| Founded | FanDuel: 2009 (Edinburgh, Scotland); FanDuel Predicts: launched in select US states in early 2026 |
| Headquarters | New York, NY |
| Parent company / Key backer | Flutter Entertainment plc (majority owner); Boyd Gaming retains a minority equity stake |
| Blockchain | None — fiat-based, off-chain settlement |
| Regulation | Event contracts offered through a CFTC-regulated designated contract market partner; the specific entity has not been fully disclosed by FanDuel |
| Settlement currency | USD |
| US availability | Yes, rolling out state-by-state alongside FanDuel's existing sportsbook footprint |
| International availability | No — US only at launch |
| Minimum deposit | TBD (mirrors FanDuel Sportsbook's typical $10 minimum in most states) |
| Trading fees | No published per-trade fee schedule; cost is embedded in contract pricing/spread |
| Deposit methods | Debit card, ACH bank transfer, PayPal, Venmo, Play+ prepaid card |
| Mobile app | Yes — built into the existing FanDuel app, not a standalone download |
| Cumulative volume | Not publicly disclosed |
| Total users | Not broken out separately from FanDuel's broader sportsbook/DFS user base |
| Total funding / Valuation | N/A — funded internally by Flutter Entertainment, a publicly traded company |
| Key investors | Flutter Entertainment plc; Boyd Gaming (minority stake) |
| Native token | None |
What Is FanDuel Predicts?
FanDuel Predicts is the event contracts product built into FanDuel's flagship sports betting app, letting US users trade on the outcome of sports, political, and economic events using a yes/no contract structure instead of a traditional moneyline or point spread bet. It's FanDuel's answer to the wave of prediction markets that Kalshi, Robinhood, and DraftKings have pushed into the mainstream over the past two years. FanDuel itself was founded in 2009 in Edinburgh by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones, and Karl Vernon, originally as a daily fantasy sports company before becoming one of the two dominant US sportsbooks alongside DraftKings.
The company is majority owned by Flutter Entertainment plc, the Irish gambling giant that also owns Paddy Power and Betfair, with Boyd Gaming holding a small residual equity stake from the 2018 restructuring that combined FanDuel with Betfair US. Flutter is publicly traded on both the New York Stock Exchange and London Stock Exchange, which means FanDuel Predicts isn't a venture-funded startup chasing a Series B — it's a product line inside a multi-billion-dollar public company with existing payment rails, a massive existing user base, and deep sports betting infrastructure already built. That's the single biggest structural difference between FanDuel Predicts and challengers like Polymarket or Kalshi, both of which had to build trust, liquidity, and a user base from zero.
On regulation, FanDuel is leaning on the same playbook other sportsbooks-turned-prediction-market operators have used: routing event contracts through a CFTC-registered exchange rather than operating under individual state gaming licenses. This mirrors how DraftKings Predictions built its offering around the Railbird Exchange acquisition and how Robinhood partners with Kalshi's exchange infrastructure. FanDuel has not published the exact name of its underlying designated contract market partner with the same level of detail its competitors have, which is worth flagging upfront.
What makes FanDuel Predicts distinct isn't novelty — it's distribution. FanDuel already has tens of millions of registered users who log in weekly to bet on NFL games, and Predicts sits one tab away from that habit loop. If you're new to the mechanics behind all of this, our guide on how prediction markets work is a good primer before you dive into the rest of this review. From here, we'll walk through how trading actually works on the platform, what markets are live, what you pay, and how FanDuel Predicts stacks up against Kalshi, Polymarket, and DraftKings Predictions.
How Does FanDuel Predicts Work?
The Basics
FanDuel Predicts uses the same binary contract mechanic that every regulated event contracts platform uses. You buy a YES or NO position priced between $0.01 and $0.99, representing the market's implied probability of an outcome. Buy YES on "Will the Chiefs win Super Bowl LX" at 32 cents, and if it happens, your contract settles at $1.00 — a 68-cent profit per contract. If it doesn't happen, the contract settles at zero and you lose your 32-cent stake. That's structurally identical to how Kalshi and Polymarket price contracts, just wrapped in FanDuel's familiar sportsbook interface.
