Name: Fanatics Enters Prediction Markets, Partnering with Crypto.com
Uploaded: 2025-11-21T17:54:08-05:00
Duration: 1 s
Description: Fanatics partners with Crypto.com, launching prediction markets to rival FanDuel and DraftKings. Sam McQuillan joins the show from Legal Sports Report.

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Fanatics partners with Crypto.com, launching prediction markets to rival FanDuel and DraftKings. Sam McQuillan joins the show from Legal Sports Report.

sports betting,sports betting updates,news,updates,recap,Fanatics,Crypto,Crypto.com,Michael Rubin,Prediction Markets,Thursday Night Football,Legal Sports Report,Betting News,Bills,Texans

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Fanatics Enters Prediction Markets, Partnering with Crypto.com

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But as we always do, we start off the show with some sports betting news and notes, and this one, not a big surprise as Fanatics who operates a sports book have decided to also dive into the same market that FanDuel and DraftKings and seemingly everybody else's as well. Prediction markets are coming to Fanatics. CEO Michael Rubin made the announcement yesterday and said it will launch in the next couple of weeks courtesy of. Crypto.com. So that will be the partnership that they have with crypto.com, the, uh, of course, uh, website and app that you can purchase cryptocurrency with Ruben said, I think that winners will be in the sports books if you look at what Flutter and FanDuel and DraftKings and Fanatics are, we have strategic advantages from the enormous customer base that we have and all of the experience, essentially saying that crypto.com can now dip. Into the Fanatics database in order to capture different sports bets who of course can't bet in certain states so naturally they can use the prediction markets to circumvent that and get around that as well. But meanwhile the state of Maryland is saying not so fast if you're gonna operate prediction markets, you're gonna have to go. The Maryland Lottery and Gaming Control Commission, they're joining forces war warning licensees in the state where sports betting is legal. That offering prediction markets in the US could have negative repercussions for their state license, which basically means that some of the operators could lose their sports betting license if they operate in the prediction market space. FanDuel, DraftKings, and others not being named, but that's what that means in the state of Maryland. So if some of these states choose to pull the licensing, what will these operators do? Will they still operate prediction markets? Or will they stop and keep their sports betting license? I don't know, it remains to be seen. 2026 will be a big year for that. In the National Football League last night, the Houston Texans sacked Josh Allen. 8 times, 8 times in the game last night, and they picked him off twice. 3 turnovers for the Bills in 3 straight games. Houston stays alive in the NFL playoff chase as they pick up a very big victory, 23 to 19. The Bills had the ball late in the game, tried to score Josh Allen through an interception, although they did convert a pretty wild 4th and 27. On that same drive. So the Bills take a step back, Houston takes a step forward. D'Amico Ryan's got the best defense in the NFL and says doesn't have to say much, just lets them do their thing. With our defense, I don't have to say much to the guys, just keep doing what you've been doing. That's the, that's the beauty of, you know, the guys we have, the leaders that we have with Aziz, Will, Daniel, uh, those, they know, they know the moment, they understand the moment and they're ready for those moments, and they went out and they proved. You know, why they're ready for those moments. Everybody was, was calm, everybody played together, everybody was exactly where they're supposed to be, and I'm, I'm just proud of the guys, I mean, Miles came in, did a great job. Jalen Reed, first time he saw a lot of action forwards. I thought his, his first game plan a lot. I thought he stepped up and, and played big fours as well. So I think they're definitely the best defense in the NFL. Um, I mean, after personal experience of going against them in the past couple of years, um. Those guys come to play every single day. They work as hard as they can every day when they're in the building, out on the practice field, and I mean, I think the way they work and the mentality that they have, and just the swarm mentality that shows up on game day, uh, week in and week out, and I mean. It makes it fun to be on the same team as those guys. Hard to argue with Davis Mills, who now is undefeated as a starter with the Houston Texans, who had that one. Meanwhile, seething Buffalo Bills head coach Sean McDermott, not on the team's effort, but the execution, they could get nothing done. Um. Things