FanDuel Prediction Markets
Flutter's sportsbook arm, running event contracts through a CME joint venture while building an independent FCM.
Regulatory posture
- Operates two separate FCM tracks: the CME-tied FanDuel Prediction Markets LLC, registered since August 2025, and New Venture III LLC, a wholly owned application filed April 2026 that does not involve CME.
- CME retains 51% of the FanDuel Predicts joint venture but now supplies financial event contracts only; Crypto.com took over sports and novelty contract supply in August 2026.
- The supply shift followed CME CEO Terry Duffy's July 2026 remarks distancing the exchange from sportsbook-style products, which he called gambling.
- Distributes rather than operates a venue, so its federal exposure sits with its FCM registrations and its partner exchanges.
Licensing
- FCM
- Approved (FanDuel Prediction Markets LLC, f/k/a F&O Financial LLC, NFA ID 0550813)
- Other
- Second FCM application pending (New Venture III LLC, filed April 9, 2026; still pending per the August 16, 2026 NFA BASIC snapshot)
- State coverage
- No state enforcement action against the prediction-market business recorded on this tracker
Filings on the tracker (2)
Licensing Tracker- FCMNew Venture III LLC (FanDuel's second, independently owned FCM)SubmittedAug 16, 2026
- FCMFanDuel Prediction Markets LLC (f/k/a F&O Financial LLC; CME/FanDuel joint-venture FCM)ApprovedAug 28, 2025
Products
Development timeline
Dated developments compiled for this operator, newest first. Select an entry for the full detail.
- August 5, 2026
Shifted sports and novelty contract supply from CME to Crypto.com
Flutter Entertainment restructured the FanDuel Predicts joint venture so that Crypto.com supplies all sports and novelty event contracts, replacing CME Group in that role. CME, which retains its 51% stake, continues supplying financial event contracts only. The shift followed CME CEO Terry Duffy's July 22 earnings-call remarks distancing the exchange from sportsbook-style products.
- April 9, 2026
Filed a second, wholly owned FCM application without CME involvement
FanDuel filed a new, wholly owned FCM application under New Venture III LLC with the NFA, letting it pursue its own prediction-market exchange stack independent of the CME-tied joint venture. The August 16, 2026 NFA BASIC snapshot confirms the application remains in pending-member status.
- August 20, 2025
FanDuel and CME Group announced a 49/51 joint venture to list event contracts on CME
Regulatory history
No enforcement actions matching this operator by name.
Recent activity
Sia Insights
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