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FanDuel CEO Christian Genetski said the company views sports prediction markets as more of an opportunity than a threat, even with a Supreme Court fight over sports event contracts still hanging over the industry.
Speaking about FanDuel’s outlook, Genetski said the operator is in “pretty good shape” no matter how the case turns out. He said FanDuel can keep prioritizing its core sportsbook business while also using prediction markets to reach customers in states where traditional sports betting is not yet legal.
FanDuel sees value in untapped states
Genetski pointed to California and Texas as especially important markets for FanDuel’s future. Through FanDuel Predicts, the company offers sports event contracts in those states, while FanDuel Sportsbook currently operates in 24 U.S. states.
He said FanDuel does not offer those event contracts in states where it already runs a state-licensed sportsbook. That keeps the prediction-market product focused on places where sportsbook access is not available through current state legalization.
Genetski said, “We have our core sportsbook. We’re still trying to open new states. That remains a priority, but we have an opportunity now with prediction markets to reach a whole new customer base.”
Legal uncertainty remains, but FanDuel expects a long timeline
The legal backdrop is a Supreme Court case that could determine whether sports event contracts remain available or face new limits. Genetski said FanDuel believes a decision may not arrive until late 2027 or early 2028.
That means the industry could have an extended period of uncertainty as operators decide how much to invest in prediction-market products. Genetski also said sports account for 85% of trading volume on prediction markets, underlining why the category matters to sportsbook companies.
What it means for sportsbook players
For players, this does not change where FanDuel Sportsbook is currently legal. Instead, it shows how major operators are trying to build audiences outside the usual state-by-state sportsbook model.
Genetski also said advertising spending on FanDuel’s core sports betting business is declining as the market matures. Entering football season, Missouri is the only state not up and running at this time last year, and no other launches are expected this fall.
The next major item to watch is the court timeline around sports event contracts, since that could help determine how prediction markets and traditional sportsbooks coexist in the years ahead. If you bet on sports, keep using legal platforms available in your state and gamble responsibly.
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Source: As reported by Brad Senkiw.
