Fanatics Markets is a prediction markets app that lets users trade Yes/No event contracts on sports, politics, finance, and culture. Instead of betting on fixed odds like a traditional sportsbook, you buy and sell contracts reflecting real-time market sentiment, similar to trading stocks on an exchange.
The Fanatics Markets app operates through a partnership with Crypto.com, a CFTC-registered exchange. Because Fanatics Markets operates as a derivatives exchange rather than a gambling platform, the app is available in states that haven’t yet legalized online sports betting.
Fanatics has applied the experience it built with Fanatics Sportsbook to prediction markets. The result is a clean, intuitive mobile app designed to appeal to mainstream sports fans rather than hardcore trading enthusiasts.
In the following Fanatics Markets review, we’ll dive deep into how it works, where it stands compared to other prediction markets, and much more.
Fanatics Markets
- 21+ to participate
- Legal in 24+ states
- Trade Yes/No contracts for money
Pros
Legal in states without online sportsbooks Market driven pricing/odds CFTC regulation ensures fair trading Trade with others, not against the houseCons
No bonuses or promos Limited niche markets Limited volume in niche markets it does offer Few features, no social elementsQuick Facts:
- Launched: December 2025
- Platforms: iOS/Android (no desktop trading yet)
- Markets: Sports, economics, finance, politics, and crypto
- Availability: Most states without legal online betting (see list below)
- Partnership: Crypto.com for regulatory access and market operations
Fanatics Markets States
Fanatics Markets operates in roughly two dozen states, primarily states where it does not yet offer online sports betting but where federally regulated derivatives trading is legal.
Alabama
Alaska
California
Delaware
Florida
Georgia
Hawaii
Idaho
Maine
Minnesota
Mississippi
Nebraska
New Hampshire
New Mexico
North Dakota
Oklahoma
Oregon
Rhode Island
South Carolina
South Dakota
Texas
Utah
Washington
Wisconsin
Fanatics Markets Promo Code
Fanatics Markets launched without any promo codes or bonuses, although that could change as the platform establishes itself and the prediction markets sector becomes increasingly competitive.
That said, fans should not expect large “Bet and Get” or “Second Chance Bet” offers like at traditional online sportsbooks. Prediction market exchanges operate on low margins and do not offer massive signup bonuses to new users.
Even more established platforms like Kalshi offer smaller welcome bonuses in the $10 range. However, the upside of that trade-off is that Fanatics Markets charges far lower commissions than standard sportsbooks because users trade among themselves, not against the house.
How Fanatics Markets Works
Fanatics Markets operates legally in states without regulated online sports betting by functioning as a derivatives trading platform, which is legal under federal law.
In short, Fanatics Markets turns every prediction into a binary “Yes” or “No” question. Instead of dealing with moneyline odds (e.g., -150 or +130), users buy and sell contracts at prices ranging from $0.01 to $0.99.
Contracts have two potential resolution states:
- Contracts that correctly predict the outcome resolve at a final price of $1.
- Contracts that incorrect predict the outcome resolve at a final price of $0.
The price of a contract reflects the market’s consensus on the probability of that event occurring. For example, if a contract for “Patrick Mahomes to throw 2+ touchdowns” is trading at $0.65, the market believes there is a 65% chance it will happen.
If you buy the “Yes” side at $0.65 and the event occurs, the contract settles at $1.00, netting you a $0.35 per-share profit. If the event does not occur, the contract expires at $0.00, and you lose your $0.65 stake.
Traders can also sell their positions before the event concludes. If you bought “Yes” at $0.65 and the price rises to $0.85 during the game due to a strong performance, you can sell early to lock in a profit without waiting for the final result.
Trading Fees
Fanatics Markets charges per-trade fees based on the number of contracts in the trade and their current price.
For most contracts (priced between $0.04 and $0.96), the fee is a flat $0.02 per contract.
