FanDuel Predicts: how it works, fees, and resolution
CFTC-regulated event contracts from FanDuel and CME Group, covering sports, finance, economics, and crypto.
Official provider profile
Market model
Exchange
Collateral
USD. $10 minimum deposit via ACH, debit card, PayPal, or Venmo.
Access
Full KYC required (date of birth, SSN, home address, banking info, government ID); 18+
Topics
Sports, Finance
The beginner version
What does a prediction-market position mean?
A market asks a defined question about a future event. A binary market may offer YES and NO shares; a multi-outcome market can offer several mutually exclusive answers. Traders buy and sell these shares before the market closes. A price such as $0.63 can be read as an approximate 63% market-implied probability, but it is not a promise that the event will happen.
When the event is ready for determination, the provider follows the market’s published source and rules. If one outcome wins, its share may redeem for the stated payout—often $1—while losing shares may become worthless. The exact rules, source, close time, exceptions, fees, and dispute process matter more than a short title.
Read the lifecycle
1. Define
Question, outcomes, close time, source, and edge cases are published.
2. Trade
Orders meet on a book or through a market-making pool; price moves as information and demand change.
3. Resolve
The provider or its oracle follows the stated rules and determines the result.
4. Redeem
Winning outcome shares receive the documented payout; losing shares do not.
Source-backed profile
Fees, settlement, and access
Fees: 2% transaction fee built into the payout math, shown on every trade ticket. Source ↗
Resolution: Contracts settle per the exchange's published specifications using the official outcome source. Winners settle at $1.00, losers at $0.00. Positions can be closed early if liquidity allows; settlement may be delayed on disputed outcomes. Rules source ↗
Availability: All 50 states for non-sports contracts. Sports contracts in 18 states, limited to states without legal online sports betting.
Verification and eligibility: Complete KYC and confirm your state's sports-contract eligibility before trading.
Risks to understand
Event contracts can lose their full purchase price. No order book, volume, or spread is shown before trading, and the live-market count trails category leaders. Sports availability is deliberately restricted by state.
Potential strengths
- CFTC-registered with CME Group backing
- Available in all 50 states for non-sports
- Fast ACH withdrawals reported under 24 hours
- Deposit limits and self-exclusion tools built in
Trade-offs
- No visible order book or spread before trading
- Sports limited to 18 states
- 2% fee is percentage-based on every trade
- Smaller live-market catalog than leaders
FAQ
Questions beginners ask
How do FanDuel Predicts markets work?＋
FanDuel Predicts presents a question about a future event and lets users trade one or more possible outcomes. The displayed price can be read as a market-implied probability, not a guaranteed forecast; the market rules define the final result.
How are FanDuel Predicts outcomes decided?＋
Contracts settle per the exchange's published specifications using the official outcome source. Winners settle at $1.00, losers at $0.00. Positions can be closed early if liquidity allows; settlement may be delayed on disputed outcomes.
What fees does FanDuel Predicts charge?＋
2% transaction fee built into the payout math, shown on every trade ticket.
What should beginners check before using FanDuel Predicts?＋
Event contracts can lose their full purchase price. No order book, volume, or spread is shown before trading, and the live-market count trails category leaders. Sports availability is deliberately restricted by state. This directory is educational comparison content, not a personal recommendation or betting advice.