Underdog buys Aristotle Exchange to add its own prediction-market exchange
Underdog has acquired Aristotle Exchange, which operates the PredictIt platform and holds CFTC registrations as a designated contract market and derivatives clearing organisation. The acquisition would let Underdog offer event contracts through its own platform rather than relying on partnerships, and the company said its exchange would include sports contracts.
Owning a registered exchange could let Underdog offer event contracts without relying on intermediary agreements.