On Nov. 20, 2025, Fanatics CEO Michael Rubin went on CNBC and said Fanatics would roll out a prediction markets product with Crypto.com by the end of the year. Fast forward, that product is now live as Fanatics Markets, a prediction market app where you trade event contracts on big outcomes in sports, finance and culture through a regulated futures setup instead of what we see usually on legal sports betting platforms.
Given how fresh the launch is, there's no public Fanatics Markets promo code yet. However, you can download the app on iOS and Android if you're in one of the first ten states: Alaska, Delaware, Hawaii, Idaho, Maine, New Hampshire, North Dakota, Rhode Island, South Dakota and Utah. The plan is to go live in another 14 states later this week: Alabama, California, Florida, Georgia, Minnesota, Mississippi, Nebraska, New Mexico, Oklahoma, Oregon, South Carolina, Texas, Washington and Wisconsin.
When Fanatics finally rolls out a promo code or welcome offer, we will have the details.
More Popular Fanatics Brands
If you're mainly here looking for a Fanatics deal you can actually use today, these live offers are still on the Fanatics Sportsbook side and the Fanatics Casino product:
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Brand |
Bonus Offer |
Promo Code |
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Fanatics Sportsbook |
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Fanatics Casino (only in MI, NJ and PA) |
No promo code required! |
Fanatics Sportsbook Promo Key Takeaways December 2025
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🎁 Fanatics Markets Promo Code |
TBD |
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💰 Fanatics Markets Bonus Offer |
TBD |
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🚀 Launch Date |
Launched Dec. 3, 2025 |
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⚖️ Legal States |
Live first in Alaska, Delaware, Hawaii, Idaho, Maine, New Hampshire, North Dakota, Rhode Island, South Dakota and Utah, with more states coming soon |
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📱 Fanatics Markets App |
iOS & Android |
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✅ Info Last Verified |
December 13, 2025 |
TL;DR
- Partnership with Crypto.com: Fanatics has a strategic partnership with Crypto.com and acquired Paragon Global Markets, which now acts as an introducing broker registered with the Commodity Futures Trading Commission and a member of the National Futures Association. That structure lets Fanatics offer CFTC-regulated sports event contracts and other event contracts instead of running everything through standard gaming licenses.
- What You Can Do Today: The platform is now live in its first wave of states, with more categories planned in a second phase. There's still no promo live.
- How It Fits With Fanatics Sportsbook: Because the markets clear through a derivatives exchange overseen by the CFTC, this sits under futures regulators while Fanatics Sportsbook stays in the legalized sports betting lane and inside the American Gaming Association. Fanatics can lean on the sportsbook app and the wider Fanatics ecosystem of team merchandise, collectibles, tickets and gaming events to bring prediction market products to an audience that already bets and shops with them.
What Is Fanatics Markets?
Fanatics Markets is Fanatics’ new prediction market platform, built with Crypto.com so you can trade on real-world outcomes instead of only placing straight bets. Fanatics has called itself a leading global sports platform for years, and this is the next step: letting you price the moments shaping sports, finance and culture like a market.
Now that it has launched, you can use the fanatics markets app to buy and sell simple contracts priced from $0 to $1 on things like “Will this team win the title?” or “Will this economic number land above X?” Buy at $0.60, it settles at $1 if you are right, and you keep the $0.40 difference per contract, so you are effectively trading probabilities.
On the regulatory side, the markets run through Crypto.com’s U.S. derivatives business and Paragon Global Markets, which Fanatics acquired in 2025. Paragon Global Markets is an introducing broker registered with the Commodity Futures Trading Commission and the National Futures Association, giving Fanatics a futures industry framework to offer these products in a different lane from traditional sports betting. In practice, that gives fanatics markets users another way to access prediction markets through a brand they already know from team merchandise and the Fanatics Sportsbook app.
Why Is Fanatics Launching This Product?
Fanatics is following the same path as DraftKings, FanDuel and Underdog, who all moved toward similar prediction markets once they saw how fast the format was growing. Fanatics already has a huge base, so giving that same crowd a place to trade contracts on more than just game lines is a smart move. Regulators treat this setup more like financial derivatives than casino play, which is why you see futures regulators involved instead of only gaming commissions.
Will FanCash Work on This App?
FanCash is the rewards currency you earn on Fanatics merch and sportsbook bets and can redeem for bonuses or more gear. Right now, there's no clear sign that FanCash will apply on this product. Because these contracts sit inside a CFTC framework, plugging a rewards currency straight into them raises extra questions regulators have not fully answered yet. Until Fanatics says otherwise, assume FanCash stays on the merch and sportsbook side, and you fund and trade "here" with regular cash.
Fanatics Markets App Sign-Up Process
If you're in a state where the app is live and you want to try this prediction market platform, the process is pretty quick:
- 1. Download or Update the Fanatics App: Go to the Apple App Store or Google Play Store and download the Fanatics app, or update it so you can see the Markets section.
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2. Log In or Create Your Account: Already shop or bet with Fanatics? Just log in with your existing details. New users will need to enter basic info and clear standard KYC checks, since the product is tied into federally regulated partners.
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3. Open The Markets Tab: Inside the app, look for the tab or menu item labeled for Markets. That's where you will see the board of contracts tied to sports, finance and other outcomes.
