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Betr acquires Ascent Capital to pursue US prediction markets

Deals & M&A

Betr acquired Ascent Capital Management Inc., gaining its National Futures Association and Commodity Futures Trading Commission registrations, the company said. Betr plans to introduce prediction-market event contracts powered by Polymarket in its app later this year, targeting more than 1 million paying users nationwide. The planned markets would cover sports, politics, culture and other categories.

The acquisition gives Betr registrations it says will support its planned entry into US prediction markets.

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Deals & M&A

SCCG says Tater data featured on CNBC election segment

SCCG Management said its portfolio company Tater supplied data for a CNBC segment about US midterm election prediction markets. The chart showed a 74% probability for Democratic control of the Senate, compared with 87% implied by individual contracts, according to the company’s account.

Tater, described as a data and analytics platform for the prediction market, is a portfolio company of SCCG Management, which announced the firm appeared on CNBC's Closing Bell. The network's segment carried the title “Betting on the Midterm Elections,” and within it CNBC displayed a full-screen chart credited to Tater under the heading “Kalshi Traders and the Blue Wave.”

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