Aron Borod, also referred to as Ari, is now formally at Polymarket, and the once-sealed court docket battle 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 growth division, locking in a rent that had already sparked a authorized showdown. In a assertion on LinkedIn, Borod said: “As Polymarket continues to develop its international footprint, the mandate is obvious: construct partnerships that assist convey prediction markets to the middle of how followers expertise the sport. Scaling this class the appropriate manner is simply as necessary as scaling it rapidly.
“Excited to companion with Shayne Coplan and the staff to assist drive the subsequent section of development.”
Fanatics had rushed to court docket earlier this 12 months, 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 growth whereas additionally overseeing authorized, regulatory and authorities affairs as Fanatics pushed deeper into sports activities wagering and adjoining markets.
By December 2025, Borod advised Fanatics he meant to depart for a senior position at Polymarket. In court docket papers, he stated he provided to assist ease the transition and promised to adjust to the restrictive covenants in his contract. Fanatics answered with a lawsuit in Florida state court docket, asking a choose for each momentary and preliminary injunctions to maintain him from beginning the brand new job.
In his opposition submitting, Borod described the lawsuit as “this meritless motion” introduced “to punish Defendant Aron Borod … for doing what he had each proper to do: go away his employment … for a senior position at non-party Blockratize, Inc. d/b/a Polymarket.” He additionally claimed the corporate warned that, if he refused to vary course, “the whole weight of Fanatics could be introduced towards him.”
How the dispute between Borod and Fanatics unfolded in court docket over his transfer to Polymarket
Fanatics maintained that Borod had been uncovered to confidential data linked to its prediction-markets effort, referred to as FMX. Letting him stroll into a brand new position 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 choose instructed each side to draft proposed findings of truth and conclusions of legislation. Earlier than any ruling arrived, nonetheless, the standoff led to a negotiated decision.
On February 1, 2026, the 2 sides “executed a binding time period sheet (‘Binding Time period Sheet’) resolving their dispute,” in keeping with 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 beneath 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 either side framed the battle over non-compete language, commerce secrets and techniques and the boundaries of Fanatics’ growing prediction-markets ambitions.
Featured picture: Ari Borod through LinkedIn / Fanatics / Polymarket
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