Fanatics to acquire the regulated exchanges and clearinghouses under BGC and launch a prediction markets business

Golden Finance reported that on July 28, Fanatics, a sports merchandise and betting platform, will acquire BGC’s federally regulated exchanges and clearinghouses to launch and settle its own prediction markets business.
Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data. This deal will bring Fanatics into the prediction markets space, competing alongside platforms such as Kalshi and Polymarket.
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