Fanatics Markets Promo Code December 2025

Johnny Covers Sports Betting Expert ✅ Fact checked by Dylan Wilkerson

6 minute read

A curtain went up on December 3, 2025, as Fanatics became the first major U.S. sportsbook operator to launch a fully regulated, CFTC-registered exchange and prediction market. Sitting at the intersection of sports, finance and culture, the Fanatics Markets app is not a sports betting app, but a peer-to-peer trading platform that allows users to buy and sell event contracts priced from $0.01 to $1.

The best way to think of prediction markets is to view them as something like stock markets, where these traders can trade contracts on everything from "Will the Pittsburgh Steelers cover the spread" to "Will the Fed cut rates by 50 basis points by the end of the year?".

With the launch of the Fanatics Markets app, Fanatics Markets users can turn real-world predictions into liquid, tradable assets.

As one of the leading global sports platforms, with deep roots in selling team merchandise and successful sports betting expansions, Fanatics is the first recognizable global sports brand to launch a prediction market app fully regulated by the Commodity Futures Trading Commission.

Instantly becoming a competitor to mainstream prediction market platforms like Kalshi and Polymarket, Fanatics' prediction market product is the first of the sportsbook operators to gain federally registered approval to launch.

Having acquired Paragon Global Markets in July 2025 and partnering with Crypto.com in the time since, Fanatics built a compliance moat to legally operate in 24 states upon launch, including in largely populated states Florida, California, and Texas. Fanatics CEO Michael Rubin sees his company as being the first prediction market amongst the sports betting giants to live as the perfect intersection of sports, finance, and culture.

Our exclusive VegasInsider guide to Fanatics Markets will tell you everything you need to know about one of the historical early moments shaping sports prediction markets forever. We'll go over how to get signed up on the prediction market platform, how it differs from legal sports betting, and everything else this cultural moment means for sporting events and more.

KEY DETAILS OF THE FANATICS MARKETS LAUNCH

The team merchandise, collectibles, tickets, and sports betting operator Fanatics made history this month, becoming the first sportsbook operator to launch a federally regulated prediction market app.

Currently in beta phase rollout, Fanatics Markets is a pivotal moment in event contracts-related trading, positioning Fanatics first in the race of major sportsbooks to launch a prediction markets app.

By leveraging its already trusted ecosystem of sports fans, Fanatics CEO Michael Rubin formed a critical partnership with Crypto.com Derivatives North America (CDNA), instantly giving Fanatics Markets the ability to trade on real-world outcomes. Let's dive into some of the key details behind the launch that gave Fanatics users event contracts:

• Phased Rollout Across 24 States: Over December 3-5, Fanatics had a phased rollout in 24 states, first debuting in 10 states on December 3rd (AK, DE, HI, ID, ME, NH, ND, RI, SD, UT), expanded to 19 on December 4th (adding AL, MN, MS, NE, NM, OK, OR, SC, WI), and reached full coverage of 24 states by December 5th (adding CA, FL, GA, TX, WA). The rollouts in Alabama, California, Florida, Georgia, and Texas instantly added states without sports betting, with huge populations.
• Acquired Paragon Global Markets: In July of 2025, Fanatics acquired Paragon Global Markets, a National Futures Association Member with a CFTC-registered exchange and clearinghouse.
• Partnership with Crypto.com: With a combined daily trading volume of hundreds of millions of dollars already, the partnership provided Fanatics with market-institutional-grade infrastructure to offer real-time market prices from the outset.
• Beta Mode: Now launched in beta mode, the Fanatics Markets app enables users to utilize responsible trading tools, including the ability to set deposit limits, enforce session limits, and utilize other risk management tools across the Fanatics ecosystem.

WHAT IS A PREDICTION MARKET?

At their core, prediction markets are innovative platforms for trading contracts based on the outcomes of future events (e.g., sports, pop culture, politics, crypto, and more).

HOW PREDICTION MARKETS WORK

Prediction markets operate as peer-to-peer exchanges, meaning users buy and sell "Yes/No" contracts against one another, not against "the house" (unlike traditional sportsbooks).

• Pricing and Sentiment: Contract prices range from $0.01 to $1.00 and directly reflect market sentiment—the price equals the implied probability of the event happening.
• Purpose: They give informed fans across many industries the opportunity to cash in on their wisdom.

US REGULATION

• Federal Oversight: In the U.S., these are classified as "event contracts" under the Commodity Futures Trading Commission (CFTC).
• Regulatory Advantage: This federal oversight provides a workaround, allowing operators to offer stock market-like derivatives in states that lack specific sports betting legislation.

