Fanatics launched Fanatics Markets, a fan-led prediction app powered by Crypto.com’s CFTC-registered derivatives exchange in 24 US states.
Fanatics has launched Fanatics Markets, a fan-led prediction market platform allowing users to trade event contracts on sports, finance, economics, politics, and culture, through a strategic partnership with Crypto.com.
The new app, available on iOS and Android, introduces customers to markets and pricing offered by Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse. Fanatics Markets controls the user interface and experience, while CDNA provides institutional-grade trading infrastructure.
Users can trade contracts on scenarios ranging from whether a team will score more than a set number of points to whether economic or cultural milestones will occur. At launch, the service goes live in 24 US states, with additional states to follow.
“Crypto.com was the first to launch sports prediction markets, and our reach continues to grow through innovative partnerships with top-tier platforms such as Fanatics,” said Travis McGhee, Global Head of Predictions at Crypto.com. “We could not be more proud to be the partner of choice for Fanatics, and together we will provide fans with a safe and compliant way to access prediction markets.”
“For years, Fanatics has given fans new ways to enhance their fandom through team merchandise, collectibles, tickets, gaming, events and more,” said Matt King, Chief Executive Officer, Fanatics Betting and Gaming. “Now, with Fanatics Markets, we’re giving fans a safe, intuitive and rewarding way to engage with the moments that move sports and culture, and to pick a side and profit along the way if their prediction is correct.”
Fanatics Markets will roll out in two phases. The first phase, live today, offers event contracts across sports, finance, economics, and politics. A second phase, expected early next year, will expand coverage to crypto, stocks and IPOs, climate, pop culture, technology and AI, film and music.
The platform includes tools to support responsible participation, allowing users to set deposit limits, session limits, timeouts, and self-exclusion. Backed by Fanatics’ broader ecosystem, Fanatics Markets aims to push prediction markets further into the mainstream.
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