Placing a Trade
The trading flow is designed to feel like placing a bet, not executing a trade. You tap a market, select YES or NO, enter a dollar amount rather than a share count, and confirm — there's no visible order book front-and-center the way there is on Polymarket. This is a deliberate UX choice aimed at sportsbook users who've never seen a limit order in their life, and it works for that audience, though it obscures some of the price discovery that more serious traders look for.
Order Types
FanDuel Predicts has not published detailed documentation on whether it supports resting limit orders in addition to market orders. Based on the consumer-facing design, the emphasis is clearly on quick market-order execution rather than the maker/taker order book experience you'd get on Kalshi or Polymarket, where placing a limit order and waiting to get filled is standard practice for anyone using a prediction market strategy built around liquidity provision.
Deposits
Because this is a fiat product built on existing FanDuel infrastructure, there's no crypto wallet to set up and no gas fees to think about. Deposits work exactly like funding a FanDuel Sportsbook account: link a debit card, connect a bank account via ACH, use PayPal or Venmo, or load a Play+ prepaid card. KYC happens at the account level the moment you sign up for FanDuel — Social Security number, date of birth, and address verification — so if you already have a funded FanDuel account, Predicts requires no additional onboarding friction.
What We Don't Know Yet
Several operational details haven't been made public as of this writing. FanDuel hasn't disclosed the exact identity of the CFTC-designated contract market processing these trades, hasn't published a granular fee schedule, and hasn't released cumulative volume or active trader figures for Predicts separately from its broader sportsbook numbers. Until FanDuel discloses more, treat any volume or liquidity claims about this product with some skepticism.
What Markets Can You Trade on FanDuel Predicts?
Sports
Sports is where FanDuel Predicts should, in theory, have an edge over every other prediction market on the planet — FanDuel already prices thousands of sports lines daily and has decades of institutional knowledge in setting odds. Expect NFL, NBA, MLB, and college football markets structured as event contracts: player prop-style yes/no contracts, game winners, and season-long futures like division winners or MVP races. Whether this depth actually exceeds what you'll find on Kalshi's sports markets or Polymarket's live in-game contracts hasn't been demonstrated with public volume data yet, but the potential is real given FanDuel's existing trading desk. For a broader look at how the category is shaking out across platforms, see our breakdown of the best prediction markets for sports betting.
Politics and Elections
Political event contracts are a smaller footprint for FanDuel Predicts than for Kalshi or Polymarket, both of which built their reputations partly on election-night volume. Expect midterm and presidential-cycle markets to appear closer to major election dates rather than the always-on political market depth you'll find on Polymarket, where markets on cabinet appointments, Fed decisions, and legislative votes trade year-round.
Crypto and Finance
Financial event contracts — Fed rate decisions, inflation prints, and major crypto price thresholds — exist on the platform but are not the centerpiece of the product. This is a category where Kalshi and Polymarket both have a multi-year head start, and FanDuel Predicts reads more like a category it's filling out for completeness than one it's trying to win.
Culture, Tech, and Everything Else
Expect entertainment and awards-season markets (Grammys, Oscars) alongside novelty contracts tied to major cultural moments, similar to what DraftKings Predictions and OG offer. This category is unlikely to be a differentiator — it's table stakes for any platform trying to keep users engaged between football Sundays.
FanDuel Predicts Fees: What Do You Actually Pay?
FanDuel has not published a line-item trading fee schedule the way Kalshi and Polymarket have. Instead, the cost of trading is embedded in the bid-ask spread on each contract, similar to how a sportsbook builds its vig into a moneyline rather than charging a visible commission. This is the sportsbook operator's playbook applied to event contracts, and it makes FanDuel Predicts harder to evaluate on pure cost terms than its more transparent competitors.
