iGaming Daily Ep 590: Is FanDuel Heading For A Prediction Market Showdown?
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Aug 27, 2025 Jessica Welman, Managing Editor of SBC Media and expert on prediction markets, joins Tom Nightingale, Senior Journalist covering sports betting. They dive into FanDuel's intriguing partnership with CME Group, marking their venture into prediction markets without sports. The discussion highlights regulatory hurdles, particularly from the Ohio Casino Control Commission, and how this move could position FanDuel as a front-runner in an evolving landscape. Insightful commentary on navigating between state and federal gaming regulations adds depth to the conversation.
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FanDuel Teams With CME For Event Contracts
- FanDuel partnered with CME Group to operate non-clearing FCM access to event-based contracts through FanDuel's platform.
- The initial product focuses on financial event contracts and explicitly excludes sports for now, though sports are being considered.
Geofence High-Risk Markets First
- Consider offering prediction contracts only where licenses or regulatory risk is minimal by geofencing or operating in markets without strict licenses.
- Avoid launching controversial sports contracts in states where you risk your core gambling license.
Canada Shows FanDuel's 'Funsies' Markets
- FanDuel Canada already offers lighthearted pop-culture markets like Oscars and lifestyle events which act as precedents.
- Jessica suggests FanDuel might roll similar low‑limit, fun markets into select US states where regulation allows.