Sportradar Hints at Acquisition. Could Endeavor Arm Be a Target?
Sportradar is evaluating potential acquisitions as the sports betting data and analytics market seems destined to consolidate into two competitors. During Tuesday’s…
sports betting
Sportradar Sales Up 29% on American Betting, Raising Outlook
Second quarter earnings for sports data and analytics pioneer Sportradar were up 29%, led by a 59% jump in business in the U.S., the company announced Tuesday morning…
Genius Sports Projects 20% Growth With NFL, EPL Deals Locked Up
Data and analytics provider Genius Sports posted better-than-expected revenue of $95.5 million in the second quarter of 2024, and it told Wall Street it predicts annual…
Sports Stocks Plunge With Market Over Interest Rate Cut Fears
Volatile global markets have pulled in sports stocks Monday as broad concerns about the U.S. job market and what that means for anticipated interest rate cuts sent the…
Pats WR Kayshon Boutte’s Sports Betting Criminal Charges Dropped
New England Patriots wide receiver Kayshon Boutte is no longer an accused sports betting criminal. As reported by ESPN’s Mike Reiss, prosecutors in Louisiana have…
Banned NBA Player Jontay Porter Pleads Guilty in Betting Case
Former NBA player Jontay Porter, who the league banned in April for partaking in a scheme where he bet against himself in games where he feigned injury, pleaded guilty…
MLB Says Umpire Pat Hoberg to Be Disciplined for Gambling
Major League Baseball umpire Pat Hoberg is being disciplined by the sport for a violation of its gambling policies, MLB acknowledged in a statement obtained…
A Bad Week for Pro Leagues’ Modern Embrace of Sports Betting
After a week in which an alleged co-conspirator of a banned NBA player was charged with wire fraud for a betting scheme involving NBA games and Major League Baseball…
MLB Bans Tucupita Marcano for Life for Betting on Baseball
Major League Baseball permanently banned San Diego Padres infielder Tucupita Marcano for gambling on baseball. Four other players—Athletics pitcher Michael Kelly…
ESPN Bet Operator Penn Shares Spike as Investor Rips Sports Strategy
Shares of Penn Entertainment spiked 20% Friday after an activist investor sent a letter to its board of directors ripping management for a failed focus on sports betting…
DraftKings, Flutter Shares Tumble on Illinois Sports Betting Tax Hike
A budget agreement that will nearly triple the tax on some sports bets in Illinois roiled shares of the major sports books operating in the state, sending shares of…
Dumb Luck: NBA Dodges Bullet as Jontay Porter Fouls Out
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Jontay Porter got off easy. As…
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