US EditionFanatics to Unveil Online Betting in 24 States
Fanatics enters prediction markets with a platform launching in 24 states, offering contracts on sports, finance, and culture, with plans to add crypto and stocks next year.
- Dec. 3, Fanatics announced it is launching Fanatics Markets across 24 U.S. states, including California, Texas, Florida and Washington.
- Industry pressure is prompting Fanatics as rivals DraftKings and FanDuel have expanded prediction markets following rapid online gambling growth after the Supreme Court freed states to legalize sports betting.
- Crypto.com officials noted that Phase One launched Wednesday in 10 states with the Fanatics Markets app on iOS and Android; Travis McGhee said it's 'the first to launch sports prediction markets,' and their reach continues to grow through partnerships.
- Fanatics is positioning Fanatics Markets to embed financial-style products and will expand into crypto, stocks, tech, and music contracts early next year, with CEO Matt King calling it "the top of the first inning" for market growth.
- Fanatics strengthened regulatory footing by acquiring Paragon Global Markets, LLC in July, registered with the CFTC and NFA, while warning trading involves substantial risk amid rising gambling addiction.
30 Articles
30 Articles
Hastings Tribune
Fanatics starts sports prediction app, not subject to state taxes, in 24 states
(The Center Square) – Americans can now wager on sports results through Fanatics Predicts in 24 states that have not allowed legal sports wagering including California, Texas, Georgia, Washington and more.
Fanatics Launches Fanatics Markets, the First Prediction Market at the Intersection of Sports, Finance and Culture
Fanatics Markets Forms Strategic Partnership with Crypto.com | Derivatives North America (CDNA) In July, Fanatics Acquired Paragon Global Markets, LLC, a National Futures Association Member NEW YORK, Dec. 03,
Fanatics Launches Prediction Market Offerings in 10 States
Fanatics Betting and Gaming CEO Matt King announced the launch of Fanatics Markets today on CNBC Fanatics Markets will debut in 10 states today, will be in 24 states by the end of the week Fanatics CEO Michael Rubin announced on Nov. 20 the company would launching a predictions market product Fanatics is officially in the prediction market business. Fanatics Betting and Gaming CEO Matt King today announced on CNBC that Fanatics Markets, the comp…
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