The Sportsbook Meets Wall Street: Fanatics Enters Prediction Markets Fanatics, the sports trading card and collectibles giant, has entered the prediction market space by acquiring Water Street Labs and CX Clearinghouse from BGC Group.
This strategic move allows Fanatics to launch and settle its own prediction market contracts, giving it more control over its products.
Prediction markets have experienced rapid growth in recent years, with companies like Kalshi and Polymarket dominating the space.