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4. Deposit Funds: Link a payment method and make a deposit. If a Fanatics Markets promo code becomes available, this is usually where you would enter it during the deposit or registration step.
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5. Start Trading Responsibly: Once your balance is live, pick a market, choose your side, set your stake and trade contracts on the outcomes you care about.
Market Types On Fanatics Markets
On screen, Fanatics Markets keeps things pretty simple, as most of what you see will fall into a few contract types that fit the usual prediction markets model, aka:
- Binary Event Contracts: Yes or no questions such as “Will Pittsburgh win in Week 13?” with contracts trading between $0 and $1 and settling at either $0 or $1.
- Range Contracts: Markets that pay if something lands in a band, like “Will Baltimore score between 20 and 30 points?”
- Scalar Contracts: Outcomes graded on a scale, for example “What margin will a candidate win by?” where the payout moves with the final result instead of changing to a simple win or loss.
- Those shapes give the platform room to bring prediction markets into different pockets of sports finance and culture without changing how you place or trade contracts.
Does Fanatics Markets Offer More Than Sports?
Sports are the starting point, but the product is not meant to stop there. Operators like Kalshi have shown how far prediction markets can go with politics, economic numbers and other headlines, and Fanatics clearly wants a piece of that action too.
So while you'll see plenty of markets on scores, futures, and player outcomes, the longer-term play is broader. You should expect contracts that track election cycles, economic releases and even the occasional pop culture storyline, all inside the same prediction market app.
Fanatics Markets vs Popular Prediction Markets
You are not short on options if you like this style of trading. Alongside Fanatics, you have Kalshi, Novig, ProphetX, Polymarket, plus prediction-style products from FanDuel and DraftKings all chasing the same users.
Use the table below as a quick compare on promos, welcome offers and terms. Offers change pretty often, so it's always worth clicking through and reading the fine print before you open a new account.
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📈 Prediction Market |
🏦 Referral Bonus |
✍️ Referral Code |
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Fanatics Markets |
TBD |
TBD |
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Kalshi |
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Novig |
Spend $5, Get $50 in Novig Coins! | ACTION |
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ProphetX |
Get a 20% Purchase Match up to $100 in Bonus Funds! | ACTION |
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Polymarket |
TBD - Platform not legal in the US yet |
TBD - Platform not legal in the US yet |
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Crypto.com |
TBD | TBD |
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DraftKings Predict |
TBD - Platform not live yet |
TBD - Platform not live yet |
Fanatics Markets Banking Options
On the money side, this should feel familiar if you've ever used the Fanatics Sportsbook app or any other regulated book. Once your account is set up, you can expect a mix of:
- ACH transfers
- Debit cards (Visa or Mastercard)
- PayPal
- Venmo
- Online banking
- Select digital wallets or crypto options tied to the Crypto.com partnership, where allowed
Available methods, limits and processing times can change by state and by bank, so the safest move is to check the cashier screen in the app before you plan a bigger deposit or cash-out.
Responsible Trading On Fanatics Markets
Even though this is built on event contracts instead of traditional sports betting slips, you're still risking real money on every trade. To make sure you're trading in a safe and intuitive way, Fanatics has these responsible gambling tools built in:
- Self-exclusion tools if you need to block yourself for a longer stretch
- Deposit and loss limits so you can set your own cap on what goes in or out
- Cool-off periods that lock you out for a set window when you need a break
- Session limits to keep individual play sessions from running too long
- Links to support and counseling resources in your state
- On-screen reminders that show how long you have been active and how much you have staked
If you're going to use this app regularly, it's worth taking a minute to set those up first. It makes trading responsibly a lot easier than trying to fix things after a bad night.
Everything We Know About the Fanatics Markets Launch
Fanatics first talked about this back on Nov. 20, 2025, and that teaser has now turned into a live prediction market platform with a Dec. 3 launch in the books. From here, the only real questions are which states get added next, how the full menu of markets and any FanCash tie-ins will look, and when will we finally see a Fanatics Markets promo code that's actually worth using.
Yes. Fanatics now runs live prediction markets through its Fanatics Markets app in partnership with Crypto.com, where you trade event contracts on real-world outcomes. The app launched on December 3, 2025, after Chief Executive Officer Michael Rubin first mentioned it on CNBC in November.
Not right now. There's no live Fanatics Markets promo code or welcome offer at launch. Once Fanatics posts an official bonus, we'll update this page with the exact terms and how to opt in.
The early menu leans toward sports: game results, futures and player-driven markets. Over time, the plan is to layer in contracts tied to politics, economic releases and other headlines, not just scores.
Nothing is listed at launch, but referral deals are common across Fanatics Sportsbook and other prediction market products. If a refer-a-friend setup or free-trade credits go live, they'll show up in the promos or rewards section.
Access is rolling out in two phases as far as we know. A first wave of states is already live, with more expected as regulators clear the app. Alaska, Delaware, Hawaii, Idaho, Maine, New Hampshire, North Dakota, Rhode Island, South Dakota and Utah are among the live states. The plan is for Fanatics to launch prediction markets in another 14 states later this week: Alabama, California, Florida, Georgia, Minnesota, Mississippi, Nebraska, New Mexico, Oklahoma, Oregon, South Carolina, Texas, Washington and Wisconsin.
