Market News / Story
Fanatics is becoming a major player in the sports betting sector
Seeking Alpha ·
Seeking Alpha reports: Fanatics ( FANA ) continues to put pressure on U.S. sports betting market share leaders DraftKings and FanDuel . In the latest development, Fanatics ( FANA ) CEO Michael Rubin is reported to be preparing to increase advertising spending sharply. Notably, the sports merchandise and collectibles company said it now holds roughly 10% of the U.S. sports betting market. Separately, industry trackers have Fanatics ( FANA ) ranked fourth on a year-to-date sports betting…