When looking at the question of whether FanDuel is legal in Florida, we’re going to focus explicitly on FanDuel Predicts. This is a CFTC-regulated prediction market exchange where users can trade event contracts on a variety of prediction markets.
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FanDuel Markets is available to you in Florida if you are physically located in the state, a legal US citizen or permanent resident, and over the age of 18. Before you can trade, you must sign up, get verified, and complete a strict set of KYC requirements. This includes a questionnaire about your current employment status, income, and trading history.
Details
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en
Accepts Customers from
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FanDuel Predicts is a prediction market exchange that’s regulated by the Commodity Futures Trading Commission (CFTC). It allows you to buy and sell event contracts for prediction markets, which include sports games and other future outcomes.
As explained in our
FanDuel Predicts review, the event contracts cost between $0.01 and $0.99 based on the implied probability of the outcome. In other words, if the Dolphins had a 50% chance of winning their upcoming NFL game, “Dolphins: Yes” contracts would cost roughly $0.50 each.
How Payouts Work
Once the sports game or other future event has concluded, the prediction market is “resolved”. If you are correct, you make a profit and receive a payout, and you lose all of the money you spent if you are incorrect.
This is how the correct and incorrect event contracts close following a resolved prediction market:
✅
Correct event contracts: Close at $1.00 each
❌
Incorrect event contracts: Close at $0.00
Is FanDuel Predicts Available in Florida?
Yes, as it’s a federally regulated exchange, FanDuel is available to Floridian traders who are aged 18+. However, the requirements are pretty strict. As well as providing information for the full KYC process, you must also complete a suitability check.
KYC and Suitability Check for FanDuel Predicts FL
Here are the details of what you need to provide for the KYC process and suitability check to trade at FanDuel Predicts in the Sunshine State:
🆔 KYC and ID verification:
Personal information, valid photo ID, and the final four digits of your SSN
💲 Financial Suitability Check:
A short questionnaire about your current employment, earnings, net worth, and trading experience.
If you fail KYC or don’t pass the Financial Suitability Check, you will be denied access to FanDuel Predicts and won’t be able to trade.
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FanDuel Predicts Bonus for New FL Traders
If you pass the necessary KYC and checks when signing up, you’ll be eligible for a $25 trading bonus after funding your wallet. No
FanDuel Predicts promo code
is required to activate the offer, and you can consult our full bonus review for details of the promotions and the T&Cs.
📈 Prediction market:
FanDuel Predictions
🏆 Welcome offer:
$25 trading bonus
🎁 Bonus code:
N/A
FanDuel Prediction Markets – The Pros and Cons
Now that you have the key details about the availability of FanDuel Predicts in FL and the verification requirements, we’ll finish with a summary of the pros and cons:
FanDuel Pros and Cons
Available in Florida
Regulated by the CFTC
Trusted brand
18+ age limit
High risk of losing money
FanDuel Predicts Florida – Summary and Conclusion
The bottom line is that FanDuel Predicts is available to Floridian traders who are aged 18+ and physically located in the state. You must provide all of your personal details and ID documents to complete the KYC process before you can trade. Additionally, you must answer the questionnaire to pass the Financial Suitability Check before you can deposit funds and buy and sell event contracts on the platform.
Is FanDuel Legal in Florida? FAQ
Yes, FanDuel Predicts is available in Florida if you’re over 18 and complete the KYC and suitability requirements. FanDuel Predicts is a CFTC-regulated exchange that offers users the chance to trade event contracts for a variety of prediction markets.
FanDuel is one of the 18 states where you can trade sports prediction markets on FanDuel Predicts. In the other 32 states, you can trade other prediction markets, excluding sports
As it is regulated by the CFTC, which is a federal body, FanDuel Predicts is available to some extent in all 50 states. However, sports predictions are only available in 18 states, including Florida
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