- FanDuel and CME Group will launch a new prediction markets app, FanDuel Predicts, in December 2025.
- The app will allow users to trade event-based contracts across sports, economic indicators, crypto, and more.
- FanDuel plans to stop offering sports event contracts in U.S. states where online sports betting becomes legal.
- Major sportsbooks like DraftKings are also entering the prediction market space, raising questions about long-term involvement.
- Several crypto and NFT markets showed mixed movements, with some tokens and NFT projects seeing notable gains.
FanDuel, in collaboration with CME Group, announced a new standalone mobile application, FanDuel Predicts, set to launch in December 2025. This platform will enable users to trade event-based contracts spanning sports, economic indicators, cryptocurrencies, and other areas. The partnership is designed to blend FanDuel‘s innovation in product development with CME Group‘s extensive market expertise, according to Amy Howe, CEO at FanDuel.
The move follows a similar entry into the prediction market field by DraftKings, signaling growing interest from major U.S. sports betting companies. However, FanDuel revealed plans to discontinue offering sports event contracts in states that legalize online sports betting. As stated in the announcement, “As new states legalize online sports betting, FanDuel will cease offering sports event contracts in those states.” This suggests that the prediction markets initiative might act as a temporary solution pending regulatory changes.
CME Group Chairman and CEO Terry Duffy noted the platform’s intent to attract a broader audience, including individuals not typically active in current markets. The new contracts are expected to expand distribution by connecting with FanDuel‘s millions of registered users.
In the broader crypto and NFT sectors, memecoin prices varied, with DOGE down 1%, Shiba Inu up 1%, and PEPE also up 1%. Onchain Solana projects such as OOB, BOLD, ORE, and WOJAK experienced significant gains of 360%, 240%, 50%, and 60%, respectively.
NFT markets saw mixed activity; notable movements included a 75% increase in Ringers and a 3D Hoodie Punk NFT selling for around $628,800, over five times higher than the current Punk floor price. Yuga Labs debuted The Otherside with its new social hub, The Nexus, opening for players.
Additional crypto developments included Canary filing for a MOG ETF, expanding potential investment options within the space.
This new entry by FanDuel into prediction markets adds to the rapidly evolving landscape of event-based trading platforms, blending diverse sectors such as sports, economics, and crypto.
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