Best crypto insights delivered straight to your inbox.
FanDuel Predicts unveils expansion of event contract offering as part of Crypto.com, OG Prediction Markets partnership
- FanDuel Predicts announced new sports and entertainment contracts as part of an arrangement with Crypto.com’s OG Prediction Markets.
- With the deal, FanDuel Predicts users will be able to trade contract offerings from both CME Group and OG Prediction Markets when the World Cup starts.
- The new event contract types adds to the markets already tradable on the platform.
FanDuel Predicts announced the expansion of its event contract offering with new sports and entertainment contracts and combination event contracts through Crypto.com’s CFTC-regulated exchange and clearinghouse, OG Prediction Markets. This broadens the types of markets customers can engage with and enhances the overall set of available products.
“FanDuel Predicts was built to deliver a best-in-class prediction market experience to our customers,” said James Cooper, Senior Vice President, Flywheel and New Ventures at FanDuel. “These additional product sets give our customers more choices by expanding the breadth of sports and entertainment contracts on our platform.”
“We are thrilled to partner with FanDuel Predicts to bring a new level of depth and experience to its prediction markets experience,” said Joe Anzures, Chief Business Officer of Crypto.com. “By leveraging our robust, regulated exchange and clearinghouse infrastructure, we are enabling a mainstream prediction markets experience just in time for the World Cup – underscoring our capability to deliver scalable, regulated derivatives infrastructure for the world’s biggest moments.”
FanDuel customers get access to new markets and contract types
The addition of new product sets listed at Crypto.com’s OG Prediction Markets marks an expansion for FanDuel Predicts customers who will now have access to a wider variety of markets across sports and entertainment categories complementing the existing offer of contracts available through CME Group.
This addition will also deepen customers’ ability to trade combinations of event contracts. Customers will begin to see contract offerings from both CME Group and OG Prediction Markets this week with the start of the World Cup.
FanDuel Predicts is available in all 50 states on benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and CPI.
In addition to financial markets, in states where FanDuel does not offer sports betting, customers can also trade on sports and entertainment outcomes. Contracts range $0.01 to $0.99 and customers buy if they think an event will happen or sell if they don’t.
Disclaimer. The information provided does not, and is not intended to, constitute financial advice; instead, all information, content, and materials are for general informational purposes only. Information may not constitute the most up-to-date information and readers must do their own due diligence and assume responsibility for their own actions. Links to other third-party websites are only for the convenience of the reader, user or browser; Cryptopolitan and its members do not recommend or endorse contents of the third-party sites.
Cryptopolitan Media
A dedicated desk for curated insights and featured updates from our network of global industry partners.
CRASH COURSE
- Which cryptocurrencies can make you money
- How to boost your security with a wallet (and which ones are actually worth using)
- Little-known investment strategies that the pros use
- How to get started investing in crypto (which exchanges to use, the best crypto to buy etc)