Here’s an example of the trading fee for a single contract based on its price:
| Contract Price | Trading Fee |
| $0.01 | $0.005 |
| $0.02 | $0.01 |
| $0.03 | $0.015 |
| $0.04-$0.96 | $0.02 |
| $0.97-$0.99 | $0.01 |
Fanatics Markets Categories
Fanatics Markets focuses primarily on sports prediction markets based on the most prominent leagues in the US and abroad, including:
- NFL
- NBA
- MLB
- College Basketball
- College Football
- NHL
- Boxing
- MLS
- International Soccer (EPL, Serie A, UCL, La Liga, Ligue 1, Bundesliga, etc.)
Prediction types include game outcomes (point spreads, totals, and outright winners), player props, and season-long results.
Each market is structured around a single, objective yes/no question. For example: “Will the Los Angeles Lakers make the NBA Finals this season?” Fanatics keeps the language plain and specific, so traders know exactly what they’re betting on.
Fans shouldn’t expect the extremely granular array of props and alt lines that established online sportsbooks offer, but Fanatics Markets does offer surprisingly diverse per-game prediction options given its relative youth compared to other platforms like Kalshi and Polymarket.
For example, a recent Fanatics Markets NFL game offered a good but not extensive range of prediction markets:
- Outright winner
- Point spread
- Point total
- Anytime TD scorers
- Player total receiving/passing/rushing yards
- Player to score the game’s first TD
- Player to score 2+ TDs
Live markets are also available for games already underway. During an NFL game, you can trade contracts on events like “Will this team score in the next drive?” or “Will the total reach 40 points?”
Non-sports market categories include:
- Politics
- US Presidential Elections
- Culture
- Weather
- Economy
- Business & Finance
- Crypto
- Tech & AI
Fanatics Markets App Review
Fanatics Markets is available as a standalone app on iOS and Android. The platform has achieved strong early ratings: 4.9/5 stars on Apple’s App Store (from just a handful of reviews so far, but it’s still a promising start).
The Fanatics Markets app (iOS and Android) borrows heavily from the sleek, dark aesthetic of the Fanatics Sportsbook app. Unsurprisingly, the Fanatics Markets app demonstrates the same technical smoothness, with fast, crisp transitions from page to page and (mostly) intuitive navigation.
Technically speaking, the Fanatics Markets app is flawless. There simply is nothing to complain about, and the app just feels “tight” in a way that’s exceedingly rare in sports betting or prediction markets.
On the design side, the app looks nice, but the layout is overly basic and leaves some room for improvement. For fans who want the most sportsbook-like experience, the app’s simplicity may be a plus. But for those who want to delve into the full-fledged trading experience, the Fanatics Markets app doesn’t offer much beyond the basics.
Although the app makes it easy to drill down to specific leagues, games, and individual predictions, it’s not as easy to find the order book (it’s only viewable on the order slip after you select a Yes/No contract) and other market-style details.
App Highlights
- Intuitive order placement: Selecting a market, choosing yes/no, entering a quantity, and confirming your transaction is straightforward. The app clearly displays your potential payout and implied probability before you submit, so there are no surprises.
- Live trading during events: During ongoing games, the app tags contracts as “live” and updates prices in real time.
- Responsive performance: The platform loads quickly, and order submission is snappy – a key advantage over websites or sluggish apps.
- Responsive team: Early user feedback suggests Fanatics has been responsive to bug reports and feature requests, a positive sign for an app’s maturity and post-launch support.
Notable Gaps
- No search feature: There’s not yet a search tool to find specific markets quickly. If you’re hunting for “Will Patrick Mahomes throw 3+ TDs?”, you’ll need to navigate through Sports > NFL and manually scan for it. The missing search feature is a known limitation that Fanatics will likely address in an update.
- No web platform: Everything is mobile-only at launch. If you prefer trading on a desktop or laptop, you’re out of luck (for now).
- Market menu is lean: You won’t see the breadth of non-sports markets at Fanatics Markets as you would on Kalshi or Polymarket. However, Fanatics says it plans to expand its prediction market categories soon.
- No social features (yet): The Fanatics Markets app lacks the social elements (leaderboards, trader profiles, ways to tail successful traders, chats) that make market leaders like Kalshi and Polymarket stand out. Currently, you’re trading in isolation rather than alongside a community of traders.
