It is said – and oh, how these rumors do swirl like dust devils in the marketplace! – that Fanatics, a veritable behemoth in the realm of sporting merchandise and collectible gewgaws, is contemplating a most curious venture. They are, it appears, considering a partnership with Crypto.com, a name whispered with a mixture of awe and suspicion in certain circles. A predictions market, you say? Good heavens! Whatever next?
- Rumor has it, carried on the draft of a Financial Times report, that Fanatics is sniffing around the prediction market, with Crypto.com as a possible accomplice.
- These discussions, mind you, are still in their infancy, like a babe just learning to babble. Much could change, naturally. One can never truly trust the whims of commerce.
According to sources – unnamed, naturally, for who would willingly attach their reputation to such outlandish speculation? – the plans are…fluid. As fluid as a politician’s promises, one might add. 🙄
Fanatics and a Change of Heart (Oh, the Irony!)
Fanatics, a company previously occupied with the more…tangible pursuits of jerseys and baseball cards, now toys with the idea of prophecies and probabilities. A company swollen with capital – over $700 million, gifted by the likes of SoftBank and others of their ilk – and valued at a positively dizzying $31 billion! Such opulence! It begs the question: what don’t they spend their money on? Perhaps tiny hats for squirrels?
The prediction markets, you see, have become the latest craze, a fever gripping the American financial soul. Sports betting, in particular, draws investors like moths to a flickering candlelight – and just as likely to get burned. Kalshi and Polymarket currently hold sway, but a host of lesser players scrabble for a piece of the action like beggars at a feast.
And now, lo! Crypto.com, a purveyor of…digital currencies (a topic best left to charlatans and mathematicians), has decided to dabble in regulated event contracts, offering its infrastructure to those desperate enough to use it. Like Hollywood.com, may God have mercy.
Neither Fanatics nor Crypto.com would deign to comment on this speculative nonsense. A deliberate silence, no doubt, designed to heighten the intrigue.
Previously, Fanatics vehemently declared its disinterest in these ‘prediction markets’-too risky, too uncertain, they proclaimed! It seems a change of heart occurred. A most convenient change of heart, wouldn’t you agree? 🧐
A Regulatory Shift: The Heavens Smile Upon Speculation!
The Commodity Futures Trading Commission, that august body of watchful regulators, once frowned upon Polymarket, fining them and driving them into exile. But, lo and behold! Under a new administration, a no-action letter was issued, effectively granting Polymarket permission to return! The tides have turned, it seems. One can only assume the CFTC developed a sudden fondness for gambling.
Even Kalshi, perpetually embroiled in legal squabbles over the nature of their contracts-gambling or derivatives, the eternal question!-has enjoyed some courtroom victories. Such is the capricious nature of the law.
And so, emboldened by this newfound regulatory clarity, others are joining the fray. Polymarket, for instance, has struck deals with the UFC (predicting the outcomes of pugilistic endeavors!) and Yahoo Finance (displaying these odds as if they held some profound significance!). Honestly…
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2025-11-14 11:33