BUSINESSDECRYPT
Fanatics Buys CFTC-Registered Exchange in Prediction Markets Land Grab
Fanatics has acquired BGC's Water Street Labs and CX Clearinghouse, enabling the company to list and settle its own event contracts. This move mirrors efforts by sports-betting companies like DraftKings and FanDuel to establish a presence in prediction markets.
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- How Fanatics cornered the sports collectibles market
- U.S. CFTC secures deal with National Hockey League on prediction market safeguards
- U.S. CFTC in talks with every major pro sports league on policing prediction markets
- CFTC signs MOU with National Hockey League over prediction markets