Overall App Verdict
Despite just recently launching, the Fanatics Markets app is polished, responsive, and generally pleasant to use.
It prioritizes the casual sports fan over serious traders and analysts. If you’re comfortable with a mobile-first, sports-focused experience and don’t mind a leaner market menu in these early months, the app delivers a pleasant UX.
Once the Fanatics Markets app adds a search feature, expands its markets (breadth and depth), and maybe even introduces some social elements, it will be a well-rounded product on par with the market leaders.
Fanatics Markets Deposit Methods
Fanatics Markets supports a handful of deposit methods, but it will likely add additional options over the coming months. The current deposit options include:
| Deposit Method | Processing Time | Minimum Deposit | Fee |
| Debit Card | Instant | $10 | 2% |
| Apple Pay | Instant | $10 | 2% |
| Online Banking | Instant | $10 | None |
| Wire Transfer | ~Two Hours | $1,000 | None |
Most deposit methods are instant or near-instant. Debit card, Apple Pay, and online banking deposits typically post immediately, allowing you to start trading right away. Wire transfers can take up to 24 hours if sent during business hours, though many clear faster.
Note: In its efforts to support responsible gambling, Fanatics Inc. maintains a business-wide policy (including Fanatics Markets) of not accepting credit card deposits.
Fanatics Markets Withdrawals
| Withdrawal Method | Fee | Processing Time |
| Online Banking | None | 3-5 business days |
| Debit Card | None | 2-3 business days |
Note: Just like at other regulated exchanges, you may need to have deposited via a particular method before you can withdraw to it. For example, if you funded your account with a debit card once, you can withdraw back to that same card.
Minimum withdrawals are typically low (around $5), so you can cash out small winnings without barriers. Thankfully, there are no withdrawal fees.
The withdrawal experience mirrors Fanatics Sportsbook’s process, so if you’re already familiar with how payouts work there, expect the same at Fanatics Markets.
Fanatics Markets Customer Support
Currently, Fanatics’ customer support is limited and needs an upgrade. The only way for customers to contact Fanatics Markets is through email or a form message. There’s also a basic knowledge base for instant answers to common questions, but it’s far from comprehensive.
- Support email: support@fanaticsmarkets.com
- Contact form: https://support.fanaticsmarkets.com/s/contactsupport
Fanatics Markets Responsible Trading
Although it’s a financial exchange rather than a traditional sportsbook, Fanatics Markets remains committed to promoting responsible participation.
Notably, the Fanatics Markets app includes a suite of tools to help traders manage risk and maintain control over their finances.
Users can log in, open the account menu, and visit the “Risk Management” area to set deposit and time limits, start a “timeout” period ranging from three to 365 days, or self-exclude for one year, five years, or indefinitely.
Fanatics Markets FAQ
Expert Opinion: Is Fanatics Markets Legit?
Yes. Fanatics Markets is a legitimate, CFTC-regulated prediction market platform backed by Fanatics Inc., a $25 billion+ company with a significant presence in sports merchandise, collectibles, and online gambling.
With that said, Fanatics Markets is still an early entrant in the prediction markets space, so only time will tell how it compares to other options.
Why You Might Choose Fanatics Markets:
- You’re already a Fanatics Sportsbook user and want one unified account.
- You’re in a state without legal sportsbooks and want a trusted sports brand.
- You prefer a sports-first approach and want simplicity over market breadth.
- You want mobile-first trading with a casual user experience.
Why You Might Choose a Different Predictions Exchange:
- You’re a desktop trader (no web platform at Fanatics yet).
- You want lower fees (Kalshi’s formula is better for large trades).
- You want faster new-market launches and more variety (Polymarket for crypto/culture; Kalshi for breadth).
- You want a welcome bonus (Kalshi’s $10, Crypto.com’s rotating promos)
Wes Burns has more than a decade’s worth of experience as a writer, researcher and analyst in the legal gambling industry and is co-founder of BettingUSA.com. As a former professional online poker player, Wes approaches his work from the viewpoint of players.