Kalshi x FanDuel: could prediction markets be the future of betting?
Front Office Sports recently reported that Kalshi, the rapidly growing, U.S.-based prediction market platform, has begun exploratory talks with gambling and betting giant FanDuel.
In 2025, prediction markets like Kalshi are almost making traditional sports betting feel outdated. Almost. Rather than wagering on the outcome of a match, users on Kalshi can place bets on anything from the next papal election to the price of eggs, the number of deportations in Trump’s first year back in office, the colour of a coach’s shirt — or even, on Kalshi’s main competitor, Polymarket, the likelihood of war.
From papal elections to point spreads
Unlike conventional sportsbooks where the house sets the odds, prediction markets let users bet against each other, generating odds through crowd consensus. Some argue this setup offers a clearer glimpse into likely outcomes: just watch the odds shift, and you might learn what’s coming with more precision than if you were reading the papers.
Kalshi didn’t get it right when it came to picking the next pope, but it might be placing the smarter bet by edging toward negotiations with FanDuel.
FanDuel, owned by Flutter Entertainment — one of Forbes’ top 1,000 most influential companies with a market value exceeding $41 billion — offers both sports betting and 바카라 gambling. It proudly touts itself as America’s number-one sportsbook.
What the deal could mean
A partnership could allow Kalshi to move beyond its current binary model of simple yes/no contracts and into more traditional sports betting formats. “It’s only a matter of time until parlays, point spreads, over/unders, and eventually player props are available,” .
While nothing has been confirmed — neither company has publicly acknowledged the talks — the deal could be a game changer. FanDuel brings over a decade of experience and 12 million users; Kalshi brings the boldness of a startup that successfully challenged its own regulator and emerged with permission to operate in all 50 U.S. states — even though only 39 currently allow sports betting.
