Global Stock News

Fanatics exploring move into prediction market with Crypto.com

Fanatics exploring move into prediction market with Crypto.com

The Fanatics signage and logo on the exterior of their office building
Fanatics is in talks to partner with Crypto.com on a push into the fast-growing prediction markets sector. Getty Images

Fanatics is in “talks to partner with Crypto.com on a push into the fast-growing prediction markets sector in which customers bet on sports, politics and pop culture.” The move would give US-based Fanatics “exposure to a sector whose popularity has exploded in the past year” with firms such as Polymarket and Kalshi growing rapidly and commanding high valuations. Sources said that the plans for a prediction market partnership between Fanatics and Singapore-based Crypto.com “are in early stages and could still change.” Fanatics is in the midst of a global expansion, making a recent foray into sports betting…

Source link

Share this article

Scroll to Top