you can't do against a good football team and a good defense overall, um. You know, let's just start field position wise, we beat ourselves from a field position standpoint, some costly penalties. The, uh, the turnovers, 3 turnovers. Um, you know, just look at it overall and we weren't playing enough complimentary football, and we had to start a chance to win at the end of the game, but, uh, plenty of things we need to work on. So I'll have to watch it on film. Um, it's like they were doing. Few few different stunts, um, you know, they, they had a good plan. And uh we gotta, we gotta play better. Did they show you something different than what was on film? Not necessarily, they just got they. They wanted it today, you know, and, um. Yeah, I mean, we had a chance to win it there at the end and got to find a way. Meanwhile, Thanksgiving was supposed to be the return of Joe Burrow at quarterback for the Cincinnati Bengals. That could be actually this coming week. He was a full participant in practice for the 2nd day in a row, Joe Flacco was taking 2nd team reps and so after practice yesterday, wide receiver T Higgins was asked, Does he think Burrow is ready to go now? Uh, Joe's been looking good. I mean, he looked good last week when he was practicing, you know, um, you know, uh, you know, I'm, I'm happy for him. You know what I mean, uh, just to get his feedback wet and you know it's been good. You'd be surprised, or are you expecting him to, to play something? I wouldn't be surprised. No, I don't know. I asked him yesterday and he just looked at me like this, and, but, uh, yeah, I don't know. So I guess, I guess only he knows the way he's practicing. Does he look like a guy that could play on Sunday? Sure, yeah, he's practicing like he was week one, so. What did he gave you, I guess I don't know. I guess it could go, but I assume good. Well, if he looked good, throwing the past couple of days, that's and Joe's been looking outstanding, man. He's, I mean, he's slinging it deep, short routes, everything's been, been pretty good, so. And T Higgins wide receiver one with Jamar Chase suspended this week. Meanwhile, get ready for a showdown. Dallas Cowboys, Philadelphia Eagles usually when these two teams play, it tends to be a lot of fun, even more fun this week. Looks like Jaylen Carter back for Philly going up against Dak Prescott. Prescott, not all that, uh, ready for the matchup sounds like. Jalen Carter is gonna be around for this game. What kind of impact do they he has for that defense. A huge impact, um, obviously it starts right there with him in the middle. Um, he's the, the main reason why they don't feel like they have to blits that they get pressured with just 4 guys, uh, hell of a player, um, we're fortunate in the first game to obviously not go against him, um, but I know he'll be ready to go and fired up for this one, so excited for it. I'm gonna say to Jaylen Carter, if anything, when you see him for the first time since we won. Depends on what he says first, but uh probably some friendly. Get on his good side there. Oh no, we're not worried about that. We, we hear where we at right now and at the end of the day, so that's all we worried about. I'm not even thinking about it. Meanwhile, in the National Basketball Association last night, Victor Wimbayama hasn't played for the Spurs, and it hasn't seemed to matter. They won their third straight game without him, 135 to 126 over the Atlanta Hawks. The Aaron Fox had 26 points and 9 assists. Ms. Johnson is the head coach of the Spurs and said everybody else is contributing. Yeah, there's a couple points in the game tonight where You know, not, not, uh, singling a couple of guys out, but a lot of people had it, but him, uh, Devin, Jeremy, where they put themselves in the game defensively and they gave themselves to the game defensively and rebounding without the basketball and then next thing you know, the basketball finds you and it's been, you know, till till the longest time, excuse me, and, um, it's just really rewarding when that happens for people when they, when they go about the business the right way. Orlando Magic meanwhile, keep the ball rolling 129 to 101. The Clippers have had a tough year. Jalen Suggs, uh, 23.7 assists. Clippers 4 and 11 on the season. How about the game for Tyrese Maxey last night? 54 points. What a start he has had to his campaign. 123 to 114 Philly beats Milwaukee and also the Grizzlies send the Kings to their eighth straight loss, 1. 