Underdog Acquires Exchange Licenses to Expand Prediction Markets
Underdog, a company that began as a fantasy sports platform, announced Monday that it has acquired the designated contract market (DCM) and derivatives clearing organization (DCO) units of Aristotle Exchange. The move gives the sports gaming operator regulatory infrastructure needed to operate its own prediction market exchange under oversight from the U.S. Commodity Futures Trading Commission (CFTC). Financial terms of the acquisition were not disclosed. Aristotle will continue to operate the PredictIt platform, a prediction market focused primarily on political […] The post Underdog Acquires Exchange Licenses to Expand Prediction Markets appeared first on World Casino News.
Underdog, a company that began as a fantasy sports platform, announced Monday that it has acquired the designated contract market (DCM) and derivatives clearing organization (DCO) units of Aristotle Exchange. The move gives the sports gaming operator regulatory infrastructure needed to operate its own prediction market exchange under oversight from the U.S. Commodity Futures Trading Commission (CFTC). Financial terms of the acquisition were not disclosed. Aristotle will continue to operate the PredictIt platform, a prediction market focused primarily on political […]
The post Underdog Acquires Exchange Licenses to Expand Prediction Markets appeared first on World Casino News.
