Flutter brands Paddy Power and Betfair have been fined £2 million after a UK Gambling Commission investigation https://t.co/I25yeGd3K3 ...

That's the closing bell on Wall Street and now it's market domination overtime. We're giving you full coverage of all the moves to get you up to speed on the action from today's trade and now finances Jared Blickley joins us now with the latest market action. Jared, >> thank you Josh.Uh the majors, not a whole lot going on today. And I'm going to show you that price action. But we do have a record high to talk about in a minute.Not going to be in the Dow here. That was down 7/10 of one uh excuse me, seven b ...

Summary of Genius Sports Investor Day Conference Call Company Overview - **Company**: Genius Sports - **Industry**: Sports technology and data analytics, focusing on digital transformation in sports Key Points and Arguments 1. **Digital Transformation of Sports**: Genius Sports is positioned at the center of the ongoing digital transformation in sports, which is characterized by data-driven fan behavior and the convergence of betting, media, advertising, content, and commerce [3][4][6] 2. **Genius IQ Platform**: The company emphasizes the importance of its technology platform, Genius IQ, which serves as the operating system for modern sports, capturing real-time data and enhancing fan engagement [4][8][10] 3. **Market Position**: Genius Sports has renewed major league partnerships and expanded its media business, which has nearly tripled in size over the last four years. The technology is deployed in over 300 venues worldwide, with plans for hundreds more [6][7][35] 4. **Revenue Pathways**: The company aims to own revenue pathways in betting, media, advertising, and data, allowing it to extract value without needing to own the sports fan directly [6][7] 5. **Financial Outlook**: The company projects a revenue of $1.2 billion and an adjusted EBITDA of $365 million by 2028, with a 30% margin and 60% free cash flow conversion [9][10] Additional Important Insights 1. **Fan Engagement Strategy**: Genius Sports focuses on creating immediate, intelligent, and immersive fan experiences that are consistent across the entire fan journey, avoiding fragmented solutions [12][14][15] 2. **Technological Innovations**: The company utilizes advanced technologies such as AI, machine learning, and computer vision to enhance data collection and analysis, which is critical for modern sports [17][18][19] 3. **Applications and Experiences**: Genius Sports has developed various applications, including Genius Perform for performance analytics, Genius Bet for interactive betting experiences, and Genius Engage for enhanced media integration [23][28][29] 4. **Partnership with NFL**: The relationship with the NFL is highlighted as a key strategic partnership, focusing on enhancing fan engagement and exploring international growth opportunities [37][76] 5. **Integrity and Regulation**: The importance of maintaining integrity in sports betting and the role of regulation in creating a trusted ecosystem is emphasized [49][52] Conclusion - Genius Sports is strategically positioned to capitalize on the digital transformation of sports through its innovative technology platform, strong partnerships, and focus on enhancing fan engagement and monetization opportunities. The company is optimistic about its growth trajectory and the potential for new revenue streams in the evolving sports landscape [10][81]

Budget Overview - The UK government is preparing for one of its most scrutinized budget announcements, with Chancellor Rachel Reeves aiming to raise approximately £30 billion ($39 billion) to address public finance deficits and restore fiscal credibility [1] - There have been multiple policy reversals and a political crisis leading up to the budget announcement, raising concerns among businesses about potential tax increases [1][3] Impact on Specific Industries Banking Sector - The UK banking sector is expected to achieve around £8 billion in pre-tax profits for the fiscal year 2026-27, making it a target for potential tax increases [5] - Analysts suggest that increased taxes could provide banks with a justification to limit lending to the broader economy, which may negatively impact consumer borrowing and spending [6] Real Estate Sector - The real estate sector is viewed as a barometer of economic health, requiring strong economic conditions and consistent policies to perform well [7] - Key focus areas include commercial real estate companies involved in office spaces and retail, as well as self-storage companies that have been adversely affected by previous tax increases [7][12] Housing Construction - The housing sector may not benefit from the budget, as the government needs to raise funds and wealthier homeowners may be seen as soft targets for taxation [12] - Companies such as Vistry, Bellway, and Barratt are expected to be closely monitored, with Berkeley Group identified as particularly vulnerable to tax increases due to its exposure to London and overseas buyers [12] Retail and Hospitality - Retailers and hospitality companies may face higher labor costs and other tax increases, which could suppress consumer confidence and spending [13] - Any direct tax measures are likely to negatively impact stock prices across consumer-facing industries, with restaurants being particularly affected by rising labor costs [13] Gambling Industry - The gambling sector is under scrutiny regarding taxation methods, with potential adjustments to betting, online casinos, and gaming machine tax rates [14] - Companies such as Entain and Flutter are highlighted as key players that may be impacted by potential tax increases [14] Outsourcing Services - Changes in government spending could affect public sector outsourcing, with companies like Capita and Serco being involved [16] - Analysts expect that the government is more likely to increase taxes rather than cut spending to raise funds [16] Wealth Management - The budget may include proposals to reform personal savings accounts, which have faced opposition from major investment platforms [16] - If changes are implemented, companies like St. James's Place and Hargreaves Lansdown may see increased activity [16]

