Fanatics Sports & Casino Adds Prediction Markets to Its Single App in 23 States Plus Washington, D.C.

Fanatics Sports & Casino has folded event contracts into its app, putting sports betting, casino, and prediction markets under one roof. For PSPs and operators, the interesting part is not the app design; it is the regulatory overlap, the age-gating issue, and the fact that Fanatics is trying to build this on top of an already regulated exchange.

1. Fanatics says the updated app now brings together the Fanatics Sportsbook, Fanatics Casino, and Fanatics Markets in one place. In its own statement, the company said the sportsbook is live in 23 states plus Washington, D.C.; the casino in New Jersey, Pennsylvania, Michigan, and West Virginia; and Fanatics Markets, its federally regulated event contracts platform, in 22 states and four territories across the country.
2. The move follows Fanatics’ acquisition of a regulated exchange from BGC Group. That gives the company a cleaner entry point into prediction markets than a cold start would have, and it is doing so while rivals are also trying to get a piece of the same vertical.
3. Fanatics says it complies with sports betting age requirements for event contracts, which makes it an outlier in a segment that has drawn scrutiny over younger users. The source ties this to a CNN analysis that said around $3.9 billion of trading volume placed on Kalshi was generated on event contracts and by under-18 individuals.
4. The legal backdrop is still messy. The launch comes after a defeat in a court case involving Kalshi in Nevada, plus a New Jersey request for the Supreme Court of the United States to step in and set a regulatory position on prediction markets.
5. There is also a product-design problem lurking here: event contracts and sportsbooks can start to look very similar, especially as the segment adds “combo” and “parlay” markets. Fanatics is entering that overlap from the position of an established gaming company, but it is still relatively new to the market and is choosing acquisition plus organic growth rather than sprinting straight in.

For high-risk payment teams, the practical takeaway is simple enough: Fanatics is trying to package regulated gaming and federally regulated event contracts into a single consumer flow. That usually means more attention to onboarding, age checks, product-specific compliance, and how much operational separation a PSP or acquiring bank will want before touching the stack.