NEW YORK — To go along with betting on sports, Alabama residents will be able to make wagers on financial markets.
FanDuel and derivatives marketplace CME (Chicago Mercantile Exchange) Group are launching FanDuel Predicts in a phased national rollout over the coming weeks.
Alabama, Alaska, South Carolina, North Dakota and South Dakota are the initial targets for the app, the companies said in a news release.
“We’re giving our customers a new platform to engage with the world around them – whether that’s the next Fed rate decision or a sports event,” said James Cooper, Senior Vice President, Flywheel and New Ventures at FanDuel. “This launch in five states will provide valuable insights into customer engagement with this new platform, enabling us to refine our approach as we expand to additional states in 2026.”
According to the news release, FanDuel Predicts will provide customers with a platform to express their views on the day’s biggest stories across financial indicators, cultural moments and sports.
The new mobile application will be available in the Apple App Store and Google Play and will integrate FanDuel’s “Know Your Customer” sign-up process, requiring customers to submit their birth date, Social Security number, home address, banking information and a government-issued ID.
Once the Predicts account is created, customers can buy or sell event contracts ranging in price from as little as one cent to 99 cents by choosing “Yes” if they think an event will happen or “No” if they don’t.
The platform will offer event contracts in all 50 states on benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and CPI.
“CME Group prediction markets will enable a new generation of users to express their views on global benchmarks, economic indicators, sports and more,” said Lynne Fitzpatrick, President and Chief Financial Officer, CME Group. “This launch is a pivotal step for expanding the reach of our products to FanDuel’s millions of registered users across the U.S.”
In addition to financial markets, sports contracts will be available across baseball, basketball, football, and hockey in states where online sports betting is not yet legal, except on tribal lands.
As new states legalize online sports betting, FanDuel Predicts will cease offering sports event contracts in those states.
The rollout of FanDuel Predicts will continue to other states through early 2026.
At launch, customers will be able to set deposit limits, deposit alerts or self-exclude if needed with mental health services provided by Kindbridge Behavior Health.
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