FanDuel Predicts, the predictive markets platform by FanDuel and Flutter Entertainment, has expanded its product catalog through a strategic alliance with Crypto.com and its derivatives marketplace, OG Prediction Markets.
The agreement will facilitate the integration of new contracts linked to sports and entertainment occurrences, alongside multi-event parlay contracts within a single transaction. These products will complement the existing contracts that FanDuel Predicts already offers through the CME Group.
Users will begin to see contracts from both CME Group and OG Prediction Markets rolling out this week, aligning with the kickoff of the football World Cup.
More Sports and Entertainment Options
James Cooper, Senior Vice President of Flywheel and New Ventures at FanDuel, explained that this expansion aims to deliver a wider diversity of products within the platform.
“These new product suites offer more options to our customers by expanding the variety of sports and entertainment contracts available,” Cooper noted.
On the other hand, Joe Anzures, Commercial Director at Crypto.com, highlighted that the company's regulated exchange and clearing infrastructure will deliver a predictive markets experience fully prepared for high-impact events.
According to Anzures, the launch with FanDuel Predicts showcases Crypto.com’s capability to provide a regulated, scalable derivatives infrastructure tailored to major international events.
CFTC-Regulated Contracts
The new products will be listed on OG Prediction Markets, Crypto.com's exchange and clearinghouse regulated by the Commodity Futures Trading Commission (CFTC).
FanDuel Predicts is the interface for FanDuel Prediction Markets, a joint venture between FanDuel Group and CME Group. Accounts are managed through FanDuel Prediction Markets LLC, registered as a futures commission merchant and member of the National Futures Association (NFA).
The platform operates across all 50 US states, offering contracts on financial benchmarks such as the S&P 500 and Nasdaq 100, oil, gas, and gold prices, cryptocurrencies, as well as economic indicators like GDP and inflation.
In states where FanDuel does not offer traditional sports betting, users can still trade contracts based on sports and entertainment outcomes. Contracts are priced between $0.01 and $0.99, allowing users to buy if they believe an event will occur or sell if they predict the opposite.
The addition of OG Prediction Markets thus broadens the roster of providers, categories, and combinations available within FanDuel Predicts amid the rapid expansion of regulated prediction markets in the United States.
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