Fanatics buys regulated exchange in bid to grow prediction markets business
The deal gives Fanatics control of its own prediction market infrastructure as event-based trading gains traction across sports, finance and crypto.
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Summary
- Fanatics will acquire BGC’s federally regulated exchange and clearinghouse to launch and settle its own prediction markets.
- The deal positions Fanatics to compete in the fast-growing prediction market sector alongside Kalshi, Polymarket and other emerging platforms.
- Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
