Betr Acquires Ascent Capital Management Ahead of Polymarket Launch

(AsiaGameHub) –   Betr has purchased Ascent Capital Management as it prepares to enter the prediction markets through its partnership with Polymarket.

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Key Facts

• Ascent Capital Management holds registrations with the NFA and CFTC.
• Betr intends to add Polymarket event contracts to its single-wallet app in 2026.
• This deal allows Betr to avoid an extended wait for its own NFA approval.

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Betr Leverages Broker Acquisition To Speed Up Entry Into Prediction Markets

Betr had already applied for NFA membership in October 2025, but seven months later, the operator opted for a faster path. By acquiring Ascent Capital Management, Betr gains access to an introducing broker already registered with the National Futures Association and the Commodity Futures Trading Commission.

This status matters because prediction market platforms operate under CFTC oversight, enabling event contract exchanges to reach all 50 states. For Betr, the deal creates a way to bypass the state-by-state limitations that shape online sports betting and casino launches.

The company did not disclose the acquisition cost. However, Ascent Capital Management provides Betr with a pre-built regulatory setup as it works toward a 2026 launch tied to Polymarket.

Betr first announced its multi-year partnership with Polymarket in March. The plan is to offer sports, politics, culture, and other event contracts through the Betr single-wallet super app, which already includes Picks, Sportsbook, Casino, and Arcade products.

Joey Levy, co-founder and CEO of Betr, stated:

“Prediction markets represent one of the most exciting evolutions in interactive entertainment and financial technology,”

“Since starting Betr, we have built our business entirely around serving the modern sports fan at scale. This acquisition is another step toward our vision of creating the first true nationwide real-money gaming app.”

Betr said the launch will occur later in 2026, though no exact date was provided. The company also noted that the product will be powered by Polymarket and targeted at its base of over one million paying users.

Levy added:

“By securing IB registration through the acquisition of an established broker, we can now focus entirely on launching a seamless, compliant prediction markets experience powered by Polymarket,”

The acquisition also illustrates how operators are striving to move quicker as prediction markets become more competitive. Instead of waiting for a new approval process, Betr now has a registered broker structure that can support its next product line.

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