With the consistent rise in the number of prediction markets, this FanDuel review is all you need to learn more about the prominent sportsbook and DFS provider as it enters the prediction market space.
Let’s be clear; this is just an assessment of the predictions app. This is a separate entity from the sportsbook, as it deals in yes or no contracts on varying fields, such as politics and entertainment.
If you’ve not yet registered, you’re probably hoping for a welcome bonus – perhaps courtesy of a FanDuel Predicts promo code. Well, I have good news – newcomers can start making predictions with a $10 bonus, and you don’t even need a code.
Simply open your account, complete the verification process, and deposit a minimum of $10. Within 72 hours, you’ll receive a “Predicts Bonus”, which can be used on any FanDuel prediction markets within the app.
Please remember to trade responsibly – although you get a bonus, you’re still risking at least $10 of your own money.
Unfortunately, there are no ongoing promotions for regular FanDuel Predicts users. Nor is there any kind of loyalty bonus – the existing FanDuel Players Club is only for DFS, while the Rewards Club applies to casino users.
Note that all of the mentioned features are as of the time of writing, but if things change in the future, and new bonuses appear, it will be updated.
FanDuel Predict is a prediction market site and this app covers trading markets that all relate to yes or no questions. This comes with a trading price between $0.01 and $0.99 beside each choice.
Users can buy contracts within the set price ranges, and they can select any outcome shaped by the odds on each result. For instance, if it costs $0.50 for a “Yes” contract, that implies a 50-50 likelihood. $0.01 means the outcome has an implied probability of just 1%, with $0.99 equivalent to 99%.
Once purchased, it’s up to you what happens next. You can either wait until settlement, in which case you’ll be paid if you predicted the correct outcome, or continue to buy and sell as prices fluctuate.
No – not at all. Although FanDuel offers betting odds based on probabilities, there are two key differences. First, FanDuel Predicts structures every market as a simple Yes/No question, whereas sports bets may involve dozens of outcomes.
More importantly, betting is a one-time thing – you make a call, pay the stake, and await the outcome. Your decision is often permanently locked in. Prediction markets, on the other hand, allow you to take a position, which you can close or modify before the event begins.
To sum it all up, it’s more like buying and selling shares on the stock market. It’s also regulated this way.
To explain how it all works, let’s use Super Bowl LX as an example. Before the game, FanDuel Predicts could have posed the question “Will the Seahawks win Super Bowl LX?” and players would either buy “Yes” or “No” contracts.
If you’d purchased 100 “Yes” contracts at $0.60, then waited until the result was in, you’d have secured a $60 win: 100 x $0.60 = $60.
Alternatively, you can close your position when the price increased to $0.65 per contract. By selling these contracts at the new price, you’d have locked in a $5 profit. How? 100 x $0.65 = $65, from which you subtract the original $60 position.
This is a simplified example for illustrative purposes, which excludes the 2% transaction fee charged by FanDuel Predicts. Don’t forget to include that in your calculations – an annoying mistake I made while writing this FanDuel review!
Okay, now I’ve explained the mechanics, you’ll want to get started. Download the application on your mobile device first, by following the links in my guide. It’s not possible to use FanDuel Predicts from a desktop computer.
You’ll notice this is a distinct product from the FanDuel sports betting app or casino. Prediction markets are only available on this specific application, and can’t be found in any of FanDuel’s other products.
However, once you’ve got the app, you can use your existing sports, casino, or DFS username and password to log in and start making predictions. If you’re not already part of the FanDuel family, you must register, verify your identity, and answer a few regulatory questions first.
It’s possible to open an account from anywhere in the United States. And don’t be put off by the questions during the signup process.
I know they’re annoying, and you don’t have to do any of this to register for FanDuel’s other products. But it’s a legal requirement to comply with CFTC regulations – they’re in place to protect us.
Once you’re up and running, you’ll find the app really easy to use. It’s got that familiar FanDuel look and feel, and like the other apps, it’s intuitive.
One feature I particularly like is the option to change the contract prices from cents to percentages. It’s also possible to have them mimic the FanDuel betting odds even though the mechanics are different, if that makes things easier.