372 96. Also quick news in the National Football League just reported about 30 minutes ago. Surprising no Jackson Dart again for the New York Giants this week, so it is the Jameis Winston show against the Detroit Lions on Sunday. Back to Newswire here on Sports Grid. Always great to wrap up our week of sports wagering information and news with Sam McQuillan of Legal Sports Report. You can catch Sam. On the website, on social media as well, writing about all the different things that are happening, it's been a year as we get ready to close out 2025 all about prediction markets, so no surprise that continues today here on the show and, uh, Sam, in, in looking for some new clarity, uh, the other day we seemingly did not get any. The new CFTC chairman essentially, uh, passing the buck a little bit, saying that hey we're gonna let. Uh, uh, you know, the courts handle things and, you know, certainly I, I don't know which way this is going to go, but the longer that everybody just keeps pushing these stories to the side, it seems like prediction markets are here to stay. Yeah, I would agree with you, Craig, that's the top line takeaway. The more uncertainty we have around the fate of prediction markets, who will decide them mainly, uh, the longer they ramp up their investment, their legitimacy through deals with the NHL, with X, with the New York Stock Exchange, so they have more time to gain mind share uh in the general public's eyes as well, we certainly see ads. Everywhere and these companies are getting more and more investments by the day but kind of the big news this week is that Michael Selig, who is the chief counsel of the SEC crypto task force, he's Trump's nominee to lead the CFTC, which is largely devoid of leadership right now. They only have one of 5, acting chair seats filled, and one of those chair seats is actually, uh, on the way out in about a month. Well, so his timing comes with the Senate confirmation hearing, uh, later this week in front of the full Senate, um, where everyone's kind of pressing him for what are you going to do about prediction markets. It's a new space that, uh, courts have largely said this is actually up for the CFTC to decide. You've had in several states like Nevada and New Jersey, um, where state gaming regulators sued to stop these prediction markets calling. The illegal gambling, the courts have said, you know, it's actually up for the CFTC to decide whether these are actually financial instruments and legal, uh, markets you can offer or if this is just flouting state law. And so senators pressed Michael Selig about this, what would you do on it? And he largely said, oh, that's actually not up for the CFTC to decide that's up for the courts to decide. Um, one senator, Adam Schiff, even asked him very basic questions if. You know, I'm betting on the Bills Texans Monday night football game last night on one of these apps, is that sports gaming, uh, Selig declined and said, you know, I'd have to look to previous court decisions, and I don't think I can make that decision. He then even asked him, uh, if you and I are just betting on the game, is that sports betting or is that a financial instrument? Again, Selig declined to answer and deferred it to the courts, which all points to the growing. Kind of sentiment around what people believe is gonna end up happening with this stuff which is that the Supreme Court will likely decide the fate of it. Now again, as you mentioned, it just, it's gonna take more time. The Supreme Court moves very slowly and it takes a long time for, you know, cases to get to them and you don't even know if they would even take the case at that point. Um, we could be talking about someone else as president during that. Time the Trump administration has been very friendly to prediction markets. They certainly have a lot of ties to them, been very friendly to crypto as well. Um, they lifted a Biden administration ban on polymarkets. So by the time this all gets sorted out, you might have a completely different landscape of who the regulator is supposed to be, and I agree with your takeaway, Craig. The more all the uncertainty just kind of continues, the more these prediction markets are gonna gain steam. Yeah, and, and as evidence of that of our next topic here is apps are being downloaded and it's very clear who the winner is here based on this year and based on football season, the winner, Sam to me is Calci plus 23% up 1.47 million downloads, and I'm sure that these other sites, Sam, are, are recognizing this we see this new partnership. That Fanatics announced earlier today, uh, and they would like to get probably more downloads through crypto.com, but, uh, we're seeing a lot more steam here for the prediction markets and in places like California and in Texas. I'm sure if we geographically looked at it, why not get involved in some of these things that appear to be very similar to sports betting. Yeah, very notable. Calci now 5th in app downloads when you include them in the entire sports gambling space, uh, moving ahead of uh Bet365, BTMGM and Caesars who for a long time have been thought about kind of the people behind DraftKings and FanDuel. Now it's Calci, which is even more impressive considering the fact that uh prediction market app downloads are actually