Fanatics, a sports merchandise and betting platform, is set to acquire a federally regulated exchange and clearinghouse from BGC to launch and settle its own prediction market business, according to CoinDesk as cited by Odaily. The companies also plan to build new market data products that combine prediction market activity with traditional financial market data. The deal would give Fanatics a direct entry into the prediction market sector, where it would compete with platforms including Kalshi and Polymarket. The report did not disclose financial terms or a timeline for completion.
Fanatics, the sports merchandise and betting platform, will acquire a federally regulated exchange and clearinghouse from BGC to launch and settle its own prediction market business, according to CoinDesk, as cited by Odaily.
Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data.
The transaction would move Fanatics into the prediction market sector, putting it in competition with platforms such as Kalshi and Polymarket.
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