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FanDuel is set to enter a new frontier with the December launch of FanDuel Predicts, a standalone app that will allow users to trade on the outcomes of real-world events, from sports games to economic benchmarks like the S&P 500 and gas prices. The new app will be available in all US states, including Pennsylvania.
A new way to trade on events, including sports, coming soon
The app is the result of a partnership between FanDuel and CME Group, the world’s leading derivatives marketplace. Unlike the FanDuel sportsbook, FanDuel Predicts will not operate under traditional gambling regulations. Instead, it will offer event contracts — simple yes-or-no trades priced between $0.01 and $0.99 — aimed at broadening public access to financial markets.
Where it gets particularly interesting for Pennsylvanians: sports outcome contracts will only be offered in states where online sports betting is not yet legal. That means PA residents are unlikely to see sports-related markets on the app at launch, but could still access other contract types tied to global benchmarks, pop cultural events, and economic indicators.
Financial Market Meets FanDuel UX
FanDuel says the new app will include its hallmark consumer protections, including deposit limits, spending alerts, and educational tools for beginners. Users must complete full identity verification, including providing a valid ID, Social Security number, and banking details.
In states without regulated sports betting, users will be able to trade contracts on NFL, NBA, MLB, and NHL game outcomes. But as sports betting legislation spreads, FanDuel will cease offering sports event contracts in those states, keeping the platform’s regulatory footing focused on derivatives rather than gaming.
For non-sports trades, users can expect contracts tied to assets like gold, oil, crypto, GDP, and inflation (CPI). According to CME Group CEO Terry Duffy, the new product could appeal to millions of people who don’t currently participate in futures markets or trading platforms.
Final Thoughts on FanDuel Predicts in PA
The FanDuel Predicts launch represents a major move into the prediction market space, with potential long-term implications for how consumers engage with real-world events. While Pennsylvania residents won’t be able to trade on sports contracts, they may still access the financial and economic markets if federal and state regulators allow. We’ll be tracking how the platform rolls out and whether the prediction market model gains traction in the Keystone State.
