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FanDuel Predicts, the prediction markets platform from FanDuel parent Flutter Entertainment, has expanded its event contract offering through a partnership with Crypto.com‘s federally regulated exchange, OG Prediction Markets.
The deal, announced June 9, 2026, adds sports, entertainment and combination contracts to a platform that previously leaned mainly on financial and economic benchmarks, timed to coincide with the 2026 FIFA World Cup.
The agreement gives FanDuel Predicts a second source of contract inventory alongside CME Group, its original exchange partner. It’s also the clearest sign yet that sportsbooks see partnership, not just in-house development, as a viable way into prediction markets — and that the line between sports betting and event trading keeps narrowing.
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Trade on Sports to Culture, Financials, Crypto and More
FanDuel Predicts adds a second exchange partner
FanDuel Predicts launched in five states in December 2025 as a joint venture between FanDuel Group and CME Group, built around contracts tied to benchmarks such as the S&P 500, oil and gas prices, gold, cryptocurrencies, and indicators like GDP and CPI. The platform has since gone nationwide and now offers sports-related contracts in 18 states where online sports betting isn’t legal, including California, Texas and Florida.
The Crypto.com deal broadens that lineup. Through OG Prediction Markets — Crypto.com’s CFTC-regulated exchange and clearinghouse — FanDuel customers gained new sports and entertainment contracts, plus combination contracts that let users trade linked outcomes in a single transaction.
According to Legal Sports Report news, James Cooper, FanDuel’s senior vice president of Flywheel and New Ventures, said the additions broaden choice without replacing the platform’s existing CME-based offerings. Crypto.com Chief Business Officer Joe Anzures framed the partnership as proof the exchange can handle high-volume moments like the World Cup.
How OG Prediction Markets became a key industry supplier
Crypto.com, founded in 2016 and best known as a crypto exchange, became a federally regulated derivatives player after acquiring Nadex. That foundation let it launch OG, its own prediction markets platform, in February 2026. OG already supplies contract inventory to DraftKings and Fanatics products, even as Crypto.com itself is named in several state lawsuits alleging that sports-related event contracts amount to unlicensed gambling.
For FanDuel, partnering with an established, federally licensed exchange means broadening its sports offering without pursuing its own designated contract market registration — a costly, slow regulatory process. CME Group remains FanDuel’s joint-venture partner; Crypto.com is additive.
Top sportsbooks race to build prediction markets
FanDuel isn’t alone in chasing this category. DraftKings acquired CFTC-licensed exchange Railbird to build its own platform, DKeX, and plans to migrate activity there over time. Fanatics and Underdog have launched products drawing on Crypto.com-listed contracts. Robinhood and Coinbase have entered largely by offering access to Kalshi’s contracts.
Kalshi, the company most responsible for kicking off this wave, has grown rapidly — sports trading reportedly makes up most of its volume — but that growth has brought serious legal exposure. More than 20 lawsuits are pending across federal and state courts over whether its sports contracts are legitimate federally regulated derivatives or unlicensed sports betting by another name.
Rulings have split: according to CNBC news, the 3rd U.S. Circuit Court of Appeals sided with Kalshi in a New Jersey case in April 2026, finding the CFTC has exclusive jurisdiction, while courts in Massachusetts and Maryland ruled the opposite way. Washington, Wisconsin, Arizona and other states have filed their own suits, and the CFTC has gone on offense in several jurisdictions to defend federal preemption. Legal observers increasingly expect the issue to reach the U.S. Supreme Court or require congressional action.
That uncertainty hasn’t slowed the major operators. Flutter told investors during its Q1 2026 earnings call that prediction markets have generated modest revenue so far but that it plans to invest $250 million to $300 million into FanDuel Predicts during 2026.
The business case behind FanDuel’s Crypto.com bet
FanDuel remains one of the largest sportsbook operators in North America, but it faces the same pressures as the rest of the industry: high acquisition costs, intense competition, and a hard ceiling in states where sports betting isn’t legal. Prediction markets, regulated federally rather than state by state, offer a way around that last constraint.
Partnering with Crypto.com gives FanDuel Predicts:
- Faster access to a broader contract catalog without building exchange infrastructure from scratch
- Exposure to states — including California, Texas and Florida — where it can’t otherwise offer sports betting
- A second inventory source that reduces reliance on any single exchange partner
- A low-cost way to test demand before committing further capital
Sportsbooks and prediction markets are coverging fast
A year ago, most sportsbooks were watching prediction markets from the sidelines. Not anymore. DraftKings is building its own exchange. FanDuel is partnering with established providers. Fanatics, Underdog, Robinhood and Coinbase have found their own paths in, mostly by routing through Kalshi’s or Crypto.com’s regulated infrastructure.
Sports event contracts and traditional sports wagers increasingly look alike to customers: both involve forecasting an outcome, risking money, and settling on a real-world result.
The courts haven’t settled whether that similarity makes them the same thing for regulatory purposes, but the commercial logic is already pushing the two industries toward convergence — with FanDuel betting that partnership is the fastest, lowest-risk way to be part of it.
