Can’t decide between Fanatics Markets and FanDuel Predicts? Here’s a side-by-side comparison, covering regulation, fees, available markets, and state access. If you want to see how both platforms stack up across the full prediction markets landscape, start with our prediction markets guide.
Overall winner: FanDuel Predicts wins for most people. It is available in all 50 states, open to anyone 18+, and if you already have a FanDuel account, you can start trading in minutes. Fanatics Markets is the better call if sports are your thing and you are in one of its 24 states.
FanDuel Predicts is best for: Anyone already in the FanDuel ecosystem, anyone in a state where Fanatics Markets is not available, or anyone focused on financial market contracts like the S&P 500, gold, or economic indicators.
Fanatics Markets is best for: Sports-first traders who want the widest selection of leagues and market types, including international soccer, tennis, golf, motorsports, and MMA.
The single biggest differentiator: State availability. FanDuel Predicts is nationwide; Fanatics Markets covers 24 states. If Fanatics Markets is not live where you are, the choice is already made for you.
Regulatory Status | CFTC-registered FCM (FanDuel Prediction Markets LLC); contracts on CME Group exchanges; NFA member | CFTC-registered Introducing Broker (Paragon Global Markets d/b/a Fanatics Markets IB); contracts on CDNA (Crypto.com | Derivatives North America); NFA member |
US Availability | All 50 states (markets vary by state) | 24 states (states without legal online sports betting) |
Market Categories | Financial (S&P 500, Nasdaq-100, gold, oil, crypto, CPI, GDP) in all 50 states; sports (match outcomes, futures, live in-play) in 18 states; culture | Sports (NFL, NBA, MLB, NHL, NCAA, international soccer, tennis, golf, MMA, motorsports, cricket, esports, sailing), crypto, politics, culture, economy, companies |
Trading Fee | 2% fee charged at trade entry and on early cashouts; no fee at settlement | $0.0034-$0.0275 per contract; flat $0.02/contract for contracts priced $0.20-$0.80 |
Crypto Required | No | No |
Payment Methods | Debit card (Visa/Mastercard), Apple Pay, online banking | Debit card, Apple Pay, ACH/online banking, wire transfer ($1,000 min) |
Withdrawal Speed | Debit card: within 24 hours; online banking: within 5 business days (up to 48hr review on first withdrawal) | 2-3 business days (debit); 3-5 business days (ACH) |
Mobile App | iOS + Android | iOS + Android (no desktop version) |
Tax Reporting (1099) | Contracts treated as derivatives; profits may qualify for 60/40 capital gains treatment; FanDuel issues 1099-B or 1099-MISC at $600+ | Contracts treated as derivatives or futures; 60/40 capital gains treatment possible under Section 1256; platform issues Form 1099-B |
Current Promotion | $25 Predicts Bonus for new users who deposit and place any trade (valid through July 20, 2026; 18-state eligibility) | Up to $150 FanCash via daily trade match (through July 5, 2026); $500 FanCash for trading $10K volume |
Best For | All-state access, financial market traders | Sports-first traders in non-sportsbook states |
Both platforms are CFTC-regulated but built on different exchange infrastructures. Fanatics Markets routes through CDNA (Crypto.com | Derivatives North America, formerly Nadex), which handles both exchange and clearing. FanDuel Predicts lists contracts on CME Group exchanges, the world’s largest derivatives marketplace. FanDuel Predicts also holds FCM (Futures Commission Merchant) status, a higher CFTC registration tier than Fanatics Markets’ introducing broker designation, meaning FanDuel Predicts carries customer accounts directly.
Fanatics Markets has the deepest sports catalog: NFL, NBA, MLB, NHL, college sports, MLS, international soccer, tennis, golf, motorsports, MMA, cricket, esports, and sailing, plus a live FIFA World Cup 2026 hub. Sports market types include outright winners, spreads, totals, player props, and live in-game contracts. FanDuel Predicts offers sports contracts in 18 states but focuses on simplified options: match outcomes (moneyline), tournament futures, and live in-play betting. FanDuel Predicts’ real strength is financial markets: S&P 500, Nasdaq-100, gold, oil, natural gas, crypto, and others.
Both platforms charge at the time you enter a trade. Fanatics Markets charges $0.0034 to $0.0275 per contract, with a flat $0.02 fee for contracts priced between $0.20 and $0.80. FanDuel Predicts charges a flat 2% on the value of contracts you buy, and also on early cashouts. Neither platform charges a fee at settlement. FanDuel Predicts does not charge deposit fees, while Fanatics Markets charges up to 2% on debit and Apple Pay deposits (ACH is free on both).
