Fanatics is launching a prediction-market offering with Crypto.com, with Fanatics Markets due to roll out in 24 US states in phases, according to the report. California and Texas are among the states named.
The rollout brings a major sports operator into prediction markets across a stated 24-state footprint.
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FanDuel launched sports event contracts in 18 US states through its FanDuel Predicts app, the company said. The app is available nationwide, but 32 states do not have its sports markets; FanDuel said it would avoid offering those contracts where it already operates a sportsbook.
FanDuel and CME Group launched FanDuel Predicts in Alabama, Alaska, South Carolina, North Dakota and South Dakota on Monday as part of a phased US rollout. CME said the platform will add states in the coming weeks and into 2026; sports event contracts will be offered only where that form of wagering is not permitted.
DraftKings launched its sports prediction app in 38 US states on Friday, while FanDuel’s launch was described as imminent by Truist Securities analyst Barry Jonas. Jonas said investors remained cautious amid outstanding court cases and said both companies believed their state sports-betting licences were not at risk.
DraftKings was reported to be preparing a prediction-market product for launch in December or January, limited to states without online sports betting. Truist analyst Barry Jonas said company leaders expected the product to have shorter payback periods and higher margins than online sports betting, with limited promotional allowances.
DraftKings chief executive Jason Robins said the company will not offer prediction markets in states where it holds sports-betting licences. Robins told the Next Predict Summit in New York that the approach protects its gaming licences and leaves it well placed whatever courts decide on sports event contracts.
DraftKings will not offer prediction markets in states where it holds sports-betting licences, chief executive Jason Robins said at the Next Predict Summit in New York. Robins said the approach protects the company's gaming licences and leaves it positioned for either outcome in litigation over sports event contracts.