July 27 (Reuters) - Fanatics, a global sports platform, will acquire a designated contract market and a ‌derivatives clearing organization from brokerage BGC Group to ‌launch its own prediction market exchange, the companies said on Monday. Here ​are more details from the announcement:• Fanatics will buy Commodity Futures Trading Commission-registered contract market Water Street Labs, LLC and CX Clearinghouse L.P. from BGC. • Fanatics Markets, launched in 2025 as the prediction ⁠markets subsidiary of Fanatics, allows users to trade on sports outcomes such as game winners, player milestones and ​tournament champions. The deal will also help Fanatics to expand its prediction market offerings. • Prediction market startups such as Kalshi have clashed with state regulators over gambling laws concerning sports contracts.