Betr announced it has acquired Ascent Capital Management, securing National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) registration as the company accelerates the launch of prediction markets within its gaming super app.
Through the acquisition, Betr becomes a CFTC-registered introducing broker, enabling the company to expand further into regulated prediction markets. The deal is expected to help Betr accelerate plans to launch prediction markets powered by Polymarket directly within the Betr super app.
Later this year, Betr plans to offer event contracts across sports, politics, culture, and additional categories to its more than one million nationwide paying users. The products will be integrated alongside Picks, Sportsbook, Casino, and Arcade offerings through a single wallet and app experience.
Ascent Capital Management has been registered as an introducing broker since 2011 and provides compliance infrastructure intended to support Betr’s expansion into prediction markets while maintaining regulatory compliance and user protection standards.
Founded in 2022 by Joey Levy and Jake Paul, Betr has positioned itself as a real-money gaming super app. The company launched Betr Picks in September 2023, which is now available in 34 states. In September 2025, the company launched Betr Social Sportsbook and Betr Arcade. Betr Social Sportsbook is currently live in 36 states, while Betr Arcade operates in 38 states. Betr Social Casino launched in March 2026 in 35 states. The company says it now has one million paying users nationwide.
Betr also plans to launch prediction markets in 2026 and says it has become the most followed sports gaming company on social media through content created by Betr Media, its in-house media division.
KEY QUOTE:
“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. 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. Our users will soon be able to engage with Picks, Sportsbook, Casino, Arcade, and Predictions all within a single integrated ecosystem.”
Joey Levy, Founder and CEO of Betr
