![genius sports genius sports](https://igamingbrazil.com/wp-content/uploads/2019/07/Fiba-e-Genius-Sports-anunciam-renovação-de-parceria-histórica.jpg)
The sports betting market is expected to grow at a compound annual growth rate of 31% in the U.S. Growth: Revenue is expected to grow at a compound annual growth rate of 29% for Genius Sports. The company is now rumored to be considering an IPO or SPAC deal. Sportradar was valued at $2.8 billion in 2018 and its valuation is said to have risen since that funding round. Along with Sportradar, Genius Sports is one of only two full-service providers of this scale in the sports data market. Genius Sports is a sports data company with a very ambitious, yet very simple, goal: Become the mission-critical data and technology backbone of the global sports betting market. Related Link: DMYD Shares Surge On Merger Talks With UK Based Genius SportsĬompetition: Genius Sports is the number one sports data rights owner with a market share of 40%. Customers for Genius Sports include DraftKings Inc (NASDAQ: DKNG), FanDuel, William Hill, Skybet, Bet365, BetFair, Paddy Power, Bet America, Twinspires, Caesars and BetMGM. The big shareholder groups in Genius Sports Limited have power over the company.Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as. Genius Sports has deals in place with the NBA, NCAA, FIBA, FIFA, EPL, PGA and NASCAR.
![genius sports genius sports](https://s27.q4cdn.com/552951210/files/design/GENIUS_SPORTS_VERTICAL_WHITE_RGB.png)
The company is on pace to provide data for 240,000 events a year, which includes being the official provider for 170,000 events. Shareholders of DMYD will own 17% of the new company that will trade as GENI on the NYSE.Ībout Genius Sports: Genius Sports acquires data from sports events and then supplies it to partners, which include many of the largest sports betting companies.