By The Weekly Edge desk ·
SBC Noticias reported that Fanatics will buy Water Street Labs and CX Clearinghouse from BGC Group. Fanatics and BGC also plan market-data cooperation combining event-contract sentiment with traditional financial information.
The planned acquisitions would provide Fanatics with exchange and clearing capabilities.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The planned acquisition would give Fanatics infrastructure for its own prediction market exchange.
The agreement would bring prediction-market exchange and clearing infrastructure into Fanatics.
The purchases would give Fanatics direct ownership of exchange and clearing infrastructure.
The planned acquisition would bring exchange and clearing infrastructure into Fanatics’ prediction-market offering.
Fanatics now offers event contracts alongside sports betting and casino gaming in its app, following its regulated exchange acquisition.
The acquisition would give Fanatics direct control over additional prediction market infrastructure.