Readying itself for sports betting, Fanatics receives initial approval toward taking wagers in Maryland Nicholaus Garcia, PlayUSA · June 26, 2022 at 1:26 pm Days after Fanatics CEO Michael Rubin announced he was selling his stake in the Philadelphia 76ers & New Jersey Devils, the company is once again making headlines. This time, the sports merchandise company is discussing acquiring sports betting company Tipico. According to a CNBC article, price appears to be the one thing holding up a potential deal. Regardless, Fanatics seems full steam ahead on its plans to launch its new sports betting brand — BetFanatics… Fanatics has received partial approval from the Maryland Lottery, which inches the company closer to its first sports betting license. The company still requires approval from the Sports Wagering Application Review Commission before taking any bets.