#1 out of 7
business1d ago
CEO Michael Rubin details Fanatics’ growth while criticism mounts
- Rubin touted Fanatics’ three-arm growth—merchandising, gambling and collectibles—as a driver of revenue and customer reach.
- Rubin projected about $3 billion in NFL-related sales next year, with MLB approaching the same target.
- Collectors revenue, led by Topps, is forecast to reach about $4.5 billion.
- The AELP critiqued Fanatics’ 'near-monopoly' and pricing power in the collectibles space.
- Rubin acknowledged Fanatics’ sportsbook is a distant third, with untapped opportunities in a regulated market.
- Rubin cited potential benefits of prediction markets in regulated states.
- AELP urged scrutiny of Fanatics’ market power amid lawsuits over card pricing and licensing.
- Rubin pushed for a unified regulatory framework with MLB support to simplify oversight.
- Rubin highlighted supply-chain innovation and robotics to meet consumer demand.
- Rubin projected soccer could become the biggest revenue stream globally for Fanatics.
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