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Fanatics partners with Crypto.com for prediction markets launch

Deals & M&A

Fanatics plans to enter prediction markets with Crypto.com, with a platform launch expected in the coming weeks, CEO Michael Rubin said. Fanatics also recently acquired Paragon Global Markets to gain National Futures Association membership, while Rubin acknowledged potential regulatory risks.

The partnership brings a sportsbook operator into prediction markets while state regulators have warned of possible licensing risks.

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