FanDuel has recently branched out with its offering and it now has a P2P prediction exchange where you can buy, sell, and settle event contracts on a range of different real world events including sports and politics.
But is FanDuel Predicts legal in Texas? And if so, are there any verification requirements and how can you get signed up? This is what we look at in the below guide. We’ll first tackle the legitimacy of this brand and its P2P exchange in the Lone Star State, and we’ll also quickly cover what it offers for the average trader.
The short answer here is yes, FanDuel Predicts is accessible in the Lone Star state. In fact, at the time of writing this FanDuel Prediction markets guide, the P2P exchange is available in all 50 states, including Washington D.C. This makes it one of the more accessible prediction exchanges, as some competitors do have limitations on states.
A major benefit of this P2P exchange is the fact that you are getting the backing and reputation of the FanDuel brand - it’s well-known across the US, and already has a well-established setup and apps. The brand also has a decent collection of prediction markets, and a fairly active user base. One downside though, is the 2% trading fee - this is fine if you intend to try and settle your positions, but if you want to try and make a return from selling early, you essentially have a 4% fee to contend with which is quite high.
If you wish to give FanDuel Predicts in Texas a try, you will need to create an account. There is also a strict KYC policy, which requires that users complete various levels of verification. Lastly, you also have to be over 18 to sign up. The registration process is simple, and you should be able to follow these steps to get started:
Click our FanDuel banners.
Scan the QR code.
Download the relevant FanDuel app.
Click the signup button.
Go through the required registration steps.
Complete any initial account verification.
Log in to your new FanDuel Predicts account.
Currently the exchange is app-only, so you will need to download either the iOS or Android version to get started. Once you’re up and running though, you’ll be able to access all of the FanDuel prediction markets which include sports, finance, climate prediction markets, and more. We’ve given a simple summary table below which shows some examples of potential prediction sub categories:
| Prediction Category | Example Markets |
|---|---|
| Sports | NBA, European Soccer, NHL, NFL, MLB, global tennis |
| Finance | Commodity prices, crypto prices, economic markers |
| Politics | Local and international elections, government decisions |
| Culture | Award ceremonies, TV shows, movies |
All that’s left after that is to deposit some USD into your account using one of the available payment methods, and making your first trade. Just remember that each trade contract has a face value of $1, and that you can buy and sell them, or try to settle them in-the-money to get a return, minus any fees.
So, is FanDuel Predicts legal in Texas? Yes! Lone Star state residents can sign up here provided that you are over 18 and you are prepared to go through the necessary verification processes. If you want to give it a try for yourself, you can do so by clicking on any of the banners or links we have featured on this page.
You don’t win real money as such - it’s not gambling. Instead, you have the chance of selling your trade contracts for a return, or settling your trade contracts in-the-money which means you will get a $1 return for each successful prediction.
Yes, users can download the main FanDuel app either for Android or iOS devices, and this should give you access to all the different features that are available in Texas, including its P2P prediction exchange.
At this point in time, there should be a flat 2% fee on all trading transactions for FanDuel Predict markets. This applies to initial trades you execute, plus if you decide to sell your trade contracts before they settle.
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