Fanatics will acquire BGC-based regulated exchanges and clearinghouses to launch forecast market operations

On 28 July, Fanatics, the Sports Commodities and Lottery Platform, will acquire BGC-flagged Federally Regulated Exchanges and Clearing Houses to launch and liquidate its own forecast market operations. Fanatics and BGC are also planning to develop new market data products that combine forecast market activity with data from traditional financial markets. The deal brought Fanatics into the forecast market area, competing with platforms like Kalshi, Polymarket, etc。