FanDuel Predicts is available in all 50 states and accepts users 18+. Fanatics Markets covers 24 states and requires users to be 21+. Already have a FanDuel account from the sportsbook or DFS? That is your login for Predicts. You still have to answer a few additional federal KYC questions (a CFTC requirement for everyone, regardless of prior verification), but there is no new account to create. Fanatics Markets requires a fresh signup, though FanCash carries over if you are already in the Fanatics ecosystem.
FanDuel Predicts’ main strength is financial markets, available to everyone in all 50 states. You can trade contracts tied to real benchmarks: S&P 500, Nasdaq-100, gold, oil, crypto, and economic releases like GDP and CPI reports. These markets run nearly around the clock during the week (S&P 500 contracts go from Sunday 6 PM through Friday 4 PM ET), so you don’t have to wait around for a game to tip off.
Sports betting markets are available in only 18 states: AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, and UT.
Fanatics Markets is built around sports. Current categories include NFL, NBA, MLB, NHL, college football, college basketball, MLS, international soccer (EPL, Serie A, Champions League, La Liga, Ligue 1, Bundesliga), tennis, golf, motorsports (F1), MMA/boxing, cricket, esports, and sailing. There is a dedicated FIFA World Cup 2026 hub live right now. Within a given game, expect outright winner, spread, total, and player prop markets (passing/rushing/receiving yards, touchdowns), plus live in-game markets during events. Non-sports categories include crypto, politics, culture, economy, and companies.
After testing both, Fanatics Markets is the easy winner on sports. More leagues, more market types, live player props. FanDuel Predicts’ sports offering is intentionally simple. Where FanDuel Predicts takes over is in financial markets: S&P 500, gold, CPI reports. Fanatics Markets doesn’t match FanDuel Predicts’ depth there.
Fanatics Markets charges a per-contract fee ranging from $0.0034 to $0.0275 depending on the contract’s price. Fees peak near the $0.50 midpoint and taper off as contracts approach $0.01 or $0.99. For contracts priced between $0.20 and $0.80, where most of the active trading occurs, the fee is a flat $0.02 per contract. No fee is charged at settlement.
Example at $0.50: Buy 10 contracts at $0.50 each. Total cost: $5.00 + $0.20 in fees = $5.20. If your prediction is correct, each contract settles at $1.00, returning $10.00. Net profit: $4.80.
Deposit fees: ACH and online banking deposits are free. Debit card and Apple Pay deposits incur a fee of up to 2%. Withdrawals are always free.
FanDuel Predicts charges a 2% fee when you first buy a contract, and again if you sell before it settles. If you hold to the end and your prediction is correct, you collect the full payout with nothing taken out at settlement. Your cost is locked in the moment you trade.
Example at $0.50: Buy 10 contracts for a total of $5.00. The 2% fee adds $0.10, so you pay $5.10. If you are right, each contract settles at $1.00: $10.00 back, $4.90 profit.
Deposits are free on FanDuel Predicts regardless of payment method. Withdrawals are also free.
At a $0.50 contract price, Fanatics Markets charges $0.02 per contract (4% of position value) while FanDuel Predicts charges 2% of the total trade value. On a $5.00 position, that is $0.20 at Fanatics vs. $0.10 at FanDuel Predicts. FanDuel Predicts has the lower per-dollar fee at mid-range contract prices. Fanatics Markets’ fee is lower for contracts near the extremes (below $0.20 or above $0.80). For most active sports traders buying near $0.50, FanDuel Predicts is slightly cheaper in absolute terms. FanDuel Predicts also has no deposit fees, while Fanatics Markets charges up to 2% on debit and Apple Pay deposits.
Both platforms welcome bonuses as of July 2026.
Fanatics Markets has a weeklong welcome bonus. To claim it, sign up and verify your account. From there, trade once a day for up to 7 days. Fanatics matches each daily trade in FanCash, up to $10 on Day 1 and up to $35 by Day 7, for a total of $150 if you max all seven days. High-volume traders can snag a heftier bonus: trade $10,000 in cumulative volume and get $500 FanCash. Note that FanCash is not withdrawable as cash. It is loyalty currency spendable on merch and across Fanatics properties.
FanDuel Predicts offers new traders up to $25 to get started. To claim your bonus, sign up, make a deposit, and place any trade. This bonus is only available in the 18 sports-market states and is credited within 72 hours of qualifying. It expires 7 days after it lands, and the $25 itself is not withdrawable, but any winnings from it are.
FanDuel Predicts is available on iOS and Android. The biggest UX advantage is for existing FanDuel users: sign in with your current credentials, answer the required federal trading experience questions, and you are trading in minutes without the need to create a new account. The home screen is organized by category tabs: For You, Crypto, Commodities, and Financials. Bottom navigation categories include Home, Search, My Orders, Promos, and Learn. The My Orders tab shows active Positions and trade History. Price display can be toggled between formats, including cents pricing. Early cash-out is available on select markets on the My Orders page.
