For the most up-to-date list of available markets by each bookmaker, query the markets endpoint. FanDuel is the most popular sportsbook in New York, capturing approximately 48% of the state’s online sports betting GGR. Combined with FanDuel, the two operators control about 78% of all legal sports betting revenue in the United States. DraftKings holds approximately 34% of the US sports betting market by GGR. FanDuel holds approximately 44% of the US sports betting market by gross gaming revenue (GGR) as of Q1 2026, making it the largest sportsbook operator in the country.
With prediction markets, you could also choose to sell your shares before the Super Bowl. If you looked at NFL futures on a prediction market website it would list teams and the likelihood, percentage-wise, that each team would win the Super Bowl. When it comes to prediction markets, you are exchanging your money with other market participants – just like the stock market. Basic odds set by the sportsbook are point spreads, moneylines and totals. It is important to note that these prices are constantly in flux, much like the stock market. We will also dive into how prediction markets differ from sports betting and how to use sites like Kalshi and Robinhood.
The sportsbook companies that have launched prediction markets aren’t offering them federally as they try to maneuver the legal landscape. That financial plumbing provides a clear explanation for why prediction markets are regulated at the federal level. “So really I think what the event contract markets have provided people is the ability to access a variety of asset classes that they maybe didn’t have access to before.”
Sportsbook Insider offers the industry’s most advanced live odds platform for the most sought after, market-setting sportsbooks. Most regulated online sportsbooks in the U.S. accept PayPal as a payment method, including our top options BetMGM, FanDuel, DraftKings, and Caesars Sportsbook. The rest of our favorite betting sites are listed above and include Fanatics Sportsbook, bet365, FanDuel and DraftKings. All of the sportsbooks listed above are licensed in New Jersey by the NJDGE. Online sportsbooks are legal provided they are licensed by the gaming authority from the state in which they are operating. In tandem with gambling hotlines, a plethora of responsible gaming websites offer valuable resources, including stories of recovery, detailed FAQs, live chat sessions with professionals, and more.
The best sports betting sites must work hard to entice both new and existing users. If your bet settles as a loss, get the stake of the eligible wager back, up to $1,000. Terms, including FanCash terms apply-see Fanatics Sportsbook app. New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, or WY (excl. NY).
BetMGM and Caesars, notable sportsbooks that are also under parent companies with massive brick-and-mortar casino businesses, have not yet entered prediction markets. Because the companies running the prediction markets don’t care who wins, the companies aren’t exposed to the risk of users beating them to news and information. FanDuel Predicts is expected to expand to other states in 2026, but did say in a press release that “As new states legalize online sports betting, FanDuel will cease offering sports event contracts in those states.” That federal regulation has been essential to the sudden growth of prediction markets because that means they can go live in all states, including those where traditional mobile sports betting remains illegal, such as California and Texas. Even if it’s not going to be the highest-volume market or highest revenue-producing market, if we think there is interesting or pertinent information to be gleaned from it, we’ll list it.
The popularity of prediction offshore sportsbooks markets is likely to grow in the coming months and years. Betting on such serious matters is morally wrong, but people do engage with these markets. It may take you a while to understand how prediction markets work. The risks of running into financial issues are very real when using these sites. Just with sports betting, there are numerous benefits and risks when it comes to using prediction markets.
Millions of bettors around the country have the utmost confidence in other top-tier sportsbooks too, including BetMGM or Caesars. Right now, FanDuel takes the cake for its sleek design, generous promotions, and the consistency of its product. The platform offers an enormous selection of betting markets, creative promotions, and some of the best parlay and futures options in the industry. Betting on elections is strictly prohibited across the U.S., even though it’s allowed in countries like Canada and the U.K.
Sports betting markets are ecosystems where prices (odds) for specific outcomes (like “Team A to win”) are created, offered, and adjusted based on supply and demand. Gambling laws vary by state and province, so check yours before playing. In terms of betting type, fixed odds wagering segment to command 34.6% share in the sports betting market in 2025. The sports betting market is expected to grow at a 10.3% CAGR between 2025 and 2035. The market size for the sports betting market is projected to reach USD 298.1 billion by 2035. The global sports betting market is estimated to be valued at USD 111.9 billion in 2025.
