DraftKings is one of the most likely contenders to launch an app once online sports betting goes live in 2022. Retail sports betting came to New York in 2019, and now mobile sports betting is expected by the 2022 Super Bowl after former Gov. Andrew Cuomo signed it into law in April 2021. The state is expected to award licenses to sportsbooks in January 2022.

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With Governor J.B. Pritzker’s signature, the new law also provided for betting on-location at venues such as Wrigley Field. Operators and certain data providers are required to obtain a license under the new law. On July 1, 2019, the Oaklawn Racing Casino Resort booked the first legal sports bets in Arkansas.

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If neighboring states legalize online sports betting and your home state does not, you can just cross the state line and make your bets. Online sports betting is legal in 12 states, and six more have passed legislation that have not yet implemented the infrastructure to support betting. Over the next few years, we will see the majority of states legalize online sports gambling.

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“A lot of companies catering to short-term investors who wanted profits now invested more in stock buybacks and dividends over innovation,” she said. Ark’s big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an interview with Bloomberg Radio in August. She raved about Tesla’s plans to build a humanoid robot, for example.

ETF Managers Group LLC also has an ETF targeting the video game industry, the GAMR ETF focuses on gaming technology. Its portfolio of companies includes GameStop, Codemasters, Corsair and Nintendo. The Global X Video Games & Esports ETF, or HERO ETF, focuses on companies which gain at least half their revenue from video game or esports activities, it has a slightly larger focus on mobile games. Its portfolio includes Nintendo, NVIDIA, as well as Activision Blizzard, Electronic Arts, and Take-Two Interactive. An ETF’s “basket” can include shares from multiple companies across many industries. Many though, will focus on stocks from several companies within one industry.

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We unlock the value of your users through legal sports betting and deep customer engagement. Soros Fund Management held put options on PowerShares QQQ Trust, SPDR S&P 500 ETF, iShares Russell 2000 ETF as of June 30. Each is an exchange-traded fund that tracks a broad US stock market index.

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Penn’s stake, which will be increased to about 50% in three years, gives Penn the “potential to gain significant share in online betting” due to Barstool’s “differentiated customer acquisition strategy,” McTernan said. Yes, her fund’s returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&P 500. Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street. HKEX said in 2019 that it planned to launch index futures tied to an MSCI A share index, but only secured approval this August from Hong Kong’s markets regulator.