The sports category covers matches across all of the favorite leagues in North America, including the NFL, NBA, MLB, NHL, and more. It also covers international sports like soccer.
Fanatics Markets: Prediction Market Expert Review
Get Up To $350 in FanCash
Deposit Methods
Fanatics Markets is a legal and regulated predictions app.
Why Try Fanatics Markets?
- Run by the same reputable company behind Fanatics Sportsbook and Casino.
- Live in 22 states and 4 US territories.
- Includes sports, politics, economics, culture and crypto prediction markets.
Get Up To $350 in FanCash
Get Up To $350 in FanCash
Fanatics Markets is a new prediction market where users can trade event contracts based on sports, politics, entertainment, crypto values, and more.
Fanatics Markets is hosted on the popular Fanatics mobile platform. What’s more, the markets and prices are powered by Crypto.com | Derivatives North America (CDNA).
Understandably, many people unfamiliar with prediction markets may confuse Fanatics Markets for the usual sportsbook. However, the two platforms are distinct, and although the markets may appear similar, mechanics such as odds, pricing, and trading/betting differ.
Fanatics Markets is easy to master once you understand how it works. Notably, new customers can get up to $350 in FanCash when they sign up.
Up to $350 In FanCash at Fanatics Markets
Up to $350 In FanCash at Fanatics Markets
Earn 10% FanCash on Every Trade, Win or Lose
Trade on Live Sports Markets, Major Events, Outcomes and MORE
Combine Multiple Picks Into One Trade
Earn 10% FanCash on Every Trade, Win or Lose
Trade on Live Sports Markets, Major Events, Outcomes and MORE
Combine Multiple Picks Into One Trade
Read reviews from real Fanatics Markets customers: Write your own
Overall Rating
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Fanatics Markets welcome promo offer
New Fanatics Markets customers can earn an escalating daily FanCash match worth up to $350 over their first 14 days on the app. Sign up, verify your identity, and place a qualifying trade each day, and Fanatics Markets matches it in FanCash — with the daily cap climbing the longer you stay active.
Up to $350 In FanCash at Fanatics Markets
Up to $350 In FanCash at Fanatics Markets
Earn 10% FanCash on Every Trade, Win or Lose
Trade on Live Sports Markets, Major Events, Outcomes and MORE
Combine Multiple Picks Into One Trade
Earn 10% FanCash on Every Trade, Win or Lose
Trade on Live Sports Markets, Major Events, Outcomes and MORE
Combine Multiple Picks Into One Trade
How the Fanatics Markets welcome reward works
- Create a Fanatics Markets account and complete identity verification. New customers only.
- Each day, place a qualifying trade priced at $0.90 or below — trades priced above $0.90 don’t count toward that day’s match.
- Fanatics Markets matches your qualifying trade in FanCash, with the daily cap rising across your first 14 days, from $5 on day 1 up to $45 by day 14.
- FanCash is non-withdrawable and expires 7 days after it’s credited, so use it before it lapses.
| Day | Daily FanCash match (up to) |
|---|---|
| 1 | $5.00 |
| 2 | $7.50 |
| 3 | $10.00 |
| 4 | $12.50 |
| 5 | $15.00 |
| 6 | $17.50 |
| 7 | $22.50 |
| 8 | $27.50 |
| 9 | $32.50 |
| 10 | $35.00 |
| 11 | $37.50 |
| 12 | $40.00 |
| 13 | $42.50 |
| 14 | $45.00 |
| Total | Up to $350 |
New customers only. 21+. Limited states. Promo ends 9/27. Daily FanCash match increases each day from up to $5-$45 per day. Max $350 total. Only trades priced at $0.90 or below qualify. Non-withdrawable FanCash expires after 7 days. Only one sign up offer per customer. FanCash Terms apply - see app for details. Terms apply: https://fanaticsmarkets.com/legal/tradeandget. Event contracts are offered by Morton St. Trading Investments, LLC, d/b/a Fanatics Markets, a CFTC-registered Futures Commission Merchant and NFA member. Trading involves significant risk and is not suitable for all investors. Not available in all states. 21+. See important disclosures in app.
What is Fanatics Markets?
Fanatics Markets is a prediction trading platform where users can buy and sell contracts on the future outcomes of various events.
On this app, you can buy contracts on whether or not the Nuggets will win the next NBA match, whether the Fed will raise interest rates, and more.
Interestingly, with prediction markets, unlike sports betting, prices reflect the consensus probability and are dynamic. To this end, if a contract is priced at $0.70, it implies a 70% probability that the contract will come to fruition.
The platform currently offers prediction markets in the following categories:
- Sports
- Politics/elections
- Finance/economics
- Cryptocurrency
- Entertainment/culture
This is interesting, considering it was expected to focus solely on sports, as with the Underdog prediction market. To this end, Fanatics Markets may well rank among bigger, older prediction markets over time.