HOW TO SIGN UP FOR THE FANATICS MARKETS PROMO CODE

For users to access prediction markets, there are a few straightforward steps that you should be aware of, as Fanatics Markets and others make the process straightforward and intuitive for new customers.

While there is not yet a traditional promo code for new users, below are the intuitive and simple steps required to sign up at the Fanatics Markets beta:

1. Download the Fanatics Markets App: Search for the Fanatics Markets app in the Google Play or Apple Store, finding the dedicated Fanatics Markets app, which is separate from their sportsbook. Download the app once you find it.
2. Create a New Account: The next step in the sign-up process. This is to provide basic information such as first and last name, email address, and a password. Existing users of Fanatics products will still have to sign up for a new account, but Fanatics provides fans with the ability to quickly toggle between the two.
3. Verify Your Identity: With their exclusive strategic partnership with Crypto.com, all new users will have to verify their identity via the Know Your Customers (KYC) process, which includes providing their social security number and a copy of their photo ID.
4. Set Responsible Trading Limits: Just like with sportsbooks, trading responsibly on prediction markets is critical to long-term success. Users can set deposit limits, timeout limits, and even put themselves on self-exclusion lists if their trading is becoming a problem.
5. Deposit Funds and Start Trading: With your account now set up, the time to make your first trade on the Fanatics Markets App has come. Make an initial deposit via your shared wallet, and make your first trade in sports, finance, economics, or politics markets.

MORE POPULAR FANATICS BRANDS

As many into sports already know, Fanatics is far from just a prediction markets brand, as the sports empire has a host of interconnected brands.

Driving fan loyalty initially through their sports merchandise company, they offer a plethora of other brands to make for one of the most powerful ecosystems in all of sports gaming.

Beyond gaming, the foundational Fanatics merchandise app reigns supreme as the world's largest licesnsed sports retailer, with 2025 sales topping $8 billion on jerseys and collectibles alone.

From Fanatics Live Streams, NFT-integrates cards, and everything in between, Fanatics leaves no stone unturned in terms of offerings for their loyal fan bases.

BEST FANATICS MARKETS PROMOS RIGHT NOW

With combined trading volume in the billions across existing prediction markets, promos can often make the difference for new users deciding where to trade their money.

Since Fanatics has completed launching early compared to their competition in the sports betting world, there aren't any welcome bonuses to choose from, but that shouldn't discourage you from signing up.

As they continue to grow exponentially, be on the lookout right here at VegasInsider for the latest Fanatics Markets promos when they become available.

NO DEPOSIT FEES

One amazing perk right now offered to traders at Fanatics Markets is no-deposit fees, as they waive all incoming transaction costs through January 12, 2026. Striking the right balance between fees and generosity, users who fund their account via ACH bank transfers, debit cards, or wire, will avoid the 1-3% fees through the second week of the new year.

In order to claim the no deposit fees promo, simply deposit during the promo window, with no promo code currently being required. This offer aligns with Chief Executive Officer Michael Rubin's promise to keep the fans first in this new gaming frontier. This promo isn't limited to new users, as other users who already have an existing account can take advantage as well.

HOW TRADING CONTRACTS WORKS ON FANATICS MARKETS

Trading contracts on prediction markets is a straightforward process that democratizes event predictions.

• Binary Outcomes: Trading involves buying and selling contracts on yes/no outcomes (e.g., "Will the Chiefs beat the Texans?").
• Contract Pricing:
  • Prices range from $0.01 to $1.00.
  • The price reflects the implied probability based on market sentiment (e.g., a contract priced at $0.55 reflects a 55% chance of the outcome happening).
• Contract Volume: Users can buy a minimum of one contract or up to thousands, depending on the market's liquidity.
• Winning Payout: If the predicted outcome is successful, users win $1.00 per contract purchased.
• Risk Management: Users can cut their losses by selling the contract at any time up to the settlement.

ORDER BOOKS

Order books are at the heart of Fanatics Markets, displaying the real-time ledger of all pending buy and sell orders for a contract in the market.

They are the mechanism that ensures transparency and offers efficient matching in the peer-to-peer markets, displaying how many shares are available for people to buy on either side.

Order books also display how much profit is available to capture, as liquidity is key to any successful settlement of a wager.

BIDS

Bids represent the offer to purchase contracts at a specific price, forming the demand side of the order book and driving prices upward.

Placing a bid means you're bullish on an event happening, such as bidding $0.75 on the Tampa Bay Buccaneers to beat the New Orleans Saints, representing 75% confidence.

In the Fanatics Markets app, users enter the quantity of shares they want to purchase, set a limit price, and confirm their trade.

If matched against an ask (more on that below), the order will execute instantly. Unmatched bids will sit in the order book until they are filled or cancelled.

