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Flutter Stock Could Surge to $600 in Four Years, Analyst Predicts
Flutter Entertainment (NYSE: FLUT) saw its stock climb by 1% today, closing at $277.47, following an optimistic forecast by Macquarie analyst Chad Beynon. According to Beynon, the parent company of FanDuel has the potential to more than double its current share price, reaching $600 within four years. In his report, Beynon initiated coverage of Flutter…
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New Zealand to Prohibit Greyhound Racing: A Landmark Decision
New Zealand, one of only five countries where commercial greyhound racing still operates, is set to ban the sport, citing persistent concerns over animal welfare. On Tuesday, the government introduced a bill aimed at preventing unnecessary harm to dogs, with legislation to officially terminate greyhound racing slated for early next year. Gradual Phase-Out The industry…
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Sports Betting: Hamilton’s Farewell, UFC 311, NFL MVP Odds
Hamilton Bids Farewell to Mercedes Lewis Hamilton officially ended his 12-year stint with Mercedes, a partnership that delivered six F1 World Championships and one of the most dominant runs in the sport’s history. The 2024 Abu Dhabi Grand Prix marked his last race with the team, as he prepares to join Ferrari for the 2025…
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UFC 310: Pantoja’s Skillset Could Overwhelm Asakura
Betting activity has been relatively quiet leading up to tomorrow night’s 14-fight UFC 310 event at T-Mobile Arena in Las Vegas, according to sportsbook insiders. “Considering Alexandre Pantoja and Kai Asakura headline the card in the flyweight title bout, it’s not entirely unexpected,” said Mark Collier, a trader with BetVictor. Asakura Attracts Early Bets, But…
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WSOP Winner Cory Zeidman Guilty of $25M Fraud Scheme
Professional poker player and former sports betting tout Cory Zeidman pleaded guilty in federal court in New York on Wednesday to orchestrating a long-running sports handicapping fraud scheme that bilked clients out of millions. Federal prosecutors accused Zeidman, a World Series of Poker bracelet winner, of deceiving customers into paying exorbitant fees for betting advice…
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ESPN Bet, Fanatics Grow Among Key Betting Audiences
While DraftKings and FanDuel dominate the U.S. online sports betting market with a combined market share exceeding 70%, other operators like ESPN Bet and Fanatics are gaining traction among valuable customer segments. ESPN Bet’s Appeal to Younger Bettors According to Morgan Stanley’s latest biannual sports betting survey, ESPN Bet is particularly popular with the 21-34…
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Andrew Yang Urges Stricter Rules on Harmful Sports Betting
Andrew Yang, former Democratic presidential candidate and New York City mayoral hopeful, is raising concerns about the impact of sports betting on American men, advocating for tighter state regulations to curb its harmful effects. In a Newsweek op-ed, Yang shared his personal experience as a bettor, revealing he was lured into wagering by a $250…
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DraftKings CEO Predicts iGaming Growth in 2025
DraftKings (NASDAQ: DKNG) CEO Jason Robins anticipates a more active legislative landscape for online sports betting and iGaming in 2025, following a slow 2024. Speaking at Craig-Hallum’s 4th Annual Online Gaming Conference, Robins expressed optimism about new opportunities for expansion. “We’re really excited about the state legislative front in 2025,” said Robins, attributing 2024’s sluggish…
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Brands Drop Conor McGregor After Court Ruling
Conor McGregor’s legal troubles are now affecting his business relationships. Following a jury verdict in an Irish civil court that found McGregor liable for sexually assaulting a woman in December 2018, two major companies have severed ties with the UFC star. Proximo Spirits, the owner of Proper No. 12 Irish whiskey, and IO Interactive, a…
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Thanksgiving Football Betting Hits $4.5B in Wagers
Thanksgiving and football go hand in hand, offering Americans a double dose of tradition and excitement. While sports betting is a global pastime, U.S. bettors are especially eager to wager on this week’s packed football schedule. According to Macquarie analyst Chad Beynon, U.S. bettors are expected to place $4.5 billion in wagers during Thanksgiving Week…