FanDuel Predicts launches U.S. prediction markets, opens in California
FanDuel Predicts has launched its prediction markets product in the United States with availability in California for users aged 18 and older, according to coverage in late July. The platform is offering NFL season trading markets. A guide published by Bonuspredictions.com outlines the product's fees, payout structure, and distinctions from traditional sports betting. FanDuel's entry follows its parent company Flutter's broader push into regulated event contracts.
FanDuel Predicts brings 17 million Flutter users into direct competition with Kalshi and Polymarket for the sports event contract vertical. Jefferies has already penciled in a $150 million EBITDA target for the product, giving Flutter management cover to fund regulatory fights in Congress and multiple states. That scale lets FanDuel undercut smaller platforms on customer acquisition before regulators settle whether event contracts belong under CFTC or state gambling rules.
The CFTC's proposed Rule 40.11 public-interest framework and the Schiff-Curtis federal ban bill are both advancing, so any platform without deep legal reserves faces a narrowing launch window. FanDuel Predicts from an experimental product into a measurable revenue line means Kalshi and Polymarket must now price against a sportsbook-backed entrant with a clear path to profitability and a marketing budget they cannot match.