FanDuel Launches Crypto Prediction Markets with CME Group
FanDuel, the US online sports betting leader, will debut a new crypto prediction markets platform in December. Branded FanDuel Predicts, the mobile app—developed with derivatives expertise from CME Group—lets users trade event contracts on cryptocurrencies, commodities and economic indicators. The partnership leverages CME’s risk-management capabilities to bridge entertainment and financial markets.
The launch coincides with rapid growth in crypto prediction markets, which saw over $27.9 billion in volume from January to October 2025. Competing platforms like Polymarket and Kalshi are forging major partnerships, while exchanges such as Gemini and trading apps including Robinhood are entering the space. Industry expert James Newman of Chiliz (CHZ) highlights the importance of sustainable integration, balancing innovation with responsible market practices.
Bullish
The launch of FanDuel Predicts with CME Group is bullish for crypto prediction markets. Institutional involvement typically boosts liquidity and legitimacy, driving user adoption and higher trading volumes. Similar product rollouts—such as Binance’s options launch and CME’s own Bitcoin futures—prompted sustained market growth and broader participation. In the short term, traders may see increased volume and volatility in event-contract trading. Over the long term, heightened competition among FanDuel, Polymarket, Kalshi and others should foster innovation, deeper market depth and new use cases, further embedding crypto prediction markets into mainstream finance.