Trading fees: No disclosed per-contract fee. The implied cost shows up as the gap between where you can buy YES and where you can sell it back, which FanDuel has not quantified publicly.
Deposit and withdrawal fees: Standard FanDuel account rules apply — ACH deposits and withdrawals are typically free, while some debit card processors and instant withdrawal options may carry a small fee, consistent with FanDuel's existing sportsbook terms.
Interest or yield on balances: Not offered, as far as public information shows. This puts FanDuel behind Kalshi, which pays roughly 4% APY on idle cash sitting in a user's account.
| Fee Type | FanDuel Predicts | Polymarket | Kalshi |
|---|---|---|---|
| Trading fee | Not disclosed; embedded in spread | 0.75%-1.80% taker fee by category (as of March 2026) | Dynamic per-contract fee based on price and volume |
| Deposit fee | Free via ACH; card fees vary | Free (crypto network gas applies) | Free via ACH; card fees vary |
| Withdrawal fee | Free via ACH; instant options may cost extra | Network gas fee only | Free via ACH; instant options may cost extra |
| Yield on idle balance | None disclosed | None | ~4% APY |
On a $100 trade at 50-cent probability on Polymarket, you'd expect to pay somewhere in the neighborhood of $1 depending on the category-specific rate. On FanDuel Predicts, there's no equivalent number to point to — the cost is baked into the price you're quoted, which means you're trusting FanDuel's pricing engine the same way you'd trust a sportsbook's line rather than an exchange's order book. That's a meaningfully different value proposition than Polymarket's published fee structure.
FanDuel Predicts User Experience and Interface
The desktop and mobile experience borrows heavily from FanDuel's sportsbook design language: bold colors, bet-slip-style trade confirmation, and a browsing experience organized by sport and league rather than by market category. There's no standalone FanDuel Predicts app — it lives inside the existing FanDuel app you'd use for sportsbook or daily fantasy, which is convenient if you're already a FanDuel customer and mildly annoying if you're a prediction market purist looking for a dedicated order-book interface.
There's no visible copy-trading, leaderboard, or social feed built specifically around Predicts, unlike Polymarket's public trader profiles or the growing copytrading ecosystem on Polymarket. Customer support runs through FanDuel's existing channels — in-app chat, email, and phone support — which is more accessible than the community-forum-first support model many crypto-native platforms rely on. The honest criticism: burying event contracts inside a sportsbook app makes Predicts feel like a bet type rather than a distinct product, and traders coming from Kalshi or Polymarket looking for granular order books, price charts, and depth-of-market data will find the interface thin by comparison.
FanDuel Predicts' Regulatory Position
FanDuel Predicts operates event contracts through a CFTC-regulated designated contract market structure rather than state-by-state gaming licenses, positioning it alongside Kalshi, Robinhood, and DraftKings Predictions rather than traditional online sportsbooks. FanDuel has not disclosed the specific DCM entity handling clearing and settlement with the same transparency Kalshi provides about its own exchange, which makes independent verification of trade execution and market integrity harder for outside observers.
The broader regulatory picture matters here. CFTC Chairman Selig has publicly supported federal preemption of state-level sports betting and prediction market rules, a stance that would directly benefit operators like FanDuel that are trying to offer a single national product rather than navigate 50 different state gaming frameworks. At the same time, the ground is shifting fast: 11 states introduced prediction market legislation in 2026, Arizona filed criminal charges against Kalshi on March 18, 2026, and the Schiff-Curtis "Prediction Markets Are Gambling Act" was introduced on March 23, 2026, aiming to reclassify these products as gambling subject to state law. FanDuel, as a company that already operates licensed sportsbooks in dozens of states, is arguably better positioned than most competitors to adapt if that reclassification effort succeeds, since it already holds the underlying gambling licenses in most jurisdictions. For the state-by-state details, see our prediction markets legal states map and our broader prediction market legal guide.
