Ari Borod joins Polymarket after legal fight with Fanatics over noncompete

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Aron Borod, also referred to as Ari, is now formally at Polymarket, and the once-sealed courtroom combat over his departure from Fanatics is coming into sharper focus.

On Thursday (February 19), Polymarket confirmed it had introduced Borod on board as president of its sports activities enterprise improvement division, locking in a rent that had already sparked a authorized showdown. In a statement on LinkedIn, Borod acknowledged: “As Polymarket continues to broaden its world footprint, the mandate is evident: construct partnerships that assist carry prediction markets to the middle of how followers expertise the sport. Scaling this class the correct method is simply as necessary as scaling it rapidly.

“Excited to associate with Shayne Coplan and the crew to assist drive the subsequent section of development.”

Screenshot of a LinkedIn post from Ari Borod announcing he has joined Polymarket as President of Sports Business Development, describing plans to expand global partnerships and grow prediction markets, with visible engagement metrics and comments. — Ari Borod declares new function at Polymarket on LinkedIn. Credit score: LinkedIn / Ari Borod

Fanatics had rushed to courtroom earlier this yr, making an attempt to cease the transfer. The corporate argued that Borod’s employment contract prevented him from taking a job with what it thought-about a rival.

Borod first joined Fanatics in July 2021, stepping in as chief business officer for its on-line betting division, FBG Enterprises Opco LLC. Over time, he rose to chief enterprise officer. In that place, he dealt with enterprise improvement whereas additionally overseeing authorized, regulatory and authorities affairs as Fanatics pushed deeper into sports activities wagering and adjoining markets.

By December 2025, Borod informed Fanatics he meant to go away for a senior function at Polymarket. In courtroom papers, he stated he supplied to assist ease the transition and promised to adjust to the restrictive covenants in his contract. Fanatics answered with a lawsuit in Florida state courtroom, asking a decide for each momentary and preliminary injunctions to maintain him from beginning the brand new job.

In his opposition filing, Borod described the lawsuit as “this meritless motion” introduced “to punish Defendant Aron Borod … for doing what he had each proper to do: depart his employment … for a senior function at non-party Blockratize, Inc. d/b/a Polymarket.” He additionally claimed the corporate warned that, if he refused to alter course, “your complete weight of Fanatics can be introduced towards him.”

How the dispute between Borod and Fanatics unfolded in courtroom over his transfer to Polymarket

Fanatics maintained that Borod had been uncovered to confidential info related to its prediction-markets effort, often called FMX. Letting him stroll into a brand new function at Polymarket, the corporate argued, created actual aggressive hazard. Borod pushed again, insisting that the contract he signed “merely has no such provision” establishing the sweeping post-employment non-compete Fanatics was asserting.

The case accelerated rapidly, following an evidentiary listening to in late January, the decide instructed each side to draft proposed findings of reality and conclusions of legislation. Earlier than any ruling arrived, nevertheless, the standoff resulted in a negotiated decision.

On February 1, 2026, the 2 sides “executed a binding time period sheet (‘Binding Time period Sheet’) resolving their dispute,” based on a joint submitting submitted the next day and seen by ReadWrite. The identical submitting defined that they’d work towards a proper settlement settlement and that, as soon as finalized, Fanatics would transfer to dismiss the case with prejudice.

Among the filings had initially been positioned underneath seal. Now that the matter has been settled and Borod is firmly in place at Polymarket, these paperwork are being unsealed. They lay out, intimately, how both sides framed the battle over non-compete language, commerce secrets and techniques and the boundaries of Fanatics’ creating prediction-markets ambitions.

Featured picture: Ari Borod through LinkedIn / Fanatics / Polymarket

The publish Ari Borod joins Polymarket after legal fight with Fanatics over noncompete appeared first on ReadWrite.

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