The Learn section in the app covers Prediction Markets 101, Orders, and Markets, with dedicated help articles that are useful for new users getting up to speed. The app connects to FanDuel Sportsbook for users who want to cross between prediction markets and traditional betting.
Fanatics Markets is mobile-only (iOS and Android, nothing on desktop). The app is fast and clean with real-time price updates and quick order execution. Opening it lands you on a scrollable home screen where you can browse by category (Sports, World Cup, Crypto, Politics or tap Live) to see what is happening right now. When you find a market, pick Yes or No, set your contract quantity, and confirm. Before you commit, the app shows your exact payout and fee total.
The Search tab lets you find specific teams, players, and events directly or browse all categories A-Z with a Trending section surfacing active markets. You can sell a position before settlement to lock in a profit or cut a loss, though only for the full position. Partial exits are not available. There are no social features, no leaderboards, and no way to see what other traders are doing.
FanDuel Predicts has the cleaner onboarding for existing FanDuel users. Fanatics Markets has a more detailed sports-browsing experience.
| Feature | FanDuel Predicts | Fanatics Markets |
|---|---|---|
| Deposit Methods | Debit card (Visa/Mastercard), Apple Pay, online banking | Debit card, Apple Pay, ACH/online banking, wire transfer ($1,000 min) |
| Minimum Deposit | $5 | $10 (debit/Apple Pay/ACH); $1,000 (wire) |
| Maximum Deposit | $25,000 | Not confirmed |
| Deposit Fee | $0 | Up to 2% (debit/Apple Pay); free via ACH |
| Withdrawal Methods | Debit card, online banking | Debit card, online banking |
| Withdrawal Speed | Debit card: within 24 hours; online banking: within 5 business days | 2-3 days (debit); 3-5 days (ACH) |
| First Withdrawal Review | Up to 48 hours | Not confirmed |
| Payout Clearing | 1-2 business days before funds are withdrawable | Not confirmed |
| Withdrawal Fee | $0 | $0 |
| Fund Separation | Predicts funds are fully separate from other FanDuel products | Separate platform; no FanDuel crossover |
Deposits and withdrawals table last updated: July 2026
Additional notes on payment
Fanatics Markets and FanDuel Predicts can operate where traditional sportsbooks cannot. Both are registered under the Commodity Exchange Act and supervised by the CFTC. They are not gambling operators under state law. They are derivatives platforms under federal jurisdiction. That is what lets FanDuel Predicts reach all 50 states without needing a separate license from each one.
CFTC-registered Introducing Broker. When you open an account, you technically become a direct member of CDNA, the exchange that lists and clears the contracts, with Fanatics Markets acting as the go-between. Your funds are protected under CDNA’s clearinghouse rules and federal bankruptcy law. One thing to watch: a Fanatics affiliate (Morton St. Trading Investments) is applying for full FCM status. If that gets approved, the account structure will change slightly, and you will receive updated disclosures. Nothing alarming, just worth knowing.
FanDuel Prediction Markets LLC is a fully registered Futures Commission Merchant (FCM) with the CFTC, which is a higher-tier registration than that of an introducing broker. As an FCM, FanDuel Predicts carries customer accounts directly. Contracts are listed on CME Group exchanges, which also act as the clearing organization. Existing FanDuel users still have to complete additional federal KYC questions covering trading experience, employment, and financial background, a CFTC requirement for all futures accounts.
These are not treated like gambling winnings. Both platforms classify contracts as financial derivatives under federal law, which means profits may qualify for 60/40 capital gains treatment under Section 1256: 60% taxed as long-term gains, 40% as short-term, regardless of how long you held. Both send a 1099-B when your annual profit hits $600 or more (FanDuel also sends a 1099-MISC for bonus amounts above that threshold). The IRS has not issued a definitive ruling on prediction market contracts yet, so run this by a tax professional before you file.
Both are legitimate, federally regulated platforms. FanDuel Predicts has the more established setup: FCM registration, CME Group exchange. Fanatics Markets’ CDNA structure is fully CFTC-supervised, just smaller in scale. Day to day traders won’t notice a difference. IF institutional backing matters to you, FanDuel Predicts is the winner.
