By The Weekly Edge desk ·
EGR reported a planned Fanatics purchase involving CX Clearinghouse and Water Street Labs. The businesses would broaden its Fanatics Markets offering, which currently uses Crypto.com infrastructure.
The planned acquisition would bring exchange and clearing infrastructure into Fanatics’ prediction-market offering.
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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 agreement would bring prediction-market exchange and clearing infrastructure into Fanatics.
The purchases would give Fanatics direct ownership of exchange and clearing infrastructure.
The partnership assigns OG.com infrastructure and clearing responsibilities for Robinhood’s retail event contracts through its CFTC-regulated exchange and clearinghouse.
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