By SectorWire desk ·
Fanatics Sports & Casino has added event contracts to its app alongside sports betting and casino gaming. The update follows its acquisition of a regulated exchange from BGC Group.
Fanatics now offers event contracts alongside sports betting and casino gaming in its app, following its regulated exchange acquisition.
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The planned acquisition would give Fanatics infrastructure for its own prediction market exchange.
The purchases would give Fanatics direct ownership of exchange and clearing infrastructure.
The agreement would bring prediction-market exchange and clearing infrastructure into Fanatics.
Rubin’s forecast describes potential sportsbook marketing costs amid competition from prediction markets, rather than spending already committed.
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