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MarketBeat
MarketBeat
Business
Chris Markoch

JPMorgan Bets on Genius Sports as the Market Loses Patience

Genius GENI Genius Sports JPMorgan JPM Kalshi Polymarket United States NFL Legend

Data from Grand View Research cites that the global sports betting market is projected to grow from $123.4 billion in 2026 to $236 billion by 2033. That's a compound annual growth rate of 9.7%. That would seem to be bullish for a company like Genius Sports (NYSE: GENI).

The London-based company is a "picks-and-shovels" play for the sports betting world. It provides what the market needs the most: raw data.

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