Deals & M&A1 min read
Sportradar reported a 24% increase in revenue to €362.5m for the third quarter of 2026.
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JPMorgan Chase began covering Genius Sports with an Overweight rating and a USD8 share price target. Analysts estimated that agreements with Kalshi and Polymarket could eventually contribute up to USD35m in additional EBITDA.
JPMorgan Chase has begun covering Genius Sports with an Overweight rating and a $8 share price target, according to a report. The analysts said the sports data supplier could gain additional earnings from its agreements with prediction market operators Kalshi and Polymarket.
Reportedly, Sportradar has extended its Euroleague Basketball data and audiovisual betting rights agreement through 2031. The renewal starts with the 2026-27 season and covers exclusive worldwide distribution for more than 650 games annually. Sportradar will also continue bet monitoring and integrity education services.
EvenBet Gaming has changed its name to Evenbeter. The supplier said the change reflects developments across its technology, products and operations, while poker remains central to the business. It was reported that recent B2B licences in Sweden and Denmark support its plans for regulated markets.
Reportedly, Sportradar has expanded its US prediction market agreement with Polymarket to cover more than 20 sports leagues and competitions. The agreement provides sports data, live streaming and integrity services across competitions accounting for approximately 300,000 matches annually.
Sportradar and Flutter both cut guidance in the week of 3 to 7 August, a period that saw declines across European gambling stocks. Rank's shares continued to recover over the same week, the outlet reported.