JPMorgan initiates Genius Sports coverage with USD8 target on prediction market potential
By The Weekly Edge desk · · Updated
Summary
JPMorgan Chase began covering Genius Sports with an Overweight rating and a USD8 share price target, Online Poker Report reported. Analysts estimated that agreements with Kalshi and Polymarket could eventually contribute up to USD35m in additional EBITDA.
Why it matters
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.