down almost 20% year over year from last year. Because last year is when they really started to explode first with the presidential election where that was the first time we really heard about these apps exploding. So the fact that prediction market downloads are actually down almost 20% overall, yet Calci is up 23% really just goes to show you, uh, it, it's not relying on election betting anymore and just how, how much it skyrocketed in this last year while you have. Other apps like DraftKings Down and FanDuel and virtually every other sports betting app down. Those apps are down, uh, downloads are about, uh, 10% year over year. Now, there is a little bit of an outlier because last year you had the Jake Paul and Mike Tyson fight, which was responsible for the most sports betting download apps of any single event of the year outside of the Super Bowl. So that's a tough comp from last year. But again, prediction markets dealing with. tough comp of the presidential election last year and they just continue to surge, continue to get downloaded through these new partnerships you mentioned, uh, the one that Fanatics has just agreed to with Crypto.com. Calci and Polymarket both have partnerships with X now Polymarket also partnering with Truth Social, the president's social media platform, uh, and also both partnering with the NHL as well, and that'll be another really interesting thing. Monitor whether these apps make more partnerships with leagues because largely, uh, the MLB, the NBA, other leagues which are facing their own integrity issues, uh, have warned the CFTC that, hey, these prediction markets don't have the guardrails and, you know, overall structure that kind of is meant to safeguard everything that sports books have. So it'll be really interesting to see maybe if one of those leagues changes their mind when. You know, the, the downloads for these apps are just getting too high and the popularity is just getting too big, but definitely something we're gonna keep watching is whether C she can even, you know, surge past prize picks and underdog, which right now are behind DraftKings and FanDuel, um, I would expect that the downloads to only keep going up until eventually, you know, maybe the Supreme Court decides in a few years. Finally, let's uh wrap up with another prediction market company, Polymarket. The CEO making some comments this week that is not gonna sit very well with some of the sports books, but at least for the time being, anything that you say, uh, Sam, right now if it's getting attention on shows like this, it's probably worth mentioning. Yeah, you're definitely right, Craig. Uh, it's always gonna make headlines when a CEO of one of these big companies, by the way, which is now valued at about $15 billion after an investment from the New York Stock Exchange, uh, he came out this week and called sports books scams, saying that they are not customer friendly, uh, attacking them for limiting bets, which obviously we know happens a lot on sports books, but only for a small percentage of people who are actually really good at sports betting and can make money, uh, most of their customers, I, I think about 98%. are losing. So, uh, it doesn't apply to the retail consumers that these sports books typically go after as an entertainment option, but he touted prediction markets as a more transparent, uh, way to do sports betting where, you know, uh, you're not playing against the house, you're playing against other players and, um, they have less of a built-in edge. It comes at a funny time because the parlays that Calci just launched are now under new scrutiny after a Sportico report revealed that those are actually very. Tilted against uh the players themselves because of their own mechanism where it's harder for users to access different options that market makers, uh, who work for the app can actually make. So that's under a new spotlight as well. And it also comes at a time when FanDuel and DraftKings, the very companies he's calling scams, are about to launch their own prediction markets within the next month. So we'll really see if in fact the product that Polymarket is offering is superior to these other companies, which he's called scam. and are now just gonna launch their own prediction markets, uh, I would imagine they will be very happy and very hopeful to kind of combat, um, you know, what Shane Copeland is saying with their own better superior product. I know FanDuel has made it a point that they want to have the leading prediction market, uh, offering by next April, which will come in, you know, very, very short amount of time. They haven't even launched yet. So, um, yeah, he's making headlines with these statements for sure, but whether they hold water is kind of another question entirely. Sam, great stuff as always. Thanks for coming on Newswire. We'll catch up again next week. Thanks, you too, Craig.