US Sports Betting Platform FanDuel to Enter Crypto Prediction Markets
US online gambling firm FanDuel is set to launch a new prediction markets platform in partnership with derivatives marketplace CME Group. The platform will offer event contracts on crypto and other benchmarks, including prices of oil, gas, and gold. This move marks a significant expansion into the crypto space for FanDuel, which is planning to launch a new mobile app in December, dubbed FanDuel Predicts.
According to Amy Howe, CEO at FanDuel, “We can’t wait to bring FanDuel’s proven approach to product innovation into this dynamic sector.” The partnership with CME Group will leverage their deep market expertise, creating a unique platform that bridges entertainment and financial markets. As Howe added, “Our partnership with CME Group allows us to leverage their deep market expertise built over decades while delivering the seamless, accessible and trusted experience our customers expect.”
Crypto Prediction Markets on the Rise
The move arrives at a time when crypto-native betting platforms are experiencing significant growth. According to a Crypto.com research, prediction markets generated over US$27.9 billion in trading volume between January to October 2025. This trend is indicative of a growing interest in crypto prediction markets, with other major players such as Gemini exchange and Robinhood also entering the space.
James Newman, Chief Corporate Affairs Officer at Chiliz, noted that “this is indicative of a trend we’re seeing where more and more industry players are taking notice of the prediction market space.” However, Newman also highlighted the challenge of integrating into prediction markets sustainably, while balancing innovation with responsibility. As he stated, “Sustainable integration means creating an ecosystem that fosters deeper connections, where fans are not just spectators but are empowered as stakeholders.”
Meanwhile, Polymarket has announced a new partnership with Yahoo Finance, becoming its exclusive provider for crypto prediction market. The collaboration will offer real-time insights based on Polymarket’s bets to Yahoo Finance users. This partnership is a significant development in the crypto prediction market space, with Polymarket and its rival Kalshi showing record volume growth in recent times.
Partnerships and Expansions
CME Group is launching prediction markets with FanDuel, allowing customers to trade event contracts on global benchmarks and economic indicators, with sports outcome contracts available in non-online sports. As CME Group tweeted, “Coming this December, CME Group is launching prediction markets with @FanDuel. Through the new FanDuel Predicts app, customers will have the ability to trade event contracts on global benchmarks and economic indicators, with sports outcome contracts available in non-online sports…”
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