US online gambling firm FanDuel is launching a new prediction markets platform next month with derivatives marketplace CME Group.
Announced Wednesday, the platform will offer event contracts on crypto and other benchmarks, including prices of oil, gas and gold.
FanDuel is planning to launch a new mobile app in December, dubbed FanDuel Predicts, where users can place their bets on the outcome of crypto, sports and economic indicators.
“We can’t wait to bring FanDuel’s proven approach to product innovation into this dynamic sector,” said Amy Howe, CEO at FanDuel.
Derivatives marketplace CME Group will offer derivatives and risk management expertise, creating a unique platform that bridges entertainment and financial markets.
“Our partnership with CME Group allows us to leverage their deep market expertise built over decades while delivering the seamless, accessible and trusted experience our customers expect,” Howe added.
Crypto Prediction Markets on the Rise
The move arrives at a time when crypto-native betting platforms are on the rise. Per a Crypto.com research, prediction markets generated over US$27.9 billion in trading volume between January to October 2025.
Last week, sources said that the Gemini exchange will launch prediction market contracts, competing with dominant players, including Kalshi and Polymarket.
Meanwhile, Robinhood is entering the arena after reporting a record quarterly revenue in Q3 from crypto and options trading.
“This is indicative of a trend we’re seeing where more and more industry players are taking notice of the prediction market space,” James Newman, Chief Corporate Affairs Officer at Chiliz, told Cryptonews.
According to Newman, the challenge lies in how companies integrate into prediction markets sustainably, while balancing innovation with responsibility.
Polymarket Becomes Yahoo Finance’s Exclusive Crypto Prediction Market Platform
Elsewhere, the top prediction market for Crypto, Polymarket, has announced a new partnership with Yahoo Finance, becoming its exclusive provider for crypto prediction market.
The collaboration will offer real-time insights based on Polymarket’s bets to Yahoo Finance users.
Polymarket and its rival Kalshi showed record volume growth in the recent past, forming significant alliances and partnerships.
“Sustainable integration means creating an ecosystem that fosters deeper connections, where fans are not just spectators but are empowered as stakeholders,” Newman told Cryptonews. “This is where the future of all fan engagement lies.”
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