Up to $350 In FanCash at Fanatics Markets
Up to $350 In FanCash at Fanatics Markets
Earn 10% FanCash on Every Trade, Win or Lose
Trade on Live Sports Markets, Major Events, Outcomes and MORE
Combine Multiple Picks Into One Trade
Earn 10% FanCash on Every Trade, Win or Lose
Trade on Live Sports Markets, Major Events, Outcomes and MORE
Combine Multiple Picks Into One Trade
Where can you use Fanatics Markets?
Here’s the list of legal and live states for Fanatics Markets.
- AL, AK, CA, DE, FL, GA, HI, ID, ME, MN, MS, NE, NH, NM, ND, OK, OR, RI, SC, SD, TX, UT
You can see that it’s a different list from the states where Fanatics Sportsbook is operational.
Notably, Fanatics Markets has all its contracts listed and cleared by Crypto.com | Derivatives North America (CDNA). CDNA provides and powers the markets and trading mechanics, while Fanatics hosts the content on its mobile platform. Crucially, CDNA is regulated at the federal level by the Commodity Futures Trading Commission (CFTC).
How does Fanatics Markets work?
Fanatics Markets, like any other prediction market, works more like an exchange than a sportsbook. Here’s a breakdown of how it works:
Event contracts explained
Users buy and sell event contracts, which are essentially official predictions of future outcomes. The contracts are binary since every event has only two potential outcomes: Yes or No.
The events are framed as questions. For example, “Will team X win the Super Bowl?” or “Will President Trump fire the current Fed Chair?” The questions can be more complex with more options to choose from, but you always pick “Yes” or “No” on your desired outcome.
Contracts are priced between $0.01 and $0.99 during trading. Winning contracts are settled at $1, while losing contracts are settled at $0.
Real-time price movement
Prices are dynamic and can change for various reasons. The two biggest reasons why prices change is because of market activities (buying and selling) and developments in the particular event (such as news breaks). Interestingly, users can trade both sides strategically.
Profit & loss
Profits and losses are easy to calculate: settlement price ($1 for winning contracts or $0 for losing contracts) – purchase price. For example, if you purchase a contract at $0.70 and receive $1 after winning, your profit would be ($1 – $0.70) $0.30. In contrast, you would lose $0.70 ($0 – $0.70) if the contract failed. Supposing you bought ten positions in both “Yes” and “No” outcomes, your profit or loss would be $3 (10 x $0.30) or $7 (10 x $0.70), respectively.
Trading window
Users must place their trades while the markets are still open. Notably, markets may close hours or minutes before events start, depending on the contract’s terms and conditions.
Responsible tools & consumer protections
Prediction markets are speculative and can thus be risky. Fortunately, Fanatics Markets offers a range of responsible trading tools to help protect users. For example, there are deposit limits if you are concerned about overspending. There are also time-outs and self-exclusion options if you are concerned about spending too much time on the platform.
Concerned about your trading? Get specialized support from Birches Health nationwide. Visit BirchesHealth.com/Fanatics-Markets, call (833) 483-3838 or email help@bircheshealth.com.
How to get started on Fanatics Markets (accounts, deposits & buying positions)
Getting started as an event contracts trader at Fanatics Markets is easy. Here’s a quick step-by-step guide on how to go about it:
1
Create and verify your Fanatics Markets account.
You will need to create a user account on the Fanatics Markets platform to access the trading mechanics. As such, fill out the registration form – only basic details are required, like your name, phone number, address, and more. You’ll also need to verify your identity.
2
Make a deposit.
Next, you need funds in your account to start buying positions on the platform. As such, make a deposit via any of the available payment methods, which include:
-
- Debit cards
- Digital wallets (Apple Pay, PayPal)
- ACH bank transfers
Deposit transactions are instant. Note that your first 14 days of trades will receive a FanCash match. This offers up to $350 in matching FanCash.
3
Choose a position.
Choose your preferred payment method and deposit money into your Fanatics Markets wallet. Next, navigate to the markets and explore the available event contracts. Choose one or more events that you are confident you can predict accurately and pick Yes or No next to the various outcomes to enter a position. Enter how much you want to invest and confirm the transaction.
4
Sell positions if you want.
Fanatics Markets has an early exit option. As such, you don’t have to wait for events to conclude – you can sell your positions early to limit your losses or lock in your profits. However, it’s worth mentioning that early exit only works when the market has sufficient liquidity.
5
Make withdrawals.
Finally, you can withdraw your payouts via various payment methods, including PayPal. However, it is worth noting that withdrawal limits can vary by state.
Affiliate Disclosure:
PlayUSA.com may receive a commission if players decide to join Fanatics Markets via a link on our site. However, PlayUSA maintains editorial independence from all our affiliate partners.
Prediction categories at Fanatics Markets
Sports
Elections (politics)
While this category mostly focuses on elections, it also spans broader political developments like nominations and appointments.
