FanDuel has partnered with the world-leading derivatives exchange CME Group to launch the independent prediction market application FanDuel Predicts, which has been launched in five states in the United States and will gradually expand. This move marks FanDuel's departure from traditional sports betting to diversify into the prediction market, and relevant prediction market compliance cases can be queried through the PASA official website.
Launch Layout: Five States First, Gradual Expansion by 2026
This layout is aimed at the blue ocean of the prediction market! Initially launched in Alabama, Alaska, North Dakota, South Carolina, and South Dakota, the platform supports users over the age of 18 to download through the Apple and Google app stores. FanDuel states that the initial launch will collect user interaction data to prepare for multi-state expansion in early 2026. Compared to the rapid national deployment of DraftKings and Fanatics Markets, FanDuel chooses a steady progression strategy.
Core Features: Covering Financial Sports Binary Contract Mode
Contract prices range from $0.01 to $0.99, making it very simple to operate! Users can bet on outcomes in various fields such as finance, economy, sports, and culture, choosing between "yes" or "no" binary outcomes. Financial contracts cover benchmarks such as the S&P 500, Bitcoin, and crude oil, with plans to cover all 50 states in the future; sports contracts are only aimed at states where online sports betting is not legalized, covering the four major ball games, and excluding tribal areas through geographical positioning.
User Protection: KYC Verification Enhances Responsible Gambling Tools
The platform continues FanDuel's mature user verification process! Registration requires submitting a date of birth, social security number, address, bank information, and government-issued ID to ensure account security. At the same time, responsible gambling tools are embedded, allowing users to set deposit limits, receive deposit reminders, or apply for self-exclusion, and they can also obtain mental health services through Kindbridge Behavioral Health, maintaining consistent protection measures with sports betting platforms.
Industry Competition: Crowded Track, Regulatory Disputes to be Resolved
Regulatory disputes have not been fully resolved, and industry competition is becoming increasingly fierce! Currently, platforms such as Kalshi and Crypto.com are expanding into the US prediction market, with nearly 12 states still having legal disputes over sports prediction contracts and compliant sports betting. FanDuel, with its millions of registered users, is poised to capture market share but still needs to navigate a complex regulatory environment.
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This article is from "PASA-Global iGaming Leaders" gambling industry news channel:https://t.me/pasa_news
Original in-depth gambling channel:https://t.me/gamblingdeep
Free data reports: @pasa_research
PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