FanDuel Predicts vs. Established Platforms
| FanDuel Predicts | Polymarket | Kalshi | DraftKings Predictions | |
|---|---|---|---|---|
| Best for | Existing FanDuel sportsbook users | Deep liquidity, crypto-native traders | US-regulated traders wanting broad markets | Existing DraftKings sportsbook users |
| Regulation | CFTC via undisclosed DCM partner | Unregulated in most jurisdictions | CFTC-regulated DCM | CFTC via Railbird Exchange |
| Settlement | USD | USDC | USD | USD |
| Deposits | Card, ACH, PayPal, Venmo, Play+ | Crypto (USDC), card on-ramps | ACH, debit card, wire | Card, ACH, PayPal |
| Trading fees | Not disclosed; spread-based | 0.75%-1.80% taker fee | Dynamic per-contract fee | Not fully disclosed |
| Yield/Interest | None disclosed | None | ~4% APY | None disclosed |
| Liquidity depth | Unproven/undisclosed | Very high | High | Unproven/undisclosed |
| Sports coverage | Strong (leverages FanDuel odds desk) | Growing, live in-game markets | Strong, broad league coverage | Strong (leverages DraftKings odds desk) |
| Politics coverage | Limited | Deep, always-on | Deep, always-on | Limited |
| Mobile app | Yes, integrated into main app | Yes, standalone | Yes, standalone | Yes, integrated into main app |
| Onboarding difficulty | Very easy for existing FanDuel users | Moderate (crypto wallet required) | Easy (bank-linked) | Very easy for existing DraftKings users |
FanDuel Predicts and DraftKings Predictions are close mirrors of each other — both are sportsbook incumbents bolting event contracts onto an existing app rather than building a dedicated exchange experience. That's a fundamentally different bet than what Kalshi or Polymarket made: those platforms built the exchange first and are still working to earn the mainstream distribution FanDuel already has. If you care most about breadth of political and macro markets plus transparent fees, Kalshi and Polymarket remain ahead; see our full Polymarket vs. Kalshi comparison and our roundup of the best prediction market apps for the wider field.
Is FanDuel Predicts Safe and Legit?
FanDuel Predicts is legit in the sense that it's operated by a publicly traded company with a two-decade track record in regulated US gambling — this isn't an anonymous offshore operation. That said, "legit" doesn't mean risk-free. You can lose your entire stake on any contract, regulatory risk around whether event contracts get reclassified as gambling is live and unresolved (see the Arizona case against Kalshi and the Schiff-Curtis bill), and the lack of a published fee schedule means you're trusting FanDuel's pricing rather than verifying it independently. Customer support quality mirrors FanDuel's existing sportsbook support, which has a long track record but isn't purpose-built for the questions event contract traders tend to ask about settlement and clearing. Profits are taxable regardless of which platform you use — see our guide on prediction market taxes before you assume winnings are treated like a casual bet.
Who Is FanDuel Predicts Best For?
Great fit:
- Existing FanDuel Sportsbook users who want to try event contracts without creating a new account or learning a new app.
- Sports bettors who want yes/no contracts on games they already follow closely, without navigating an unfamiliar order-book interface.
- Casual traders who value one-tap trade execution over granular limit-order control.
- US residents in states where FanDuel Sportsbook already operates and who trust the brand's existing payment infrastructure.
- Anyone who wants fiat-only deposits with zero crypto wallet setup.
Not ideal for:
- Traders who want deep political and macro market coverage — Polymarket and Kalshi both offer far more always-on political markets.
- Anyone who wants a published, transparent fee schedule before trading — Kalshi's dynamic fee curve and Polymarket's published taker rates are more verifiable.
- Traders chasing yield on idle balances — Kalshi's roughly 4% APY beats FanDuel's undisclosed (likely nonexistent) interest offering.
- Users outside FanDuel's licensed states, who should look at Robinhood or Kalshi directly instead.
- Active traders who want API access and automated strategies — FanDuel Predicts has not published API documentation, unlike Kalshi's institutional-grade market access.
