FanDuel secures new license while betting industry relations shift

FanDuel recently obtained a futures commission merchant license without the involvement of CME Group.

Written by the BettingEdgeHub desk, 8 October 2026

FanDuel secured a futures commission merchant license from the National Futures Association recently. This regulatory approval lets the company handle customer funds and orders for futures contracts and swaps. Event contracts and yes/no exchanges fall under swap classifications according to federal regulators.

Regulatory control over prediction markets

Federal rules require this specific license for operators offering event contracts. FanDuel wanted greater economic control over its prediction market operations. The company previously formed a partnership with Crypto.com for certain novelty and sports event contracts.

Changing dynamics with CME Group

CME Group owns a majority stake in the FanDuel Predicts platform. Leadership at CME previously expressed concern about sports event contracts resembling traditional gambling. The new license creates fresh tension between the two companies regarding future operations.

Next steps for the platform

FanDuel still lacks its own designated contract market license to operate a fully independent exchange. The company handles all marketing and technology costs for the current prediction market platform. Industry observers are watching to see if FanDuel pursues complete vertical integration soon.

What it means for a bet

The new licensing move signals that FanDuel wants more control over its prediction markets away from its main partner.

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