A Gambler's Short Squeeze🍊📈

Sports betting is so hot right now. 🥵

DraftKings $DKNG had one of its best earnings reactions ever on Friday, fueled by a blockbuster report.

The company acquired 3.5M new customers, increasing its total customer base by 42% Y/Y to 10.1M. 

That's a lot of gamblers!

DKNG made a gap-n-go after its earnings report: 

As you can see, DraftKings gapped above a shelf of former highs from around this time last year. 

We think Friday's candlestick marked the beginning of a new leg higher for DKNG. 

If the biggest and best stock in the sports betting industry looks this good, imagine what its peers will do.

Genius Sports $GENI is the leading sports data, technology, and broadcast services provider. 

In 2021, they inked a deal with the NFL to distribute live data and statistics exclusively to sportsbooks and media companies.

This deal has been incredibly lucrative.

But that's not it. 

They have deals with sports leagues and media organizations worldwide, including the English Premier League, the NCAA, and ESPN.

In addition to the sweet fundamental tailwinds, the short sellers have painted themselves into a corner.

The stock has 20% short interest and a 13x days-to-cover ratio, which is about as extreme as it gets.

Price is pressing against a key level of interest and flirting with new 52-week highs. The risk is skewed in favor of the bulls.

Here's how we're trading the $2.5B British sports betting stock, GENI 👇