Betr acquires Ascent to access CFTC and NFA introducing-broker registration
Betr acquired Ascent Capital Management to use its registration as an introducing broker with the CFTC and National Futures Association. The acquisition follows Betr’s multiyear agreement with Polymarket to offer its event contracts in Betr’s app; Betr chief executive Joey Levy said the deal supports its planned prediction-market launch.
The acquisition gives Betr access to Ascent’s registrations as it prepares to offer prediction markets through its app.