ notes that some contracts settle early when the event happens before expiry. All contracts are cash-settled in US dollars.

The app shows a multiplier and lets you switch between odds, cents and percent displays; it fills an order at "the best available market price", across several price levels if needed, and returns you to checkout if the price moves a lot. You can hold both Yes and No positions. Cash-out — selling before settlement — is offered "only [in] select markets". Trading hours follow the underlying, for example Sunday 6 p.m. to Friday 4 p.m. ET for E-mini S&P 500-based contracts.

Integrations

None for a trader. FanDuel publishes no API for Predicts accounts; the iOS and Android apps are the way in, and the website is marketing and help pages. Logins are shared with other FanDuel products. No tax-form or statement feature is described in the published material; what the FCM issues to account holders was not checked.

Limitations

• The fee is flat per contract, not per dollar staked. At 2% of the potential payout, cheap contracts carry the heaviest fee relative to what you put in, and a cash-out pays it again.
• The fee's composition is undisclosed. The customer agreement allows exchange and regulatory fees on top of commissions; the website gives one number and does not say what it covers.
• Two intermediaries on the CME route. FanDuel's FCM carries your account, but CME orders clear through Plus500US's omnibus account, an extra party between you and the clearinghouse.
• The exchange operator co-owns the broker. CME Group lists the contracts, clears them and half-owns the FCM selling them. That is disclosed in the customer agreement, which says it gives the customer "no additional protection, preferential treatment, or advantage".
• Sports are a shrinking map by design. They are offered only where FanDuel has no online sportsbook, and FanDuel says it will stop offering them in each state that legalizes one.
• App only, no API, no data export.
• Nobody here has funded an account. Everything above is read from FanDuel's Predicts pages and news releases, the FCM's customer agreement, risk disclosures and CFTC disclosure document, NFA's BASIC register and Flutter's second-quarter 2026 10-Q, on 3 and 4 October 2026.

Alternatives

DraftKings Predictions is the closest like-for-like: a sportsbook operator's event-contract app on its own FCM, routing to CME, Crypto.com's exchange and an exchange DraftKings owns. Crypto.com offers the OG markets in its own app, from the exchange that lists them. Kalshi and Polymarket US are directly accessed US exchanges with wider market lists. Underdog Predict runs sports contracts on an exchange its parent owns, and Robinhood and PrizePicks Predict are brokers putting their own commission on someone else's exchange.