Robinhood considering move into sports betting, CEO Vlad Tenev says [CNBC]
PENN Entertainment, Inc. (PENN)
Last penn entertainment, inc. earnings: 2/6 07:00 am
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Source: CNBC
Shares of Penn Entertainment, Flutter and Draft Kings all moved lower shortly after Tenev made the comments, but the changes were modest. Robinhood CEO Vlad Tenev said Wednesday that brokerage firm is considering expanding into sports betting in some way. “We're keenly looking into that space. Nothing to announce just yet, but it's so important to our customers and in culture that we're excited about it,” Tenev said at Robinhood's inaugural investor day event. Tenev indicated that a move into sports could take the form of event contracts, like the ones the firm launched right before the presidential election . Those markets, which let users buy and sell from each other, are different than traditional sportsbooks where all bets are made against
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PENN
Earnings
- 11/7/24 - Beat
PENN
Sec Filings
- 12/4/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- PENN's page on the SEC website