Open the wrong FanDuel app and you can end up looking at a market that behaves nothing like the sportsbook you know. One gives you odds; the other gives you contracts whose prices move. The interesting part is where those differences start affecting promos, availability and the way you play.
FanDuel now gives sports bettors two very different ways to put money behind an outcome. The Sportsbook uses the odds and betting markets most bettors already know, whereas FanDuel Predicts lets you buy Yes or No contracts whose price changes with the market. Both can involve the same game, but what you are buying, what it costs and what you can do with the position are different.
Sportsbook Odds Still Work the Way Bettors Expect
FanDuel Sportsbook starts with a price set for a betting market. A football team might be -3.5 on the spread, or you might take a moneyline price on the outright winner. Once you place the wager, that ticket carries the odds you accepted unless you later use an available cash-out feature. That basic relationship between bettor and sportsbook remains straightforward.
There is plenty of money moving through that model. Regulated U.S. sportsbooks took $12.06 billion in bets during May 2026 and generated $1.34 billion in revenue. Handle was down 0.4% from May 2025, with revenue down 1.8% during the same comparison period. Removing newly launched Missouri from the figures puts the year-on-year handle decline at 2.7%.
Those numbers give the Sportsbook side of the comparison some useful scale. This is an established betting system built around posted odds, with the operator setting prices before you decide whether the wager is worth taking.
Predicts Turns the Outcome Into a Tradeable Contract
FanDuel Predicts works differently because you are buying an event contract rather than accepting sportsbook odds. A contract takes a Yes or No position and trades between $0.01 and $0.99. A contract trading around $0.70 reflects a market-implied probability of roughly 70% at that moment.
The contract eventually settles at $1 if the selected outcome happens or $0 if it does not. Prices can move before settlement as traders buy and sell, and eligible positions can sometimes be sold before the event has finished. That gives you a market price to watch rather than a sportsbook ticket that simply sits there waiting for a result.
FanDuel Predicts launched in December 2025 in Alabama, Alaska, North Dakota, South Carolina and South Dakota before a broader rollout. Sports contracts initially covered baseball, basketball, football and hockey, alongside contracts tied to financial markets and economic indicators. Piper Sandler analysts estimated that CME could generate more than $300 million in revenue from the venture if it reached comparable scale to the Kalshi-Robinhood partnership.
Predicts also lives in a separate app, so this is a separate FanDuel product rather than another betting tab tucked into the Sportsbook.
The Promo Belongs to Predicts, Not the Sportsbook
The separation becomes especially important once promotions enter the picture. A Sportsbook bonus and a Predicts promotion belong to different products, with different eligibility rules and different ways of putting money into play. Seeing the FanDuel name on both does not make the offers interchangeable.
FanDuel Predicts and FanDuel Sportsbook may cover some of the same games, but the money goes down differently. Predicts uses Yes/No event contracts priced between $0.01 and $0.99, with positions that can sometimes be sold before settlement. Covers’ FanDuel Predicts promo code page tracks the latest bonus information while also explaining eligibility, trading fees and the markets available through the separate Predicts app.
Prediction Markets Are Taking a Bigger Piece of the Action
Prediction markets have moved well beyond being an odd little corner of sports wagering. During the first month of the 2026 World Cup, H2 Gambling Capital estimated that prediction markets represented roughly 27% of legal U.S. sports-betting volume, compared with about 9% at the beginning of 2026.
The comparison is not exact because sportsbooks and prediction exchanges calculate volume differently, but the growth helps explain why products such as FanDuel Predicts are increasingly appearing beside traditional betting apps.
There is an important technical wrinkle in those comparisons because sportsbooks and prediction exchanges do not calculate volume in exactly the same way. Even allowing for that difference, the jump from 9% to 27% explains why bettors are suddenly seeing event contracts discussed beside traditional spreads and moneylines.
Your Location Can Decide Which Product You See
Geography creates another practical difference. FanDuel Sportsbook operates only in markets where the company can offer conventional online sports betting. FanDuel Predicts is available nationwide for certain non-sports markets, while access to its sports contracts depends on whether conventional online sports betting is available in the state.
That means two people using FanDuel can have different sports options simply because they live on opposite sides of a state line. Predicts can also carry non-sports markets tied to areas such as economic indicators or commodities, which pushes the product well beyond the usual sportsbook menu.
For a bettor, the important point is simple: seeing FanDuel Predicts available does not automatically mean FanDuel Sportsbook is available there too.
The Difference Comes Down to the Bet Itself
Strip away the apps and branding, and the difference comes back to what happens when you put your money down. FanDuel Sportsbook gives you odds and accepts a wager at that price; FanDuel Predicts lets you buy a contract whose market price can move before settlement.
The same game can sit underneath both products, but you are making a different transaction. That is the distinction worth remembering when the two FanDuel names turn up beside each other.
