After peaking at over 57,000 daily downloads during March's US college basketball tournaments, FanDuel Predicts has fallen to about 7,000 daily downloads, now trailing Kalshi, Polymarket, and PrizePicks.
FanDuel attributes the slowdown to an intentional, phased rollout, with President Christian Genetski emphasizing a bifurcated strategy and limited wagering to non-sports categories in states with existing sports betting.
Despite the decline, FanDuel executives remain unconcerned, describing the launch as early days and highlighting their intent to gradually expand the prediction-market product nationwide.
Why force users onto a new app instead of expanding FanDuel’s wildly popular existing platform?
Is FanDuel's 'intentional slow roll' a winning strategy or a costly misstep against its fast-moving rivals?
Are prediction markets a revolutionary forecasting tool or just a new, high-tech form of gambling?
Amid a legal 'turf war,' who will ultimately control the rules for these new betting markets?
Can an understaffed federal agency truly prevent insider trading in a multi-billion dollar prediction market?
Will Wall Street's entry make prediction markets safer or just a new playground for insiders?