By The Weekly Edge desk ·
Sportradar agreed a $170m sale, European Gaming reported in its gambling stocks review for 5–9 October. Six of the nine stocks tracked gained during the week, while Citi upgraded Flutter.
Investors saw six of nine tracked stocks gain during a week featuring Sportradar’s sale agreement and Citi’s Flutter upgrade.
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Sportradar retains exclusive worldwide betting data and audiovisual distribution for more than 650 Euroleague Basketball games annually through 2031.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The expansion gives Polymarket access to data, live streaming and integrity services across a broader range of sports competitions.
The poll gives investors divided expectations for DraftKings and Flutter, including adaptation, displacement and consolidation with prediction markets.
Dart’s DraftKings investment adds to his gambling holdings alongside an almost 30% stake in FanDuel owner Flutter.
The forecast and sports share indicate the scale of a growing market in which established US bookmakers are seeking a larger presence.