Fanatics Buys BGC’s Regulated Exchange and Clearinghouse to Launch Prediction Markets
Fanatics is acquiring BGC’s federally regulated contract market, exchange, and clearinghouse, securing the infrastructure to independently launch and settle its own prediction-market contracts.
The transaction marks a strategic expansion for the sports-betting operator beyond traditional sportsbooks, positioning it to compete directly with prediction-market platforms such as Kalshi. Establishing a federally regulated trading venue may also create a pathway for sports-event contracts in jurisdictions where conventional wagering remains restricted.
From the sources (2 posts)
@coindeskNEW: Fanatics will acquire BGC's federally regulated exchange and clearinghouse to launch and settle its own prediction markets. @HeleneBraunn reports.
@slayhouseliveFanatics is making a major move beyond sports betting. The company is acquiring a federally regulated contract market and clearinghouse, giving it the infrastructure to launch its own prediction-market exchange. Fanatics isn't just trying