Name: FanDuel Launches Prediction Markets in 5 Different States
Uploaded: 2025-12-26T13:54:15-05:00
Duration: 2 min 27 s
Description: FanDuel launches prediction markets in 5 states, competing with DraftKings. For more legal analysis across the gaming industry, check out Legal Sports Report.

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FanDuel launches prediction markets in 5 states, competing with DraftKings. For more legal analysis across the gaming industry, check out Legal Sports Report.

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Uh, all right, Sam, let's close out on, uh, FanDuel. FanDuel says, hey, look, we're getting into the prediction markets as well. 5 states without legal sports betting following suit from DraftKings the week before. Yeah, FanDuel launching its prediction market in 5 states, Alabama, Alaska, North Dakota, South Dakota, and South Carolina. All states where it doesn't have a legal sports betting product. This is just kind of the latest effort for a sports book to reach, uh, states where sports betting isn't legal. We've certainly seen Calhi have tremendous success with this, reaching all 50 states regardless of sports betting law. FanDuel now joining DraftKings and Fanatics. Kind of a sports book saying we're tired of waiting. We don't want to let Calhi and Polymarket and these other prediction markets gobble up this market share in states before we can, you know, despite a number of lawsuits, despite now 30+ states, uh, joining those lawsuits saying that these products are illegal sports betting, that are not following the law. Uh, in the meantime, the courts kind of, we wait on a decision to be made. FanDuel comes in with their new Product, uh, only in 5 states to start, notably less than DraftKings and Fanatics. Uh, FanDuel actually, interestingly enough, said that if a state legalizes sports betting, a state like California, Texas, Georgia, presumably where it plans to expand with its sports prediction markets next year, one of those states launches legal sports betting, uh, then FanDuel said it will pull out with its prediction products. So, right now, it's really looking like just a way to Reach the sports betting customers in states where you don't have it, and they would still much, much prefer, uh, reaching those sports betting customers with an actual sports betting product, where they can offer parlays, where they can offer, um, you know, higher margin, uh, more profitable, um, offerings for the book itself. Uh, FanDuels come out and said that by February, it expects to be, you know, in at least, I, I think 30 states is the number, which is about what DraftKings is at right now. Um, and it really wants to have the best competitive product if prediction markets are here to stay. That would mean offering parlays, that would mean offering other bet types as well. Uh, for now, this is just kind of the start of it, but definitely a huge, huge change, uh, for a company that has been doing sports betting, uh, since the fall of past but only focusing on that. FanDuel, DraftKings, Fanatics all left the American Gaming Association recently because of this split on prediction markets. We'll see just how heavily, uh, they kind of double down or get involved with it in the year ahead and, um, the ripple effects that it has on other policies and other sports books in general.

FanDuel Launches Prediction Markets in 5 Different States

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