Underdog acquires derivatives exchange, clearing house for prediction markets

10th March, 2026

Sunaina Agarwal
CFTC building entrance with emblem on brick wall exterior

The US sports gaming firm has acquired Commodity Futures Trading Commission (CFTC)-registered Aristotle Exchange designated contract market (DCM) and Aristotle Exchange derivatives clearing organisation (DCO).

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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