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Underdog acquires Aristotle Exchange and its CFTC registrations

Deals & M&A

Underdog announced it had acquired Aristotle Exchange, reportedly gaining access to a Designated Contract Market and Derivatives Clearing Organization registered with the CFTC. The company said the acquisition will enable it to offer sports event contracts and other markets through its own platform, rather than relying on external contract providers.

The acquisition could give Underdog direct control of the registered exchange infrastructure used for its prediction-market offering.

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Deals & M&A

PrizePicks and OG.com launch digital trading card packs across US

PrizePicks launched PrizePicks Packs on 21 October in all 50 states and Washington, D.C., and OG.com introduced OG.com Rips eight days later, the companies said. PrizePicks offers packs priced from $1 to $2,500; OG.com offers NFL, NBA, MLB and Pokémon packs. OG.com said its product is not regulated by the CFTC.

PrizePicks launched digital card packs on Oct. 21 across all 50 states and Washington, D.C., followed eight days later by Crypto.com-affiliated OG.com.

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