Prediction Market Explosion: 8+ New Platforms in 2025
2025 has been the year of prediction market explosion. Beyond Polymarket and Kalshi, 8+ new platforms launched including Fanatics Markets, Predict.Fun (CZ-backed), DraftKings Predictions, and FanDuel Predicts. Here's the complete guide to the new prediction market landscape.
New Platforms Launched in 2025
Fanatics Markets (December 2025)
| Feature | Details |
|---|---|
| Launch Date | December 3, 2025 |
| Available States | 24 states (CA, TX, FL, WA + 20) |
| Pricing Partner | Crypto.com |
| Market Categories | Sports, finance, culture, crypto, stocks, tech, music |
Fanatics—the $31B sports merchandise giant—entered prediction markets leveraging its massive customer base. Phase 1 launched in 10 states with sports, finance, economics, and politics markets.
Predict.Fun (CZ-Backed)
| Feature | Details |
|---|---|
| Backers | CZ & Binance Labs |
| Blockchain | BNB Chain |
| Model | Order-book (like Polymarket) |
| Focus | "Most accessible and viral" |
Trust Wallet is aggregating multiple prediction markets, potentially making Predict.Fun accessible to Binance's 300M+ users.
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DraftKings Predictions
- Method: Acquired Railbird Technologies (CFTC-licensed exchange)
- Strategy: Integrate prediction markets into existing DFS/sportsbook app
- Advantage: 15M+ existing DraftKings users
- Timeline: Expected full launch Q1 2026
FanDuel Predicts
- Partner: CME Group (Chicago Mercantile Exchange)
- Status: In development
- Advantage: Traditional finance infrastructure + sports betting audience
- Focus: Sports and major events
The Clearing Company
Founded by Ex-Polymarket Team
- • Led by Toni Gemayel (ex-Polymarket head of growth)
- • Niraek Jain-Sharma (ex-Polymarket head of markets)
- • 5+ former Polymarket staff on leadership team
- • Seed round: $15 million
Other 2025 Launches
| Platform | Focus | Funding |
|---|---|---|
| Melee | Sports (first market Oct 2025) | Undisclosed |
| Limitless | 30-60 min stock/crypto markets | $10M seed |
| Kizzy | Social influencer predictions | $2.7M |
| InPlay Global | Sports performance securities | Seeking SEC reg |
Market Landscape Comparison
| Platform | US Access | Crypto | Politics | Est. Volume |
|---|---|---|---|---|
| Kalshi | ✓ | ✓ | ✓ | $1.76B/week |
| Polymarket | Limited | ✓ | Int'l only | $900M/week |
| Fanatics | 24 states | ✓ | ✓ | New |
| Predict.Fun | ✗ | ✓ | ✓ | New |
| PredictIt | ✓ | ✗ | ✓ | $3.5K limit |
PredictIt Regulatory Victory
PredictIt had a major comeback in 2025:
- July 2025: Won lawsuit against CFTC—shutdown deemed "arbitrary and capricious"
- New limits: Bet cap raised from $850 to $3,500 per contract
- No trader limit: Previous 5,000-trader cap removed
- September 2025: Granted full CFTC DCM/DCO licenses
- 400,000 active users as of 2025
What This Means for Traders
Opportunities
- Arbitrage: Price differences between platforms
- Better odds: Competition driving tighter spreads
- More markets: Niche categories being created
- Lower fees: Platforms competing on cost
Challenges
- Fragmented liquidity: Volume split across platforms
- Different rules: Resolution criteria vary by platform
- Account management: Multiple platforms = complexity
- Regulatory variance: State-by-state availability differs
State-Level Regulatory Issues
Connecticut Cease-and-Desist (December 2025)
Connecticut issued cease-and-desist orders against Kalshi, Robinhood, and Crypto.com for sports contracts. This highlights ongoing regulatory uncertainty even for CFTC-approved platforms at the state level.
2026 Outlook
What to expect next year:
- 150-200 crypto ETF approvals creating new prediction markets
- DraftKings/FanDuel full launches bringing sports betting audience
- Consolidation: Smaller platforms may be acquired
- International expansion: Platforms seeking global licenses
- Tokenization: Kalshi planning position tokenization
- Margin trading: Leverage coming to major platforms
Key Takeaways
- 8+ new prediction market platforms launched in 2025
- Fanatics Markets now live in 24 US states
- CZ/Binance backing Predict.Fun on BNB Chain
- DraftKings and FanDuel entering market via acquisitions/partnerships
- PredictIt won CFTC lawsuit, raising bet limits to $3,500
- State-level regulation remains a wildcard (CT cease-and-desist)
- Combined market volume exceeding $2B+ weekly
Track Opportunities Across Platforms
As the prediction market landscape fragments, PolyTrack helps you identify smart money movements and find arbitrage opportunities between platforms.
Frequently Asked Questions
Fanatics Markets (24 states), Predict.Fun (CZ-backed), The Clearing Company (ex-Polymarket team), Melee, Limitless ($10M seed), Kizzy, and InPlay Global.
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