FanDuel enters prediction market to compete with Kalshi and Polymarket

11 articles · Updated · Bloomberg · Apr 27

FanDuel, with a 35% share of the US $17.5 billion online sports-betting market, is launching prediction market offerings after its parent Flutter Entertainment lost $30 billion in value since August.
The move comes as users increasingly download rival platforms Kalshi and Polymarket, prompting FanDuel to accelerate its entry into this growing sector.
Founded in Edinburgh nearly two decades ago, FanDuel now operates in over two dozen US states and had 4.8 million monthly players last year.

Will FanDuel's new venture succeed in states where its traditional sports betting is banned?

Can FanDuel's risky prediction market bet reverse its parent company's $30 billion stock collapse?

With insiders selling shares, is Flutter's $300M investment a sign of confidence or desperation?

As federal and state regulators clash, will these new platforms be treated as finance or gambling?

Are prediction markets the future of information, or just a high-tech casino for a new generation?

How can platforms prevent insider trading on everything from sports injuries to economic data?