Economics
This section covers important economic developments like policy decisions, jobs reports, inflation levels, and more.
Cryptocurrency
This section covers developments in the cryptocurrency markets, such as whether Bitcoin will reach a certain target price.
Entertainment and Culture
This prediction category covers developments in the entertainment industry, such as whether a particular actor will win an award, whether a new movie will be a hit or a miss, and much more.
Strengths of Fanatics Markets
- Fanatics is already popular with millions of sports fans. This helps with trade volume.
- Fanatics Markets is hosted within the larger Fanatics digital ecosystem, alongside the sportsbook and e-commerce store.
- Prices and odds in prediction markets aren’t fixed, as in traditional sports betting. They change in real time based on market activity, meaning that traders essentially set the odds.
- CDNA, which powers Fanatics Markets, is fully regulated by the CFTC. Moreover, the platform offers various responsible trading tools to help users minimize the underlying risks.
Areas for Improvement
- Fanatics Markets is not available in 28 states.
- Volatility in prediction markets is like a double-edged sword. It can be extremely high, especially for live events. While sophisticated traders can make profits from trading volatility, sharp and unpredictable swings can lead to losses.
- If we're talking sheer market depth, competitors like Kalshi and Polymarket go way deeper when it comes to Bitcoin, box office, and climate trades.
Latest updates on Fanatics Markets
Stay up to date with the recent news on Fanatics Markets with the list below, updated as of Sept. 4, 2026:
| Date | Update |
|---|---|
| Sep. 2, 2026 | Fanatics launches unified app merging sportsbook, iGaming, and Fanatics Markets — A single app that combines these under one account and FanCash wallet. The company said this is the first full football season for Fanatics Markets, which is available in 22 states and four U.S. territories. The company noted that sports event contracts are not offered in states where Fanatics Sportsbook is licensed. |
| July 17, 2026 | Fanatics Markets offers a sign-up “Trade & Get” up-to-$350 FanCash — Fanatics Markets published official terms for its “Trade & Get” new-customer promotion, explaining a 14-day daily trade-match that can award up to $350 in FanCash. The offer matches each day’s first trade dollar-for-dollar in FanCash, with daily caps rising from $5 on Day 1 to $45 on Day 14; only trades priced at $0.90 or below qualify, and FanCash expires after 7 days. |
Kalshi vs. Fanatics Markets
As a prediction market reviewer, I always find it useful to compare new prediction sites to Kalshi—arguably the most established player in the prediction market industry.
| Feature | Kalshi | Fanatics Markets |
|---|---|---|
| Market breadth: | Covers a wide range of categories, including sports, politics, economics, entertainment, technology, the weather, and more. | Fanatics has approximately the same menu of prediction categories but fewer markets overall. |
| Currency: | USD | USD |
| Trading: | Yes | Yes |
| Users: | News followers, sports fans, and more. | Primarily sports fans. |
| Legality: | Regulated in the U.S. by the CFTC. | Contracts are listed and cleared by CDNA, which is regulated in the U.S. by the CFTC. |
If you’re curious how Fanatics Markets compares to Polymarket, FanDuel Predicts or DraftKings Predictions, check out those reviews from PlayUSA as well.
Frequently Asked Questions (FAQs)
Yes, Fanatics Markets is a legal prediction market authorized to operate in the United States. Event contracts are listed and cleared through Crypto.com Derivatives North America, which is a CFTC-regulated exchange and clearinghouse.
Currently, Fanatics Markets is live and operational in 22 states and four US territories.
Fanatics Markets currently offers event contracts across categories like sports, elections, economics, cryptocurrency prices, entertainment, and more.
No. Deposit fees depend on the method. ACH bank transfers are free, while debit card and Apple Pay deposits may incur up to a 2% fee. Fanatics Markets does not charge its own fee for wire deposits, though bank fees may apply, and the minimum wire deposit is $1,000.
Debit cards such as Visa and MasterCard are accepted for deposits, along with digital wallets like PayPal, Venmo and Apple Pay, and ACH bank transfers. Wire deposits are also available, with a $1,000 minimum.
Fanatics Markets differs from traditional sports betting platforms in several ways. Most notably, instead of placing bets, users buy and sell event contracts. Moreover, prices/odds fluctuate, unlike the fixed odds in sportsbooks. Fanatics Markets also goes beyond sports, covering events in politics, economics, and other categories.
Final verdict and who Fanatics Markets is right for
Fanatics Markets breaks away from sports-only prediction markets, unlike the OG prediction app, to cite one competitor. Besides sports, Fanatics also offers event contracts in economics and politics, with more categories coming soon. This broad and ambitious approach shows great potential, especially considering that the platform powering the markets, CDNA, is also expanding.
While Fanatics Markets is still relatively new, it has the advantage of access to a large user base already primed for the prediction markets. And, with the prediction market platform integrated into the Fanatics ecosystem, onboarding will be easy for current Fanatics users.
