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PANDA Interactive Sues Genius Sports & Sportradar for Anti-Competitive Conduct in Sports Betting Market

1. PANDA expands lawsuit against GENI for alleged anti-competitive practices. 2. Lawsuit claims illegal tying of sports data to betting technology.

Lawsuit
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$9.35503/04 03:17 PM EDTLatest Updated
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FAQ

Why Bearish?

The lawsuit indicates potential legal liabilities and operational disruptions, similar to past antitrust cases affecting stock prices.

How important is it?

The expansion of the lawsuit could significantly impact investor sentiment and regulatory scrutiny.

Why Short Term?

Legal proceedings can impact GENI's stock in the immediate future while market uncertainty persists.

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LAS VEGAS--(BUSINESS WIRE)---- $GENI #antitrust--PANDA expands its lawsuit against Genius & Sportradar, alleging they illegally tie sports data access to their own betting tech, blocking competition.

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