News Brief: Fanatics Launches Prediction Market Platform
Summary
Sports merchandise giant Fanatics has launched “Fanatics Markets,” a prediction market platform, rolling out across 24 U.S. states this week. The platform allows users to trade contracts on outcomes in sports, finance, politics, and culture.
Key Points
- Launch: Fanatics Markets launches this week in 24 states, including major markets like California, Texas, Florida, and Washington.
- Two-Phase Rollout: Phase 1 (launched Wednesday) includes contracts for sports, finance, economics, and politics. Phase 2 (early 2024) will expand to crypto, stocks, tech, and music.
- Executive Statement: Fanatics Betting and Gaming CEO Matt King stated the platform offers a “safe, and intuitive way” for fans to engage with sports and cultural moments and profit from correct predictions.
- Market Context: The move follows the rising popularity of prediction markets like Polymarket and Kalshi, with competitors DraftKings and FanDuel also recently announcing their own platforms.
- Features: Pricing is provided by Crypto.com. Users can use a shared wallet across the Fanatics ecosystem and set deposit/session limits.
- CEO Vision: Fanatics CEO Michael Rubin had previously signaled the company’s entry, and Matt King described this as “the top of the first inning” for a market expected to grow exponentially.
新闻简报:Fanatics 推出预测市场平台
摘要
体育商品巨头 Fanatics 推出了预测市场平台 “Fanatics Markets”,本周将在美国 24 个州上线。该平台允许用户就体育、金融、政治和文化等领域的结果进行合约交易。
关键点
- 上线:Fanatics Markets 本周在 24 个州推出,包括加利福尼亚州、德克萨斯州、佛罗里达州和华盛顿州等主要市场。
- 两阶段推出:第一阶段(周三已启动)包含体育、金融、经济和政治合约。第二阶段(2024年初)将扩展到加密货币、股票、科技和音乐等领域。
- 高管声明:Fanatics 博彩与游戏业务首席执行官 Matt King 表示,该平台为粉丝提供了一个”安全、直观的方式”来参与体育和文化时刻,并在预测正确时获利。
- 市场背景:此举是在 Polymarket 和 Kalshi 等预测市场日益流行的背景下进行的,竞争对手 DraftKings 和 FanDuel 最近也宣布了各自的平台。
- 平台特点:定价由 Crypto.com 提供。用户可以使用共享钱包访问整个 Fanatics 生态系统,并设置存款和会话限制。
- CEO 愿景:Fanatics 首席执行官 Michael Rubin 上个月已透露公司将进入该领域。Matt King 将此形容为一个预计将呈指数级增长的市场”第一局上半场”的开始。
Original Article Link: https://www.cnbc.com/2025/12/03/fanatics-launches-prediction-market.html