FanLabel also submits comment to the CFTC outlining a responsible framework for music-oriented prediction markets

SCCG Management, a global leader in iGaming advisory, business development, and strategic growth with more than 33 years of experience in the gaming industry, today congratulates its partner and portfolio company FanLabel on the official launch of FanLabel SongPicks, a paid-entry, skill-based music contest app that lets fans use their music knowledge to compete for cash prizes.

SCCG Management is a shareholder in FanLabel and has supported the company’s growth as a strategic partner across business development, market positioning, and industry relationships. The launch of FanLabel SongPicks represents the latest milestone in FanLabel’s expanding music gamification and prediction market entertainment ecosystem, and further validates SCCG’s investment thesis that interactive, data-driven fan engagement represents a significant commercial opportunity across entertainment verticals.

A New Way for Music Fans to Compete

FanLabel SongPicks builds on the company’s FanLabel Classic app, which lets music fans compete in free fantasy-sports-style music challenges. With SongPicks, players put their music knowledge to the test by ranking songs, predicting streaming trends, and competing on leaderboards for real cash prizes. The app currently features two contest modes: Ranker, where fans rank songs from most to least streamed, and Best of Five, where players pick the top-performing song from a group.

FanLabel’s products are powered by real-world music data and backed by direct licensing agreements from major and independent record label groups and rights holders. The company has partnered with Luminate as its official stream and chart-data source and Tuned Global as its metadata infrastructure provider, ensuring contests are built around objective data rather than subjective fan voting.

FanLabel also works with Approvely, another SCCG partner company, to support KYC (Know Your Customer) and identity-verification functions, alongside Plaid for banking services. The Approvely integration reflects SCCG’s broader strategy of connecting its partner ecosystem to create end-to-end solutions for emerging entertainment and gaming verticals.

“Our team is very proud to have FanLabel SongPicks officially out in the world,” said Jeff Sloan, Founder and CEO of FanLabel. “We believe that the SongPicks experience will provide music enthusiasts with a new way to engage in their love of music while at the same time benefiting the industry by driving music discovery, consumption, and an entirely new way to generate monetization.”

FanLabel’s CFTC Engagement Signals Regulatory Leadership

FanLabel recently submitted comments to the Commodity Futures Trading Commission (CFTC) outlining its position that music-related event contracts can create new opportunities for fan engagement, price discovery, and future risk-management tools for rights holders when tied to objective data and designed with appropriate safeguards. The filing was one of the few music-focused submissions in a docket dominated by sports, gaming, crypto, and regulatory comments.

In its comments, FanLabel drew a distinction between music contracts tied to objective, third-party metrics such as streams and chart rankings, and more speculative contracts with outcomes that may be influenced by a small group of insiders. The company argued that responsible music prediction markets should be developed in coordination with rights holders, data vendors, and regulated exchanges.

FanLabel holds five issued U.S. patents, with additional applications pending, covering music gamification and the use of music-based contract formats in prediction markets. Several label groups hold an ownership interest in this intellectual property through their equity in FanLabel.

SCCG’s Strategic View

Stephen Crystal, Founder and CEO of SCCG Management, commented: “FanLabel represents exactly the kind of company we look for in our portfolio: a team that combines deep domain expertise, defensible intellectual property, and a responsible approach to regulation with a genuine understanding of fan behavior. The music prediction market space is at a pivotal moment, and FanLabel’s CFTC engagement, combined with the SongPicks launch, positions them as a category leader. As a shareholder and strategic partner, SCCG is proud to support FanLabel’s growth and to help connect their platform with the broader gaming, entertainment, and prediction market ecosystem.”