Polymarket announced the hiring of former Fanatics executive Ari Borod on Thursday. Behind the scenes, Fanatics sued to stop the prediction-market platform from poaching Borod, although the two sides eventually agreed to settle. While Borod has now been announced as Polymarkets president of sports business development, unsealed documents from the suit obtained by Front Office Sports reveal new information about Fanaticss apparent plans to purchase an exchange and a claim that Fanatics founder Michael Rubin and betting CEO Matt King are personally invested in Kalshi.
Fanatics Sues to Block Former Executive from Joining Polymarket
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