ASKS

On the other side of the equation, asks are the supply-side of the order book, offering listings to sell contracts at a set price until buyers push them higher.

If you are bearish on an event happening, you can offload a position for quick cash if sentiment goes south.

Within the Fanatics Markets app, create an ask by selecting "Sell", as you can exit your positions by setting a limit on your shares, and after submitting, it will execute when a bid meets or exceeds it.

RULES ON CONTRACTS

Trading contracts on Fanatics Markets requires following strict CFTC guidelines to ensure fairness, with the rule focused on binary resolution, no market manipulation, and the transparent settlement of all contracts.

Each contract is a yes/no proposition, which expires at a pre-set day/time, and is resolved by official sources such as league stats or government data.

Users must hold the contract through expiration for the full $1 payout on winners, as early sales forfeit full profit potential, but do allow for hedging.

With the mechanics of the exchange, there is no vig taken by Fanatics Markets, but instead small fees on each trade.

FANATICS MARKETS APP OVERVIEW

Now legal in 24 states (AL, AK, CA, DE, FL, GA, HI, ID, ME, MN, MS, NE, NH, NM, ND, OK, OR, RI, SC, SD, TX, UT, WA, WI), the Fanatics Markets beta app is a standalone mobile app on iOS/Android devices.

A polished, sportsbook-inspired interface, below is a basic overview of the Fanatics Markets app as the gaming giant already excels amongst companies offering prediction markets.

• Home: Your primary dashboard for all the trending markets, your personalized watchlists, and real-time alerts.
• Live: Shows all the markets that are currently in-play, streaming real-time odds and order books for tracking events that are currently live.
• Sports: Dedicated section to athletic outcomes, including point spreads, outright winners, and totals.
• Portfolio: This is where you can track your holdings, P&L graphs, and personal performance analytics.
• A-Z: Alphabetical index of the 1,000+ contracts currently offered by Fanatics Markets, allowing you to quickly set filters or search the possible markets for trading.

FANATICS MARKETS SPORTS EVENT CONTRACTS

As one of the companies at the forefront of sports in the event contracts industry, Fanatics offers a robust menu of sports markets to choose from.

With pricing offered on five sports to start, expect this list to grow as the rollout continues into 2026. Below are some of the Fanatics Markets sports event contract markets offered today.

• Basketball: NBA, NCAAB, WNBA
• Football: NFL, NCAAF, CFL
• Hockey: NHL, IIHF Worlds
• Combat Sports: Boxing, UFC
• Soccer: MLS, Premier League, World Cup

FANATICS MARKETS POLITICAL EVENT CONTRACTS

Companies have made their mark in the event contracts space by focusing on politics, with Kalshi alone seeing $1+ billion in trading volume on the 2024 races.

Now, a better barometer for public sentiment than mainstream polls, political event contracts rival only sports in terms of popularity.

With 50+ political markets already offered in the beta mode of Fanatics Markets, expects politics to continue to grow in popularity on the new platform.

FANATICS MARKETS ECONOMIC EVENT CONTRACTS

Economic event contracts appeal to macro market traders, whether they are trading on GDP ticks or the rise of interest rates.

Volumes across all platforms have crossed over $5+ billion year to date, as they serve as a great hedge against news volatility in the market.

Around the launch, Fanatics offers 30+ economic markets in the beta mode of the new platform.

FANATICS MARKETS 2026 OSCARS EVENT CONTRACTS

Pop culture contracts, such as those on the Oscars, can be found in the entertainment section of Fanatics Markets.

Drawing casuals into prediction markets, Polymarket has excelled in this area, bringing $100+ million into their entertainment markets when introducing brokers for the category.

MORE MARKET TYPES COMING SOON

Launching less than a month ago, Fanatics Markets is just getting started, and phase two in early 2026 will unleash a host of new categories and more markets.

Capturing everything from crypto to climate, below are some of the markets we see elsewhere in the industry that Fanatics Markets will likely soon offer.

• Climate
• Crypto
• Finance
• Tech & AI

FANATICS MARKETS VS POPULAR COMPETITORS

Fanatics Markets is the first sportsbook operator to gain entry into the prediction markets space with CFTC regulation, but that doesn't mean there isn't stiff competition in the arena.

Below are some of the popular competitors that Fanatics Markets is up against.

While Fanatics is the first to market to launch, FanDuel, DraftKings, and PrizePicks are hot on their tail and are poised to crash the party.