Sports event contracts on both platforms are subject to ongoing state-level legal challenges. Both platforms disclose explicitly that sports contracts could be suspended or terminated with little notice if a state court or regulator acts. This is an industry-wide risk in 2026, not specific to either platform.
| FanDuel Predicts | Fanatics Markets | |
|---|---|---|
| Available nationwide | Yes (financial markets) | No - 24 states + territories |
| Sports markets | 18 states (AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, UT) | Same 24 states listed above |
| Age Requirement | 18+ | 21+ |
One nuance worth noting: Fanatics Markets’ 24 available states overlap heavily with the 18 states where FanDuel Predicts offers sports contracts. If sports prediction is your only interest and you are already in one of those 18 overlapping states, the reach difference between the two platforms is smaller than the headline numbers suggest. The bigger gap is for financial market traders, who can access FanDuel Predicts from all 50 states regardless of sports betting laws.
State access for prediction market platforms is actively evolving. Verify current availability at each platform before signing up.
Note: State-level restrictions on federally regulated prediction markets continue to change. Always check the latest news before signing up or trading.
Kalshi is the longest-running CFTC-regulated prediction market in the US, available nationwide to users 18+. It covers a broader range of non-sports markets than either platform here, including politics, economics, weather, and entertainment, with generally deeper liquidity in established markets. Kalshi also offers a full desktop web platform, which neither FanDuel Predicts nor Fanatics Markets currently does. See our Kalshi review for the full breakdown.
DraftKings launched its own prediction markets product in 2025. Like FanDuel Predicts, it is tied to a major sportsbook brand with a large DFS and betting user base, and covers both financial and sports event contracts. If you are already a DraftKings customer, Predict is worth comparing before committing elsewhere. See our DraftKings Predictions review.
Need a quick call? Go with FanDuel Predicts. It is available everywhere, open to 18+, free to deposit, and if you already have a FanDuel account, getting set up takes about three minutes. The financial markets give it a range Fanatics Markets doesn’t match, and fees are lower at mid-range contract prices.
Fanatics Markets is the stronger pick if sports predictions are your main interest. The market catalog is broader across more leagues and includes detailed player props that FanDuel Predicts does not offer. The fee structure is fully published and easy to model. If you are in one of the 24 supported states and sports contracts are what you are after, Fanatics Markets delivers a better product.
The real answer for anyone serious about prediction markets is to run both. FanDuel Predicts covers financial markets and the 26 states that Fanatics Markets does not reach. Fanatics Markets covers sports in depth. Nothing stops you from holding accounts on both platforms simultaneously.
If you are still weighing prediction markets broadly, our prediction markets guide covers every major platform in one place.
For most users, yes. FanDuel Predicts is available in all 50 states, accepts users 18+, has no deposit fees, and runs on CME Group infrastructure. The case for Fanatics Markets is sports market depth: it covers more leagues, more market types, and detailed player props that FanDuel Predicts does not offer. If sports prediction is your primary focus and you are in one of Fanatics Markets’ 24 states, it may be the better fit.
Reach and markets offered. FanDuel Predicts is in all 50 states, built around financial markets (S&P 500, gold, oil, economic reports), with simplified sports contracts in 18 states. Fanatics Markets is in 24 states, built for sports traders: more leagues, more market types, live player props. Same binary Yes/No mechanic on both. FanDuel Predicts has higher-tier CFTC registration (FCM vs. introducing broker) and runs on CME Group; Fanatics Markets operates through CDNA.
Both platforms charge at trade entry. At mid-range contract prices around $0.50, FanDuel Predicts’ 2% fee works out to about $0.02 per dollar traded, while Fanatics Markets’ flat $0.02-per-contract fee equals about $0.04 per dollar at $0.50. FanDuel Predicts is cheaper per dollar at mid-range prices. Fanatics Markets becomes cheaper for contracts priced near the extremes (below $0.20 or above $0.80). FanDuel Predicts also charges no deposit fees; Fanatics Markets charges up to 2% on debit and Apple Pay deposits.
It depends on what you are trading. Fanatics Markets has broader sports coverage: more leagues, more international events, and detailed player prop markets. FanDuel Predicts offers financial markets that Fanatics Markets does not have at all, specifically equities, commodities, and economic indicators tied to CME benchmark products. If sports are your priority, Fanatics Markets has more. If financial markets are your focus, FanDuel Predicts wins.
Yes. They are separate platforms with separate accounts, and nothing stops you from trading on both simultaneously. If you are in one of the 24 Fanatics Markets states, running both accounts lets you cover the full prediction market catalog: sports depth from Fanatics Markets and financial markets from FanDuel Predicts. Many active traders do exactly this.
Both are genuinely easy to learn with tiny quirks that might make a difference. FanDuel Predicts is the choice if you already have a FanDuel account. Log in with your existing FanDuel credentials, then answer a few required trading questions, and you’re in. Fanatics Markets is more upfront on fees: the full per-contract schedule is visible before you commit. Either way, start small and get a feel for how settlement works before you size up.
