Fanatics mulls predictions market entry in partnership with Crypto.com

**Fanatics Explores Entry into Predictions Market in Partnership with Crypto.com**

Fanatics, the sports merchandising and collectibles giant, is reportedly considering entering the predictions market through a potential collaboration with Crypto.com. According to a Financial Times report, the plans for this partnership are still in the early stages and could evolve as discussions continue, based on information from unnamed sources.

### Fanatics’ Shift in Focus

Fanatics is primarily known as a sports-focused retail and technology company, with significant operations in collectibles such as trading cards. The company has attracted over $700 million in funding from leading investors including SoftBank, Silver Lake, Fidelity, and Clearlake Capital. As of December 2022, Fanatics was valued at $31 billion.

Prediction markets have recently emerged as a promising niche in the United States, with sports betting drawing considerable interest from both investors and bettors. Currently, the sector is dominated by a few major players like Kalshi and Polymarket, which have experienced rapid growth and increasing institutional attention.

### New Entrants and Crypto.com’s Role

In the past few months, several new entrants have entered the space aiming to capitalize on the momentum and establish early positions in the sector. Crypto.com, a global cryptocurrency exchange, has recently ventured into offering regulated event contracts. The platform has also provided infrastructure support to consumer-facing platforms such as Underdog and Hollywood.com, helping them launch dedicated prediction markets.

At the time of reporting, neither Fanatics nor Crypto.com had confirmed the development. However, significant regulatory changes have occurred since earlier comments were made this year, influencing the market landscape.

### Regulatory Clarity Spurs Prediction Market Growth

A key factor fueling the boom in prediction markets is evolving regulatory clarity. The Commodity Futures Trading Commission (CFTC), which fined Polymarket in 2022 and effectively pushed it out of the U.S. due to unregistered contracts, has recently shifted its stance under the current administration.

In September, the CFTC issued a no-action letter approving Polymarket’s acquisition of QCX. This move effectively allows Polymarket to resume operations in the United States and signals a regulatory environment now more favorable to federally supervised prediction markets.

Meanwhile, Kalshi, which has faced multiple legal challenges across various U.S. states regarding the classification of its contracts as either gambling or derivatives, has secured several courtroom victories. These rulings have reinforced Kalshi’s federal regulatory standing.

### Big Brands Making Big Bets

With the regulatory environment becoming clearer, major brands are increasingly investing in the predictions market. For example, Polymarket has recently secured high-profile partnerships, including one with the UFC to integrate prediction features into live broadcasts. Additionally, Yahoo Finance now displays Polymarket odds across its platform, broadening reach and engagement.

As the predictions market continues to gain traction, collaborations like that between Fanatics and Crypto.com could play a significant role in shaping the sector’s future.
https://crypto.news/fanatics-mulls-predictions-market-entry-in-partnership-with-crypto-com/

‘TikTok USA’ will be bad for creators, users, and privacy

TikTok had a good run in the United States, but I believe this is about to change—especially given the sale of its operations and a copy of its algorithm to a consortium of investors that includes Oracle, Silver Lake, and a number of others yet to be determined. This consortium is slated to take over TikTok’s U.S. operations, probably sometime early next year.

### Why Did TikTok Have to Be Sold?

TikTok was the first global social media platform to make a significant impact without being controlled by the usual social media giants, all of which had been based and operated in the U.S. That was not necessarily a bad thing, even though rumors persisted about the Chinese government accessing U.S. user data on the platform. These concerns led to a temporary ban of TikTok in the U.S. in January 2025.

But the real question we should ask is: Was it truly about protecting U.S. user data from the Chinese government that forced the sale?

### Narrative Control: The Real Power Struggle

Narrative control is a real and mighty force. Social media is used by over half the planet, and it shapes public opinion, creates or enforces narratives, and can unite or divide audiences worldwide. Because of this incredible power, it is vital that no centralized entity holds unchecked control over it.

Unfortunately, that is not the reality we live in. Social media platforms are notorious for censoring, shadow banning, banning outright, and demonetizing creators for expressing opinions that challenge the narrative of the day—regardless of the platform’s country of origin.

This censorship isn’t limited to fringe or violent content. It affects creators across the entire social and political spectrum. Many creators resort to using substitutes for specific words, knowing that the original terms could trigger punitive actions against their accounts.

Isn’t all this a direct impediment to the First Amendment of the United States? Freedom of speech is a precious and rare right in today’s world, and it must be protected by all means.

### A Dangerous New Government-Controlled Media Entity

Now, let’s turn to the new TikTok deal. At first glance, it seemed like a positive development. Finally, TikTok’s narrative would no longer be potentially controlled by a foreign entity, but rather by U.S.-based owners who would protect user data and prevent government access.

So, what’s the problem?

The problem is that the new “TikTok USA” risks becoming a government-controlled media platform—similar to the old TV networks of the 1950s, but millions of times more powerful.

TikTok has traded one gatekeeper of speech and user privacy for another. This new gatekeeper is heavily invested in the current political and social narratives its users create and consume.

The consortium’s close ties with the U.S. government raise serious concerns. History shows that absolute power tends to corrupt absolutely. The temptation to control daily narratives, silence “troublesome” creators, and abuse user data is simply too great.

If public figures like Jimmy Kimmel can be temporarily taken off the air through government influence, what hope do TikTok creators have if they don’t align with the new consortium’s loyalties?

How will this differ from the content suppression based on political bias we’ve seen exposed in “The Twitter Files” or the content promoted on X under Elon Musk?

### Oracle, Larry Ellison, and the Techno-Surveillance Future

Although we don’t yet know the full details of the “TikTok USA” consortium, we do know that Oracle and its co-founder Larry Ellison will play a vital and vocal role in TikTok’s future and its approach to speech.

Just before the sale, Ellison outlined his vision of a techno-surveillance state designed to keep citizens “on their best behavior,” stating:

> “Citizens will be on their best behavior, because we’re constantly recording and reporting everything that is going on.”

This vision doesn’t sound much different from the Chinese system—the very threat that supposedly forced the sale in the first place.

Now, with a mass consumer app like TikTok in his hands, Ellison has the perfect testing ground to explore these theories. The temptation to exercise full narrative control is likely too strong to resist.

Public opinion matters greatly to those in power. If there is a way to sway opinions to be more “suitable,” why wouldn’t they take it?

It’s akin to a parent handing a three-year-old a gallon of ice cream while saying, “Don’t eat it.”

### Decentralized Media: The Only Media Compatible with Democracy

I believe censorship and bans on TikTok will dramatically increase under this new ownership. It will become a tightly closed echo chamber, with little international or alternative content allowed.

Users’ ability to express themselves in novel and diverse ways will be severely limited. The platform’s bandwidth and user attention will be too precious to waste on anything other than what the new owners approve for the feed.

Creators will self-censor heavily, walking on eggshells to avoid punitive consequences.

This new TikTok will likely deepen divisions in a country that desperately needs unity.

The United States’ greatest strength—the diversity of its people and their opinions—has always been its “cheat code” to becoming the most powerful country in history.

Democracy, by nature, is decentralized. It aims to ensure our individual voices are heard and to foster a healthy, prosperous society.

When we hand over absolute control of one of the most powerful communication platforms to centralized entities, we risk losing our voices entirely.

Protecting freedom of speech and promoting diverse, decentralized media is crucial—not only for TikTok’s future but for the future of democracy itself.
https://bitcoinethereumnews.com/tech/tiktok-usa-will-be-bad-for-creators-users-and-privacy/