By SectorWire desk ·
The report said that BGC Group agreed to sell CX Clearinghouse and Water Street Labs to Fanatics for an undisclosed sum. The businesses provide exchange and clearing infrastructure registered with the CFTC.
The agreement would bring prediction-market exchange and clearing infrastructure into Fanatics.
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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 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.
Kalshi’s proposed rule would allow financial penalties, suspension or account deactivation for users harassing athletes or third parties over trading.