Latest news with #GeniusSports
San Francisco Chronicle
20-05-2025
- Sport
- San Francisco Chronicle
NCAA and Genius Sports extension seeks to protect college athletes from negative prop bets
The NCAA and Genius Sports announced a multi-year expansion of their partnership earlier this year, making Genius the exclusive distributor of official NCAA data to licensed sportsbooks through 2032. There is a caveat to the agreement, NCAA President Charlie Baker said Tuesday. 'For them to continue to access our data moving forward, there can't be any sportsbook betting on negative props,' Baker said. 'So all the stuff that literally translates into a lot of the worst behavior that's directed at young people and student-athletes generally under this agreement is going to be off the table.' College athletes have long been subject to online abuse. In a 2024 study, analysts verified over 5,000 posts towards athletes containing abusive content. Of the abusive posts, the study found 80% were directed at March Madness athletes, with female basketball players receiving about three times more abusive messages than men's players. More than 740 instances, or 12% of the abuse, pertained to sports betting. Baker has heard similar feedback from athletes, but the abuse goes beyond social media. Athletes are pressured to fulfill prop bets, including missing a free throw or muffing a catch. 'Student-athletes don't like the idea of being approached to begin with around that kind of issue," Baker said xxxx. 'They especially don't like being nudged into something that's not in the best interest of themselves or their teams, and more importantly, they all make clear to me they felt enormous social pressure to quote, help a guy out.' Most of that pressure comes via social media, but athletes could face some of that in person. An NCAA-conducted survey showed over half of 18- to 22-year-olds were recent sports bettors. Age restrictions didn't play a factor. Betting rates at ages 18, 19 and 20 were the same as ages 21 and 22, meaning college campuses are full of sports bettors, Baker explained. The contract negotiation with Genius is one step the NCAA has taken to reduce prop bets and minimize abuse. Other efforts have included tracking and publishing online abuse data and pushing state gaming authorities to peel back rules around college prop bets. Still, it's a work in progress. 'At this point, slightly more than half the states that have legalized sports betting do not permit prop betting on college sports, but that still leaves enormous numbers of student-athletes subject to the kind of abuse that comes with this stuff. And I think it will remain, for all intents and purposes, a significant challenge going forward,' Baker said. ___
Washington Post
20-05-2025
- Business
- Washington Post
NCAA and Genius Sports extension seeks to protect college athletes from negative prop bets
The NCAA and Genius Sports announced a multi-year expansion of their partnership earlier this year, making Genius the exclusive distributor of official NCAA data to licensed sportsbooks through 2032. There is a caveat to the agreement, NCAA President Charlie Baker said Tuesday. 'For them to continue to access our data moving forward, there can't be any sportsbook betting on negative props,' Baker said. 'So all the stuff that literally translates into a lot of the worst behavior that's directed at young people and student-athletes generally under this agreement is going to be off the table.'
The Independent
20-05-2025
- Sport
- The Independent
NCAA and Genius Sports extension seeks to protect college athletes from negative prop bets
The NCAA and Genius Sports announced a multi-year expansion of their partnership earlier this year, making Genius the exclusive distributor of official NCAA data to licensed sportsbooks through 2032. There is a caveat to the agreement, NCAA President Charlie Baker said Tuesday. 'For them to continue to access our data moving forward, there can't be any sportsbook betting on negative props,' Baker said. 'So all the stuff that literally translates into a lot of the worst behavior that's directed at young people and student-athletes generally under this agreement is going to be off the table.' College athletes have long been subject to online abuse. In a 2024 study, analysts verified over 5,000 posts towards athletes containing abusive content. Of the abusive posts, the study found 80% were directed at March Madness athletes, with female basketball players receiving about three times more abusive messages than men's players. More than 740 instances, or 12% of the abuse, pertained to sports betting. Baker has heard similar feedback from athletes, but the abuse goes beyond social media. Athletes are pressured to fulfill prop bets, including missing a free throw or muffing a catch. 'Student-athletes don't like the idea of being approached to begin with around that kind of issue," Baker said xxxx. 'They especially don't like being nudged into something that's not in the best interest of themselves or their teams, and more importantly, they all make clear to me they felt enormous social pressure to quote, help a guy out.' Most of that pressure comes via social media, but athletes could face some of that in person. An NCAA-conducted survey showed over half of 18- to 22-year-olds were recent sports bettors. Age restrictions didn't play a factor. Betting rates at ages 18, 19 and 20 were the same as ages 21 and 22, meaning college campuses are full of sports bettors, Baker explained. The contract negotiation with Genius is one step the NCAA has taken to reduce prop bets and minimize abuse. Other efforts have included tracking and publishing online abuse data and pushing state gaming authorities to peel back rules around college prop bets. Still, it's a work in progress. 'At this point, slightly more than half the states that have legalized sports betting do not permit prop betting on college sports, but that still leaves enormous numbers of student-athletes subject to the kind of abuse that comes with this stuff. And I think it will remain, for all intents and purposes, a significant challenge going forward,' Baker said. ___ ___
