
Fanatics recently launched a new mobile app dedicated entirely to prediction markets. In this Fanatics review, I share my firsthand experiences testing a variety of markets, including sports, culture, politics, and more.
By the end of my review, you’ll know whether Fanatics Markets is just what you’re looking for, or if it’s worth continuing your search. I’ll be sharing details on everything from the trading experience to the type of support services and payment methods available. Tag along to get all the details.
When I visited this prediction market app, I was disappointed to learn there was no welcome bonus for new traders. However, I created my first account only a few weeks after the official launch, so there’s a good chance something will be added in the future. For any updates, just check out the promotional banner on this page, as it will always include the most up-to-date bonuses. If there is an active promotion, you won’t need a Fanatics Predict promo code, just follow the link in the banner to claim your rewards.
Fanatics Markets is regulated by the Commodity Futures Trading Commission (CFTC) and is also a Member of the National Futures Association (NFA). That should give you real confidence that the platform is fully legitimate, so you can download the app with peace of mind. It’s also legally available in 24 US states, including major markets like Florida, Texas, and California, as long as you’re at least 18 years old.
At the time of writing this Fanatics review, the platform is only available through a downloadable mobile app. While this slightly reduces your options, it’s worth mentioning that it’s quick and easy to install. Just use my link to visit the official website, where you can follow the instructions to download the app through the Google Play Store or Apple App Store.
Despite this being a new prediction markets app, it’s already got a lot of positive reviews in the app stores. Previous users frequently praised the app's usability, noting that it’s easy to navigate a variety of markets. I have to agree with this. The interface feels modern and intuitive, plus I liked the quick login process, thanks to biometrics.
Another feature that I found when downloading the Fanatics Markets app was a fully integrated live chat support system. You’ll need to be logged in to your account to access it, but it connects you with a real member of the support team at any time. The response times are fast, and the agents are super knowledgeable, giving you clear guidance on any topic.
I did run into an issue with a failed payment method, but after contacting live chat support, it was resolved within minutes. On another occasion, I reached out via live chat to check on the status of a withdrawal, and the team provided clear, helpful guidance there as well.
If you’re reading this Fanatics review with only a limited understanding of how prediction markets work, you don’t have to worry. It’s actually really beginner-friendly, and it only took me a few minutes to grasp the concept before I got started. Essentially, you will find a wide range of events at Fanatics Markets, which you can purchase with “Yes” or “No contracts. Here’s what that means:
Each event contract is priced between $0.01 and $0.99, and if you purchase the correct contract when the event settles, you’ll receive $1. If it’s incorrect, you’ll get $0. Therefore, your potential profit on every event contract can be calculated by subtracting the cost from the $1 potential win.
Price is determined by supply and demand, not by the Fanatics platform. In general, the price is indicative of what the market believes to be the likelihood that the contract will accurately predict the outcome. For example, an expensive event contract indicates a high probability of success, while a cheap event contract indicates a low probability of success.
The prediction markets on this app focus primarily on sports, elections, economics, and culture. At least this was what was available to me at the time of writing this Fanatics review. But the official website mentions that weather, movies, music, crypto, finance, and current events are coming soon. These markets could be live by the time you visit the site, and if not, it’s something to look forward to.
Here are a few example events:
Another feature I liked about this prediction markets app is that you aren’t permanently locked into a position; you can buy and sell at any time. If the price of each contract increases, this offers an opportunity to lock in early profits by selling the position. Conversely, if the price of each contract decreases, this offers a chance to cut your losses, especially if there is a significant external pressure affecting the prediction's likelihood for success.
There is a catch, however. Fanatics is a P2P trading platform, meaning that you can only sell if there is another trader willing to buy, and vice versa.
The process of making your first deposit is actually super simple, thanks to the intuitive, well-designed mobile app. Once logged in to your account, select the Account Icon in the top-right corner and then select Deposit. From here, you can choose from a wide range of payment methods, including:
Keep in mind that Fanatics does not accept credit cards or prepaid cards; only debit cards are accepted. Also, there is a minimum deposit of $10 for each payment method, and some payments incur fees. For debit card and Apple Pay payments, the fee is 2%, which is always clearly displayed in the interface.
If you’ve had some success with your trades, there’s a good chance you’ll want to request a withdrawal at some point. I found this to be an incredibly easy process while researching for this Fanatics review. The two accepted withdrawal methods are debit card and online banking. However, withdrawals to debit cards are only permitted if the card has been used for a previous deposit and added as a saved payment method. This is important to know ahead of time, as it could influence your choice of payment methods when depositing for the first time.
The big advantage of using a debit card over online banking is the average processing times. Here’s what you can expect:
That said, there are no other noticeable differences in the convenience or benefits between the two payment methods. It will only take a few minutes to request your withdrawal either way.
I had heard good things about the Fanatics prediction app, and after downloading it, I can confirm it lives up to the hype. The registration process is simple and welcoming, despite the lack of a sign-up bonus. Additionally, the app is built for users first, making it easy to navigate the prediction markets, including sports, elections, economics, and culture.
The app is also legal in 24 US states, where it is regulated by the proper authorities, ensuring a fair and reliable experience. Live chat support is accessible around the clock, and a secure list of payment methods is available for deposits and withdrawals. If you want to try this app for yourself, just follow any of my links on this page.
Yes, there is a flat fee of $0.02 per contract for orders that fall between $0.20 and $0.80. There is a reduced fee for orders where the contract price sits outside the $0.20–$0.80 bracket.
Yes, Fanatic’s prediction markets are active 24/7, allowing you to buy and sell your shares in event contracts at any time of the day.
Make sure you are using a strong password with a mix of characters, numbers, capital letters, and special characters. You can also enable multi-factor authentication in the Fanatics Markets App.
When logged in to your account on the app, you can access a 24/7 live chat. Alternative methods include email, and there is a chance that the team will respond to social media messages.
Yes, Fanatics Markets is legal and regulated by the Commodity Futures Trading Commission (CFTC) and is also a Member of the National Futures Association (NFA).