Core Insights - Fanatics is entering the prediction markets sector with the launch of Fanatics Markets, a user-friendly platform for trading on various events in sports, finance, and culture [1][2] Company Overview - Fanatics is a major player in the sports betting industry and is expanding into prediction markets, which differ significantly from traditional sports betting by allowing trades on a wider range of topics, including politics and cultural events [2][5] - The brand's reputation is seen as a key advantage in attracting users who may be hesitant to engage in prediction markets due to concerns about privacy and financial security [6] Strategic Expansion - The acquisition of Paragon Global Markets, a federally registered introducing broker, positions Fanatics Markets to navigate the regulatory landscape of prediction markets effectively [9] - Fanatics Markets will collaborate with Crypto.com | Derivatives North America to offer customers access to various market pricing and trading options [11] Market Challenges - The prediction markets space is expected to be highly competitive, with established players like Robinhood and WeBull entering the market, presenting new challenges for Fanatics [12][13] - Fanatics aims to leverage its brand strength to differentiate itself in this crowded market [13] Product Launch Phases - The initial launch (Phase One) will focus on event contracts related to sports, finance, economics, and politics, with a second phase planned for early next year to include contracts for crypto, stocks, climate, and pop culture [15] User Experience and Consumer Protection - The Fanatics Markets app will feature a familiar layout similar to Fanatics Sportsbook, with a shared wallet and account system [16] - Consumer protection measures will be implemented, including risk management tools and uniform limits that carry over from Fanatics Sportsbook [17][18] Market Availability - The app will initially launch in several states, including Alaska, Delaware, and Hawaii, with plans to expand to additional states shortly thereafter [20] Industry Positioning - Fanatics aims to be among the early movers in the dynamic prediction markets sector, positioning itself for growth and innovation [21]

Group 1 - Fanatics Betting and Gaming is partnering with Boyd Gaming Corporation to launch online and retail sports betting in Missouri, with plans to debut in December 2025 [1][2]. - The agreement allows Fanatics Sportsbook to operate mobile sports betting under Boyd's license and to open retail sportsbooks at two Ameristar Casino locations [2][5]. - Fanatics Sportsbook will offer various betting markets for major sports, including professional and college football, basketball, hockey, and more, with all market development handled in-house [5][7]. Group 2 - Fanatics Betting and Gaming, launched in 2021, is the fastest growing sportsbook in America, reaching 95% of the addressable online sports bettor market in the U.S. [7]. - The company operates 22 retail sports betting locations, including the only sportsbook inside an NFL stadium [7]. - Boyd Gaming Corporation, celebrating its 50th anniversary in 2025, operates 28 gaming properties across 10 states and manages a tribal casino [8].