FanDuel’s prediction market brand, FanDuel Predicts, is broadening its event derivatives contracts lineup through a new agreement with Crypto.com’s OG Prediction Markets, bringing additional sports, entertainment, and multi-event contracts to users as interest in event-based trading continues to grow during the World Cup.
FanDuel Adds Depth to Its Bench
FanDuel Predicts is currently available through the CME Group but has recently partnered with Crypto.com to expand its reach in the rapidly growing prediction market industry, catering especially to sports event contracts.
Beginning this week, FanDuel customers will have access to contracts sourced from both CME Group and Crypto.com’s CFTC-regulated exchange and clearinghouse. The partnership represents the most significant expansion of FanDuel Predicts since its debut last year and is designed to increase the variety of contracts available on the platform.
The addition gives users access to a wider selection of event contracts while also expanding FanDuel’s combination offerings, which allow multiple outcomes to be bundled into a single position.
“FanDuel Predicts was built to deliver a best-in-class prediction market experience to our customers,” said James Cooper, Senior VP, Flywheel and New Ventures at FanDuel. “These additional product sets give our customers more choices by expanding the breadth of sports and entertainment contracts on our platform.”
FanDuel dipped its toes into the prediction market industry in December when it launched FanDuel Predicts in concert with the CME Group. But just six months later, the company has expanded with another partnership, this time with prediction market powerhouse Crypto.com and its OG Prediction Markets platform, which launched in February of this year. Much like the flexibility found at top crypto sportsbooks, this digital asset integration opens up new ways for users to engage with markets.
“We are thrilled to partner with FanDuel Predicts to bring a new level of depth and experience to its prediction markets experience,” Crypto.com Chief Business Officer Joe Anzures said in a release.
FanDuel Has Company
FanDuel joins a list of major gaming companies already working with Crypto.com. DraftKings, Fanatics, and Underdog have all introduced prediction-market products tied to contracts listed on their platforms, while DraftKings and Fanatics have recently rolled out parlay-style products built around Crypto.com inventory.
The latest deal reflects a broader industry trend as operators test new approaches to event-based trading. While FanDuel is expanding through partnerships with multiple exchanges, DraftKings has indicated that it intends to shift activity towards its recently acquired Railbird exchange, which is expected to support its planned DKeX platform.
Despite these developments, third-party exchanges remain the primary source of contract inventory across much of the industry.
Sports prediction markets continue to raise unanswered legal and regulatory issues. Several states have argued that such products violate existing gambling laws, while operators maintain that the contracts fall under federal oversight through the Commodity Futures Trading Commission.
Even as those disputes continue, companies in the sector are pressing ahead with new products, partnerships, and expansion efforts as competition in the prediction market grows.
Yet, conflicting rulings in the federal, state, and appellate circuits have muddied the legal waters. Many believe the matter will only be definitively settled once the US Supreme Court hears the case, but that may not occur for several years, if at all.
