Fanatics Markets

Fanatics Markets went live in late 2025, becoming the first of the major US sportsbooks to launch in the exploding prediction markets industry. Federally regulated and available in 24 states, Fanatics Markets offers a new way to invest and make predictions on sports, politics, entertainment and much more. Our Fanatics Review has the full story. 

What Is Fanatics Markets?

Fanatics Markets is a real-money prediction market app established by Fanatics Betting and Gaming through a partnership with Crypto.com Derivatives North America (CDNA). It launched in December 2025, beating competitor prediction markets from FanDuel and DraftKings to the punch. 

Fanatics Markets is an exchange, meaning you are making predictions against other users, rather than placing bets against the house like at a sportsbook. The trades are built around simple “yes” and “no” questions about all kinds of real-world events, such as “Will It Snow Tomorrow in New York?” or “Will The Patriots Win the Super Bowl?”

For each market offered on the exchange, you can buy and sell contracts ranging in price from $0.01 to $1.00. If your prediction is correct, your contracts are paid out at $1 each, just like an investment. If you are wrong, your contracts are worth nothing. 

Unlike a sportsbook, where the odds are set and managed by the house, the price of contracts is driven entirely by the public. They change all the time depending on things like new information on events, trading volume, and other factors.

Is Fanatics Markets Legit and Secure?

Fanatics is a legitimate, federally regulated platform in the United States. In July 2025, Fanatics acquired Paragon Global Markets, LLC, an independent brokerage business registered with the Commodity Futures Trading Commission (CFTC). 

It also started a partnership with Crypto.com Derivatives North America (CDNA), which is also registered with the CFTC, clearing it to operate in the prediction market industry.

Fanatics Markets was initially available in 10 states. It has since expanded to 14 others, including major states like California, Georgia, and Texas that do not allow legal sports betting. 

Fanatics Markets is subject to strict regulatory oversight by the CFTC, and it complies with requirements to conduct KYC checks on all customers. To use the app, you need to be at least 21 years old and physically present in one of Fanatics Markets' legal states. 

The platform also offers two-factor authentication (2FA), SSL encryption, and other standard security measures.

How to Sign Up and Get Started

Signing up with Fanatics Markets takes a couple of minutes, tops. Here is how you can get started:

1. Download the app: Visit the App Store or Google Play Store to add it to your mobile device.
2. Register: Provide your email address and create a username and password.
3. Verify your identity: Enter your personal information, including your name, address, date of birth, etc.
4. Explore: See which prediction markets stand out most.
5. Add funds: Use a debit card, Apple Pay, PayPal, Venmo, ACH bank transfer, or wire transfer.
6. Begin trading: Buy your first “yes” or “no” binary contracts. Each contract is priced between $0.01 and $0.99, and you can buy as many as you like. 

Sports markets are popular at Fanatics Markets, given it currently operates in states that don’t allow legal online sports betting. Here’s an example of how a typical NFL market might look:

“Will the Seattle Seahawks beat the New England Patriots?”

• YES ($0.069) 
• NO ($0.32)

In this instance, investing $10 in YES would yield a $14 payout with a Seahawks win, while investing $10 in NO would generate a $29 payout. The potential payouts give us an accurate view of the probability of each outcome, according to public opinion.  

Available Markets and Event Types

Fanatics Markets offers many available markets and event types. They vary from state to state, but most states that provide Fanatics Markets betting opportunities feature markets for the following:

• Sports: NFL, NBA, NHL, World Cup, golf and more
• Entertainment: Grammy, Oscar, and other award show winners
• Politics: Presidential elections, Senate races, policy votes
• Economics: Inflation rates, Employment statistics, Recession watches
• Cryptocurrency: Bitcoin price increases, All-time highs, Historic fluctuations

A market with a lower price has a lower probability of being correct according to public opinion, giving traders the potential to earn larger payouts. In comparison, a higher-priced option has a higher likelihood and thereby results in lower payouts.

The prices of contracts change as people buy and sell contracts, but because Fanatics Markets is one of the largest prediction market apps in the country, it’s considered to have high trading volume and liquidity. This prevents prices from fluctuating too wildly.

Fanatics Markets does not impose hard-and-fast rules on maximum trade limits, but it can limit trade sizes based on the liquidity of markets. It also provides responsible gaming tools so you can set your own spending limits. 

Fees and Payouts: What Does It Cost?

Fanatics Markets has built small fees into its trading model, which is how the company makes money. You can read a detailed breakdown of the fee schedule on the platform. 

Each contract purchased or sold is subject to a trading fee of between $0.0034 to $0.02. Trades involving contracts valued at under $0.20 or above $0.80 are also subject to a technology fee of between $0.0006 and $0.0096.

Fanatics Markets also imposes a 2% fee on deposits made using debit cards or ACH bank transfers. However, it does not charge fees for withdrawals.

User Experience: Platform, App, and Interface

The Fanatics Markets app doesn’t differ much from the Fanatics Sportsbook app. It has a clean, modern appearance, and it’s extremely simple to navigate. 

It’s easy to see how the prices are moving at a glance, and to buy a contract you just need to tap it, type in how much you want to spend and confirm the purchase. 

Fanatics Markets also offers a comprehensive “Markets 101” section that answers frequently asked questions about prediction markets. 

Customer Support

Fanatics Markets offers limited customer support. Users can email or use the app’s contact form to get in touch. Live chat and phone are not options, which is disappointing.

Because of this, it can take 12 to 24 hours to receive a response from customer support. Improving this is a must for Fanatics Markets, especially given that most users will be new to prediction markets and are likely to run into questions or issues as they get up to speed.

Deposits, Withdrawals, and Payment Methods

Fanatics Markets and Fanatics Sportsbook are two separate entities, meaning you cannot use funds in a Fanatics Sportsbook account for trading. You must download the Fanatics Markets app, create a new account, and fund it with one of the platform’s accepted deposit methods. 

Debit cards, Apple Pay, PayPal, and Venmo all provide instant access to funds, while ACH bank transfers and wire transfers may take 1-2 business days to clear.

Debit cards, Apple Pay, PayPal, and Venmo are also the quickest withdrawal options. During our tests, Fanatics Markets typically processes payouts within a couple of hours. Withdrawals requested via ACH bank transfers may take 1-2 business days, while wire transfers may take 3-5 business days.

Users must deposit at least $5 to $10, depending on their state, but Fanatics Markets does not impose a maximum deposit limit. It also has a minimum withdrawal amount of $5 in most cases, with maximum withdrawal amounts varying by state.

We had no issues with either deposits or withdrawals. The experience was nice and smooth, similar to paying for anything else using our phone. 

Final Thoughts: Who Should Use Fanatics Markets?

Fanatics Markets is a great entry-level prediction market app, especially if you’re a sports fan in a state that doesn’t allow legal sports betting, like California, Texas or Georgia. Not all prediction markets have rolled out promotions for their users yet, but Fanatics has, which is another positive. 

If you’re looking for a simple way to make predictions on your favourite sports and other events, from a brand with a lot of skin in the game, you could do a lot worse than Fanatics Markets.