Many have asked us if FanDuel is legal in Pennsylvania when it comes to prediction markets, so we’ve listened to you and provided this detailed guide. The bottom line is that FanDuel Predicts is available in PA, but with restrictions.
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As a Commodity Futures Trading Commission (CFTC) regulated prediction market exchange, FanDuel Predicts is available to users aged 18+ in 45 states, including Pennsylvania. However, sports prediction markets are unavailable in 32 states, with PA being one of them. Still, this leaves you with the option to trade event contracts for crypto, financial, and economic prediction markets, and more.
Details
Available Languages
en
Accepts Customers from
US
Show States
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY
FanDuel Predicts is a prediction market website and app where you can buy and sell event contracts that are tied to future outcomes, covering sports, economy, and more. The contracts cost between $0.01 and $0.99 each, depending on the probability of the outcome that they are tied to.
If the prediction is correct, the event contract’s value closes at $1.00, giving you a profit if you buy and hold to the event’s resolution. However, the contracts tied to incorrect predictions close to $0.00, meaning that you lose all of the money you outlayed.
Pros and Cons
Pros and Cons
Available in PA
Federally regulated
18+ age limit
Trusted platform
No sports predictions in PA
Risk of losing money
Is FanDuel Predicts Available in Pennsylvania
Like all
prediction market sites
in the United States, FanDuel Predicts is federally regulated by the CFTC, making it available nationwide. While you can access the site if you are over 18 and located in PA, we should note that sports prediction markets are prohibited here.
Here are the key details:
📈 Prediction market:
FanDuel Predicts
🧑⚖Regulation:
Commodity Futures Trading Commission (CFTC)
✅ Available in PA:
Yes
❌ PA restrictions:
Sports predictions are excluded
How to Sign Up to FanDuel Predicts in PA: Eligibility, Suitability, and KYC
Before you can deposit funds and buy event contracts for
FanDuel prediction markets, you must register an account, complete full KYC, and provide some details via the Financial Suitability Questionnaire. Here’s a breakdown of what’s needed:
KYC
Here is a list of the information and documentation that you must provide to get fully verified at FanDuel Predicts:
Personal information: Full legal name, PA residential address, date of birth (must be over 18)
Contact details: Email address and US phone number
Social Security: Your full Social Security number or the final four digits of your tax number
Photo ID: A valid US passport, state/national ID card, or driver’s license
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Easy predictions and trading with FanDuel
Financial Suitability
To comply with CFTC regulations, you are required to pass a financial suitability check by providing the following information:
Employment: Details of your current profession or business ownership
Annual income: You must include your salary or principal income as well as earnings from other investments or income streams.
Estimated net worth: If you are unsure of your estimated net worth, there are online tools or financial professionals who can assist.
Trading experience: Provide details of your previous experience with trading and investing.
FanDuel Predicts Pennsylvania – Conclusion
In conclusion, FanDuel Predicts is legal for PA users aged 18+, due to its national-level regulation by the CFTC. While sports prediction markets are restricted for Pennsylvania traders, crypto, economics, and all other event contracts are accessible.
When you sign up, you must complete full KYC and pass the financial suitability check before you can deposit funds and trade. Prediction markets can be entertaining, but there’s a high risk of losing money, which we would always recommend strongly considering before you take part.
Is FanDuel Legal in Pennsylvania? FAQ
Yes, you can use FanDuel Predicts if you are over 18 and physically located in the Keystone State. The site is nationally regulated by the CFTC and is available to some extent in 45 states plus several overseas US territories.
Sports prediction markets are unavailable to FanDuel Predicts users in Pennsylvania. However, all other prediction markets, including economic, financial, and crypto predictions, are accessible to PA-based traders.
FanDuel Predicts is regulated as a prediction market and derivatives exchange by the Commodity Futures Trading Commission (CFTC). As this is a national regulatory authority, it is available in all 50 states and US overseas territories. However, sports prediction markets are only available in 18 states, making them unavailable in the other 32.
Test your forecasting skills with FanDuel
Easy predictions and trading with FanDuel
