To accelerate its planned entry into the prediction market field, Betr, the daily fantasy site co-owned by influencer Jake Paul, has acquired Ascent Capital Management Inc.
With this acquisition, Betr now has the necessary registration with the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) to operate in the prediction markets sector. This strategic move allows Betr to offer prediction markets platforms to its users, expanding its services beyond daily fantasy sports.
