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Jul 27, 2026

Fanatics acquires CFTC-regulated exchange in prediction markets expansion

Fanatics purchased BGC's Water Street Labs and CX Clearinghouse, gaining the ability to list and settle its own event contracts on a federally regulated platform. The deal positions Fanatics to compete directly with DraftKings and FanDuel in the rapidly growing prediction markets sector.

Jul 27, 2026·2 sources
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Top claims

  • ▪NYSE parent company ICE invested $1.6 billion in Polymarket, while Coinbase and Robinhood have partnered with Kalshi
  • ▪These new data products will blend prediction-market sentiment with traditional financial data
  • ▪The acquisition allows Fanatics to list and settle its own prediction market contracts directly, without relying on third parties

Topics

Crypto regulationMergers & acquisitions (M&A)Prediction marketsSports betting legalization