FanDuel said its Predicts platform is now available in all 50 US states, while sports contracts are offered in 18 states. The company said it would not offer sports contracts where it already operates a sportsbook; the platform was developed with CME Group.
FanDuel’s platform reaches all US states, but sports contracts remain limited to some states and excluded where it operates a sportsbook.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| Kalshi | Not stated | Kalshi explores potential Brazil prediction-market entry in 2026 | Not stated | |
| Gemini | Not stated | Gemini launches prediction markets across 50 US states | Not stated | |
| Gemini | Not stated | CFTC approves Gemini Titan prediction markets licence | Not stated | |
| Matchbook | Not stated | Matchbook plans UK prediction-market launch from January 2026 | Not stated | |
| Gemini | Not stated | CFTC approves Gemini as a designated contract market in the US | Not stated |
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Flutter Entertainment said FanDuel Predicts had 140,000 active users in October and recorded $119m in trading volume in the third quarter. The volume was 102% higher than in the second quarter and October volume rose 271% compared with July; chief executive Dan Taylor said the product had become competitive after recent investment and changes.
Flutter Entertainment said FanDuel Predicts had 140,000 active users in October. Flutter also said the product recorded $119m in trading volume in the third quarter, 102% more than in the second quarter. October volume was 271% higher than in July, according to the report.
Flutter chief executive Dan Taylor said FanDuel’s prediction-markets product had improved after investment and changes to its event-contract supplier. Flutter reported that FanDuel Predicts recorded $119m in volume in Q3, up 102% from Q2, and had 140,000 active users in October.
Flutter said FanDuel Predicts took $119m in volume in Q3, up 102% on Q2, and had 140,000 active users in October. October volume was 271% higher than in July.
FanDuel is shifting its sports and novelty prediction markets from CME Group to Crypto.com, outgoing Flutter CEO Peter Jackson said on an analyst call on 5 August. CME retains the financial derivatives business.
CME Group chief executive Terry Duffy said many products tied to sporting outcomes are closer to betting than genuine financial products, particularly those based on complex combinations or short-term bets. Duffy said the question of how to categorise sports prediction markets will likely reach the US Supreme Court. CME reported quarterly revenue exceeding $1.7bn.
Maryland elected to exercise its right to acquire intellectual property associated with the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST, reportedly, matching Churchill Downs’ agreed $85 million purchase price. Analysts also reported May New Jersey casino revenue of $265.6 million, sports betting revenue of $85 million and online casino revenue of $276 million.