Before we get started with the lighting round, listen up. Black Friday came early. This is a special deal to join the CBC INVESTING CLUB RIGHT NOW.YOU'LL GET MY top market calls and every move inside the travel trust. Scan the QR code or head to cmbc. com/ Kramer Club.AND NOW IT IS time for the light round by step my step and then the lighting round is over. Are you ready ski daddy. Time for the light but still go to Ryan Ohio.Ryan >> booyah Jimbo. >> Booyah. >> What do you think about rocket companies.RKT. ...

What about the predictions markets. Very hot right now. Fast growing.Do you think that there's a risk that they they cannibalize force betting. >> Yeah. So, so first um >> and also are you going to get in.>> I'll give this to you first right here. Let's go. I'm giving it to you right now.We got to make sure we're launching the next couple weeks. >> Launching a fanatics prediction markets. Absolutely.>> Is this with crypto. com as rumored. >> Uh it is. it it is with Crypto.com and we're super excited about l ...

What about the predictions markets. Very hot right now. Fast growing.Do you think that there's a risk that they they cannibalize sports betting. >> Yeah. So, so first um I'll give >> and also are you gonna get in. >> I'll give this to you first right here.Let's go. I'm giving it to you right now. We got to make we're launching the next couple weeks.>> Launching a >> fanatics prediction markets. Absolutely. >> Is this with crypto.com as rumored. >> Uh it is. it it is with Crypto.com and we're super excited a ...

Joining me now to discuss is Chad Banan who's the senior gaming, lodging, and theaters analyst at Mcquaryy. Uh this was expected because we knew they had partnered with CME Group. But the announcement that they're launching in December and have said we're all in on sports betting where we're not already operating legal sports book is maybe somewhat of a surprise because there's been some reticence.State uh regulators have said in Nevada for instance, if you do this, we're not going to give you a gaming lice ...

Core Insights - The announcement of launching sports betting in December by Flutter and DraftKings indicates a strong commitment to the market, despite previous hesitations from regulators in states like Nevada [1][3]. Industry Overview - The gaming and sports betting industry is facing challenges, with Flutter and DraftKings experiencing a decline of over 30% since their highs in August [2]. - Predictions in the market are viewed as a potential existential threat by traditional land-based companies like Caesars and MGM, leading to withdrawals from states like Nevada [3]. Company Strategies - Flutter aims to secure a top three position in the sports betting market and is looking to influence policymakers to legalize sports betting in states where it is currently not permitted, which accounts for about 40% of the U.S. [5]. - The company is also focusing on engaging with tribal entities to facilitate discussions on sports betting in California, which could have significant implications for the market [5]. Market Dynamics - The current market environment has seen favorable outcomes for fans, with the house losing in NFL betting this fall, but prediction markets are dominating the conversation [6]. - Despite the sell-off, the overall estimates for the next year have only shifted by about 5%, indicating stability in the market [7]. Future Outlook - The hold rate for sportsbooks is expected to improve, and upcoming events like the World Cup could provide additional opportunities for growth [8]. - Wage growth in sports leagues such as the NFL and NBA remains strong, which could positively impact betting activities [8].

Group 1 - Flutter, the parent company of FanDuel, announced a partnership with CME Group to launch a new prediction markets platform called FanDuel Predicts, set to launch in December [1] - Prediction markets allow bettors to place wagers on the outcomes of various events, indicating a growing trend in the betting industry [1] Group 2 - DraftKings is entering the prediction markets space, indicating competition in this emerging sector [4] - Robinhood reported a doubling of revenue and more than tripled earnings, showing significant growth in the financial services sector [4]