Promotions and Incentives
FanDuel has a long history of aggressive signup promotions on its sportsbook product, and it's reasonable to expect similar bonus offers tied to Predicts, though a dedicated FanDuel Predicts promo code has not been consistently documented as a standalone offer separate from the core FanDuel Sportsbook welcome bonus. If you're searching for a FanDuel Predicts promo code specifically, check FanDuel's official promotions page directly before trusting third-party codes, since prediction market bonus structures change frequently and unverified codes circulating online are not reliable.
Final Verdict: 3.2 / 5
FanDuel Predicts earns a 3.2 out of 5. The score reflects real strengths — a trusted, publicly traded parent company, frictionless onboarding for the tens of millions of existing FanDuel users, and a sports-first market lineup that leverages a genuinely sophisticated pricing desk. It loses points against Kalshi and Polymarket for the same reasons DraftKings Predictions does: no published fee schedule, thin political and macro market depth, no yield on idle balances, and a lack of transparency around which CFTC-regulated exchange is actually clearing trades behind the scenes.
If you're already a FanDuel Sportsbook user who wants to dip a toe into event contracts without opening a new account, this is a reasonable, low-friction entry point. If you're serious about trading prediction markets as an asset class — chasing liquidity, political market depth, or transparent costs — Kalshi and Polymarket remain the stronger choices, and our full best prediction market apps guide breaks down exactly why.
Frequently Asked Questions
What is FanDuel Predicts?
FanDuel Predicts is FanDuel's event contracts product, letting users trade yes/no outcomes on sports, political, and financial events inside the existing FanDuel Sportsbook app. It works like a binary options market rather than a traditional fixed-odds bet, similar in structure to Kalshi and Polymarket.
Is FanDuel Predicts legit?
Yes, in the sense that it's operated by Flutter Entertainment, a publicly traded company with a long regulatory track record in US gambling. That said, it hasn't disclosed its exact fee structure or the identity of its clearing exchange with the same transparency as competitors, so "legit" doesn't mean fully transparent.
Is FanDuel Predicts regulated?
FanDuel Predicts offers event contracts through a CFTC-regulated designated contract market structure rather than individual state gambling licenses, though FanDuel has not publicly named the specific exchange partner. For the full regulatory landscape, see our guide on whether prediction markets are legal in the US.
What are FanDuel Predicts fees?
FanDuel hasn't published a per-trade fee schedule. Costs appear to be embedded in the bid-ask spread of each contract rather than charged as a separate line item, which makes it harder to compare directly against Polymarket's published 0.75%-1.80% taker fees or Kalshi's dynamic pricing curve.
How does FanDuel Predicts compare to Kalshi and Polymarket?
FanDuel Predicts has stronger sports market depth thanks to FanDuel's existing odds desk, but weaker political and macro market coverage than either Kalshi or Polymarket. It also lacks a transparent fee schedule and doesn't pay yield on idle balances, whereas Kalshi pays roughly 4% APY. See our Polymarket vs. Kalshi comparison for more detail on the two market leaders.
Do I have to pay taxes on FanDuel Predicts winnings?
Yes. Event contract profits are taxable income in the US regardless of which platform you use, and the rules aren't always identical to traditional sports betting winnings. Read our full breakdown on prediction market taxes before assuming your FanDuel Predicts winnings are taxed the same way as a sportsbook payout.
Is there a FanDuel Predicts promo code?
No consistently documented standalone promo code for Predicts exists separate from FanDuel's core sportsbook welcome offers as of this writing. Check FanDuel's official app or website directly for current promotions rather than trusting third-party codes.
How do I use FanDuel Predicts?
If you already have a FanDuel account, you access Predicts through the existing FanDuel app, deposit through standard methods like ACH or debit card, and trade YES/NO contracts by entering a dollar amount rather than placing a traditional limit order. New users go through FanDuel's standard KYC process, the same one required for its sportsbook and DFS products.
