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FanDuel will debut a new kind of trading platform this December, but New Jersey users won’t see the full product. The company has announced the upcoming launch of FanDuel Predicts, a standalone app offering event-based trading markets across sports, economic indicators, and global benchmarks.
Developed in partnership with CME Group, the world’s largest derivatives marketplace, FanDuel Predicts introduces a fresh way to “trade” on real-world outcomes, from the price of gold to next quarter’s GDP. But there’s a catch for Garden State residents: sports prediction contracts will not be available in states like New Jersey, where NJ online sports betting is already legal and regulated.
Instead, NJ users may only have access to non-sports contracts, depending on federal and state regulatory approval.
What Can NJ Users Expect from FanDuel Predicts?
FanDuel Predicts won’t be part of the company’s main FanDuel Sportsbook or FanDuel Casino app. It’s a standalone mobile platform built to offer “yes or no” trades on future outcomes. These event contracts are priced between $0.01 and $0.99, similar to how shares are bought and sold in traditional markets.
Topics may include:
- Financial indexes (e.g., S&P 500, Nasdaq-100)
- Commodities (e.g., oil, gold)
- Cryptocurrencies
- Economic data (e.g., CPI, unemployment, GDP)
All users must verify their identity with full KYC (Know Your Customer) information, including Social Security number, valid ID, address, and bank info. The app will also offer tools for responsible trading, like spending alerts, educational resources, and deposit limits.
FanDuel says it will cease offering sports contracts in any state that legalizes online sports betting after the app launches — a key reason why New Jersey, one of the most mature sports betting markets in the U.S., will not see sports markets on the new app.
Will FanDuel Predicts Matter in New Jersey?
For New Jersey bettors already comfortable with FanDuel Sportsbook, FanDuel Predicts may feel limited. Without sports contracts, the core appeal for many users, the app’s relevance in NJ could depend on interest in economic event trading. That said, FanDuel’s entry into the prediction markets space could signal broader innovation ahead.
Whether or not NJ becomes a strong market for FanDuel Predicts, we’ll keep a close eye on the rollout and what it means for regulated platforms in the state.
