By The Weekly Edge desk ·
SBC Americas reported that BGC Group agreed to sell CX Clearinghouse and Water Street Labs to Fanatics for an undisclosed sum. The businesses provide exchange and clearing infrastructure registered with the CFTC.
The agreement would bring prediction-market exchange and clearing infrastructure into Fanatics.
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Linked through shared companies, regulators and people, or one step further through the graph.
The planned acquisition would give Fanatics infrastructure for its own prediction market exchange.
The planned acquisitions would provide Fanatics with exchange and clearing capabilities.
The purchases would give Fanatics direct ownership of exchange and clearing infrastructure.
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The planned acquisition would bring exchange and clearing infrastructure into Fanatics’ prediction-market offering.
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