Fanatics Acquires BGC Regulated Exchange to Launch Prediction Markets

Fanatics secures BGC's regulated exchange and clearing house to launch proprietary prediction markets, positioning itself against Kalshi and Polymarket.

Woofun AI reports that Fanatics will acquire a federally regulated exchange and clearing house from BGC to establish and settle its own prediction market operations. The companies also intend to develop new market data products that integrate prediction market activity with traditional financial data, enabling Fanatics to compete directly with platforms such as Kalshi and Polymarket.