Avoid Genius Sports Stock: Company Goes All-In on a High-Risk, High-Reward Strategy

As states legalize online-sports betting, more sports-betting businesses aim to go public. Above, Travis Kelce, #87, of the Kansas City Chiefs is tackled by Tremaine Edmunds, #49, of the Buffalo Bills during the AFC Championship game in January. Jamie Squire/Getty Images Text size Nearly 20 states have legalized online sports betting, with more to come.


As states legalize online-sports betting, more sports-betting businesses aim to go public. Above, Travis Kelce, #87, of the Kansas City Chiefs is tackled by Tremaine Edmunds, #49, of the Buffalo Bills during the AFC Championship game in January.


Jamie Squire/Getty Images

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