Fanatics acquires CFTC-regulated exchange and clearinghouse license from BGC Group

Executives sign acquisition in a modern office, with a display of Fanatics Markets, Water Street Labs, and CX Clearinghouse.

Fanatics has agreed to acquire Water Street Labs and CX Clearinghouse from BGC Group, positioning its Fanatics Markets business to own the regulated infrastructure used to list and settle prediction contracts. The transaction would give Fanatics control of both a Commodity Futures Trading Commission-designated exchange and a registered derivatives clearing organization, subject to the acquisition […]