CoinDesk Podcast Network Fanatics Launches Real-Money Prediction Market | CoinDesk Daily
Dec 4, 2025
Fanatics is making waves with the launch of a real-money prediction market, set to roll out across 24 states. Initial operations are live in 10 states, with expansions planned into major markets like California and Texas. The show also highlights a Connecticut investigation into unlicensed betting involving major firms like Robinhood and Crypto.com. Additionally, there's a discussion about Senate progress on crypto oversight nominees, shedding light on potential regulatory changes in the industry.
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Crypto.com Partnership And State Rollout
- The company partnered with Crypto.com to build Fanatics Markets and already went live in 10 states.
- Major states like California, Texas, Florida and Washington are listed as coming soon.
Fanatics Enters Real-Money Prediction Markets
- Fanatics is launching Fanatics Markets to let users trade real-money predictions across 24 U.S. states in phases.
- The platform covers sports outcomes now and plans to expand into crypto, IPOs, and tech markets.
Regulatory Risk From State Enforcement
- States are scrutinizing prediction and contract markets as potential unlicensed sports betting.
- Connecticut accused Robinhood, Calci and Crypto.com of operating unlicensed sports wagering and ordered them to cease operations.