Fanatics launches prediction market in 24 states
Fanatics is launching Fanatics Markets, a prediction market platform, in 24 states including California, Texas, and Florida. The platform will allow trading on events in sports, finance, and culture, with an initial launch in 10 states covering sports, finance, economics, and politics. Expansion into crypto, stocks, tech, and music is planned for next year. This move follows the trend of legalized online sports betting and similar initiatives by companies like DraftKings and FanDuel.