FanDuel lets you make predictions on pretty much anything. Here are some examples of popular FanDuel prediction markets:
| Category | Example Markets |
|---|---|
| Finance | Bitcoin to reach $150,000 by a specific date? S&P 500 close above 5,000 on Friday? |
| Sports | Lakers cover the spread vs. Clippers? Over 48.5 points in Bears vs. Vikings? |
| Celebrities | Timothée Chalamet wins the Oscar for Best Actor? Cardi B attends the Super Bowl? |
| Politics | Republican House control after midterms? Federal government shutdown by a specific date? |
| Weather | Tornadoes in the US this month >5? Central Park temp >50°F? |
Just like in the sportsbook markets, all prediction markets are selected by FanDuel, but if there’s something you have in mind, reach out on social media or speak to the support team. If it complies with regulatory requirements, there’s a good chance it’ll appear on the app.
One last thing – if the FanDuel sports betting app is legal where you live, don’t expect to find sports-related prediction markets. They’re only available in states where sportsbooks aren’t available.
FanDuel Predicts is 100% legitimate. First of all, it’s operated by FanDuel Prediction Markets LLC, which is registered with the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). With proper regulation in place, you can be sure that everything’s legal and above board. The company is also a joint venture between CME Group Inc. and the highly reputable FanDuel Group, known for its trustworthy sportsbook, casino, and DFS operations.
People have posed questions about the legality of prediction markets, comparing it to sports betting. But right now, there’s nothing to suggest it’s illegal anywhere in the country. You don’t need a sportsbook license to operate such platforms, either.
To get involved with FanDuel prediction markets, you’ll need to fund your account. There are only two options, unfortunately, due to CFTC regulations: debit card payments and ACH bank transfers.
Only Visa and Mastercard are accepted, and you can’t use credit cards like American Express. This is also true for payouts, which are almost always processed within 48 hours.
Both the minimum deposit and withdrawal requirements are just $10. This compares favorably against other prediction betting platforms – you don’t have to be a big spender to enjoy this app.
Although I’ve read FanDuel reviews that claim Venmo and PayPal are accepted, that’s not true. You can use those methods at the sportsbook and casino, but not the FanDuel Predicts app.
Before I wrap up, I’d better mention the customer support options. The usual channels are available, starting with a help center that’s accessible from the “contact us” link in the website footer.
If those FAQs don’t help, use the Live Chat option to speak with a member of the team – they’re available 24/7. Alternatively, drop an email or hit them up on social media, either using Facebook or X.
I’ve only ever had to reach out once, and I found the agent friendly and polite. I got the answer I needed quickly – in less than a minute, actually. However, before I could get that far, I had to fight with “Coach Bot”, which makes it difficult to speak to a human.
In fairness, the chatbot is good at dealing with basic problems. But if your issue is anything beyond a straightforward FAQ, you must jump through a series of hoops, then verify your email address.
Prediction markets are still a relatively new phenomenon, but there’s already plenty of apps appearing. However, I really like FanDuel’s platform, which is only going to get better. I’m confident it will establish itself as one of the country’s top choices for the foreseeable future. Considering that FanDuel is a trusted name when it comes to sports betting and DFS, participating in this prediction market shouldn’t be that hard to trust as well.
Some experienced traders claim there are not enough advanced features yet, but these will surely arrive in time. Besides, it’s intentionally designed for beginners at this point, to help people get involved in what is a new form of entertainment.
If you’d like to try FanDuel Predicts, click the links in my guide to download the app. Join today for a $10 bonus to use on whatever markets you like.
FanDuel Predicts is an app that invites users to make predictions on a range of Yes or No questions. You can buy or sell contracts at prices ranging from $0.01 to $0.99 cents. Either wait for the result or trade as prices fluctuate.
To comply with CFTC regulations, it’s only possible to deposit and withdraw using Visa, Mastercard, and ACH online banking. Unlike other FanDuel apps, you cannot use Venmo, Apple Pay or PayPal.
Very much so – the FanDuel Predicts app is regulated by the CFTC, and players cannot purchase contracts until they’ve passed KYC verification. You’ll also find plenty of positive FanDuel reviews online – it’s a well-known and trustworthy company.
You can join from any of the USA’s 50 states. However, as I mentioned elsewhere in my FanDuel platform review, you won’t find sports-themed predictions if betting apps are legal where you live.
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