Sports betting stocks are playing a dangerous game

Sports betting companies have a bigger addiction than its customers — one that could get investors in trouble. Behind the deceptive record Super Bowl numbers… Online sports betting stocks have recently fallen hard — despite launching in new states and total wagering reaching new highs: GeoComply saw 80M sports betting transactions over the Super Bowl…

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FuboTV gambles its future on interactive sports betting app

September is known for many things — back to school, the stock market’s worst month, plus being TV streaming providers’ strongest month. Streaming service sales spike during September — along with the start of the NFL season — with one platform capturing the majority of that growth… Sports slowly move towards streaming Founded in 2015,…

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Smaller sports betting stocks benefits from latest acquisitions

DraftKings (NASDAQ:DKNG) made an offer to acquire Entain, a European sports betting giant, for $20B. But investors don’t seem excited about the news — sending DKNG down 7.5%. What’s the big deal? Not another month goes by without announcements or rumors of a sports betting acquisition. Last month, it was Penn National Gaming buying Toronto-based…

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Sports betting companies have an acquisition addiction

Sports betting companies are getting bought up left and right — and there may be more coming. Yesterday, DraftKings announced plans to acquire sports betting player, Golden Nugget Online (NASDAQ:GNOG) for $1.6b — sending GNOG up 50%. What’s the big deal? Sports betting companies are in an acquisitive mode, as they look to take market…

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Sports betting stocks: Canadian single-sports betting approaches legalization

June 22 was Canadian single-sports betting’s final major step towards legalization — passing the Senate — and legalization could come as early as this summer. Canadian sports betting company, Score Media and Gaming (NASDAQ:SCR), jumped 10% on the news. What’s the big deal? In Canada, it’s estimated that $14b each year is spent on offshore…

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DraftKings stock falls on Hindenburg Research’s short report

On June 15, Hindenburg Research released a report accusing DraftKings of ties to the black market — sending its stock down as much as 12% before recovering most of its losses. What’s the big deal? DraftKings is the poster child of sports betting — and a top 20 holding of Cathie Wood’s ARK Innovation ETF….

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