Wall Street Bets: DraftKings, Genius Sports, Wynn Resorts

Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry. “After last night’s surprising miss and guide-down, DraftKings noted its prediction market strategy is based on internal data and they believe justified even when factoring potential regulatory outcomes. Still, the market is likely assuming no ROI while iGaming spend moves higher in the core, and the macro is a headwind regardless. The market doesn’t like the uncertainty, but we’ll try to get some more clarity at our Boston conference next month.