BANKING OPTIONS ON FANATICS MARKETS

• Online Banking/ACH Transfers: Instant deposits, supports the shared Fanatics wallet.
• Debit Cards (Visa/MasterCard): Instant processing, widely available.
• Apple Pay: Mobile wallet integration for iOS users.
• Wire Transfers: For high-volume deposits ($1,000+)
• No Crypto Support: Fiat-only at launch; future Phase Two may add BTC/ETH via Crypto.com partnership.

FANATICS MARKETS DEPOSITS AND WITHDRAWALS

• Deposits: Instant via online banking, debit, or Apple Pay (min. $10).
• Withdrawals: Online banking only (min. $1-$5); 24-72 hours processing, often 1-3 business days.
• Limits: Deposits up to $500/day initially; withdrawals $10K/month max.
• Speed and Tools: Instant deposits standard.

FANATICS MARKETS FEES AND INTEREST

• Deposit Fees: 0% through Jan. 12, 2026; post-promo, 2% on most methods.
• Withdrawal Fees: Free across all options.
• Trading Fees: 0.5-1% per trade (taker).
• Interest: None accrued on balances.

FANATICS MARKETS RESPONSIBLE TRADING PRACTICES AND TOOLS

Just like with sports betting, responsible trading is at the center of prediction markets, where emotional swings can make losses much worse.

Promoting education, Fanatics Markets takes responsible trading very seriously. They include tools such as mandatory probabilities, real-time alerts, deposit limits, trading limits, cool-off periods, and self-exclusion lists.

CUSTOMER SERVICE ON FANATICS MARKETS

Just like with their sports merchandise and sports betting products, Fanatics Markets users can expect excellent customer service options for any issues they may have. Below is a full list of ways to get support:

• Live Chat: 24/7 in the app
• Email: support@fanaticsmarkets.com
• Phone: 1-800-FANATICS

VEGASINSIDER'S EXPERT TIPS FOR TRADING ON FANATICS MARKETS TODAY

With the comprehensive guide on all things Fanatics Markets coming to an end, the CFTC-brokered debut of the newest player in the prediction markets arena has been flawless thus far.

If it's your first time venturing into the space, below are a few VegasInsider tips on how to take advantage of the new Fanatics Markets platform and turn a profit.

• Start with Demo Mode: Use the app's new demo mode to simulate bids/asks without risking real stakes.
• Diversify Across Markets: With hundreds of markets to choose from, allocate your funds across various markets to hedge against natural volatility.
• Monitor Prices Tightly: Monitor the prices of the markets you're interested in closely, waiting for the right time to pounce based on the swings before settlement.
• Look at Live Trading: With prices constantly moving, you'll often find the best prices by watching events that have already started as sentiment becomes emotional.
• Set Limits Early: Going back to the core pillar of responsible trading, always set limits on how much you are willing to lose via your early trades. Once set, don't stray from your trading limits.

FANATICS MARKETS PROMO CODE FAQS

Still got questions on Fanatics Markets? We've got concise answers to all of the frequently asked questions you might still have on the new prediction market platform.

WHAT IS THE FANATICS PREDICTION MARKET?

Fanatics Markets is a CFTC-regulated prediction market app for trading event contracts on everything from sports betting outcomes, political events, economic indicators, and even pop culture events like the Oscars.

IS THERE A FANATICS MARKETS PROMO CODE?

There is no active Fanatics Markets promo code for the beta launch, but you can expect welcome bonuses and referral codes coming soon.

WHAT STATES HAVE FANATICS MARKETS?

Fanatics Markets is currently legal in 24 states, including AL, AK, CA, DE, FL, GA, HI, ID, ME, MN, MS, NE, NH, NM, ND, OK, OR, RI, SC, SD, TX, UT, WA, and WI.

IS THERE A FANATICS MARKETS REFERRAL BONUS?

No, there is not yet a Fanatics Markets referral bonus in beta launch, but expect one for the phase two rollout in 2026.

HOW IS FANATICS MARKETS LEGAL?

Fanatics Markets is legal via CFTC event contract rules, as a Paragon-brokered platform operating federally, outside of state gambling laws.

WHAT MARKET TYPES CAN I TRADE ON FANATICS MARKETS?

Fanatics Markets can trade on sports, economics, politics, pop culture, and more.

DOES FANATICS MARKETS HAVE FANCASH?

No, Fanatics Markets does not offer FanCash Rewards or sportsbook-style promos yet during their beta launch.

Johnny Covers

Johnny Covers has been covering the sports betting and iGaming industries for the better part of the past decade. Along the way, he has written for publications such as All-In Magazine, Sportsbook Review, Golf Monthly, Betting Pros, Sportsbook Review, OddsJam, OddsChecker, CasinoReviews.com, Ribacka Media, and most recently, Better Collective. Johnny is a Pittsburgh native and currently resides in Charleston, SC. More from Johnny Covers