Associated Press
20-05-2025
- Sport
- Associated Press
NCAA and Genius Sports extension seeks to protect college athletes from negative prop bets
The NCAA and Genius Sports announced a multi-year expansion of their partnership earlier this year, making Genius the exclusive distributor of official NCAA data to licensed sportsbooks through 2032. There is a caveat to the agreement, NCAA President Charlie Baker said Tuesday. 'For them to continue to access our data moving forward, there can't be any sportsbook betting on negative props,' Baker said. 'So all the stuff that literally translates into a lot of the worst behavior that's directed at young people and student-athletes generally under this agreement is going to be off the table.' College athletes have long been subject to online abuse. In a 2024 study, analysts verified over 5,000 posts towards athletes containing abusive content. Of the abusive posts, the study found 80% were directed at March Madness athletes, with female basketball players receiving about three times more abusive messages than men's players. More than 740 instances, or 12% of the abuse, pertained to sports betting. Baker has heard similar feedback from athletes, but the abuse goes beyond social media. Athletes are pressured to fulfill prop bets, including missing a free throw or muffing a catch. 'Student-athletes don't like the idea of being approached to begin with around that kind of issue,' Baker said xxxx. 'They especially don't like being nudged into something that's not in the best interest of themselves or their teams, and more importantly, they all make clear to me they felt enormous social pressure to quote, help a guy out.' Most of that pressure comes via social media, but athletes could face some of that in person. An NCAA-conducted survey showed over half of 18- to 22-year-olds were recent sports bettors. Age restrictions didn't play a factor. Betting rates at ages 18, 19 and 20 were the same as ages 21 and 22, meaning college campuses are full of sports bettors, Baker explained. The contract negotiation with Genius is one step the NCAA has taken to reduce prop bets and minimize abuse. Other efforts have included tracking and publishing online abuse data and pushing state gaming authorities to peel back rules around college prop bets. Still, it's a work in progress. 'At this point, slightly more than half the states that have legalized sports betting do not permit prop betting on college sports, but that still leaves enormous numbers of student-athletes subject to the kind of abuse that comes with this stuff. And I think it will remain, for all intents and purposes, a significant challenge going forward,' Baker said. ___ AP Sports Writer Eric Olson contributed to this report. ___ AP college sports:
Yahoo
08-05-2025
- Business
- Yahoo
We Think Genius Sports (NYSE:GENI) Can Easily Afford To Drive Business Growth
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So, the natural question for Genius Sports (NYSE:GENI) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let's start with an examination of the business' cash, relative to its cash burn. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at March 2025, Genius Sports had cash of US$210m and such minimal debt that we can ignore it for the purposes of this analysis. In the last year, its cash burn was US$2.8m. That means it had a cash runway of very many years as of March 2025. Depicted below, you can see how its cash holdings have changed over time. View our latest analysis for Genius Sports Genius Sports managed to reduce its cash burn by 91% over the last twelve months, which is extremely promising, when it comes to considering its need for cash. And revenue is up 23% in that same period; also a good sign. It seems to be growing nicely. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at how much the company is expected to grow in the next few years. There's no doubt Genius Sports seems to be in a fairly good position, when it comes to managing its cash burn, but even if it's only hypothetical, it's always worth asking how easily it could raise more money to fund growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn. Since it has a market capitalisation of US$2.5b, Genius Sports' US$2.8m in cash burn equates to about 0.1% of its market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply. As you can probably tell by now, we're not too worried about Genius Sports' cash burn. In particular, we think its cash burn reduction stands out as evidence that the company is well on top of its spending. Its revenue growth wasn't quite as good, but was still rather encouraging! After considering a range of factors in this article, we're pretty relaxed about its cash burn, since the company seems to be in a good position to continue to fund its growth. We think it's very important to consider the cash burn for loss making companies, but other considerations such as the amount the CEO is paid can also enhance your understanding of the business. You can click here to see what Genius Sports' CEO gets paid each year. If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
