Oct. 3 at 2:06 AM
$GENI check out Deutsche analyst take on
$GENI in relation to
$DKNG
https://www.legalsportsreport.com/242994/analysts-betting-stock-drops-over-kalshi-parlays-overblown/
Pizella flagged downside risks to DraftKings’ near-term earnings given a tough NFL start and elevated promotional spending, arguing the market reaction creates more of an opportunity for business-to-business suppliers.
He noted B2C operators are unlikely to cut payments to Genius Spots and Sportradar, despite new competition, and could end up ramping promotional spend that ultimately drives more gross revenue and higher variable fees.