New York Governor Andrew Cuomo announced legislation to authorize mobile sports wagering — sending shares of at least two companies higher Wednesday.Sports betting company DraftKings was up nearly 4% at $49.28.
Gan, a supplier of Internet gaming software, surged 12% $22.27.Under Cuomo’s proposal, the New York State Gaming Commission will issue a request for proposals to select and license a sports operator or platform to offer mobile sports wagering in the state.
The operator must have a partnership with an existing licensed commercial casino. The Commission will require safeguards against abuses and addiction.“At a time when New York faces a historic budget deficit due to the COVID-19 pandemic, the current online sports wagering structure
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