Genius Sports
2 March close: $6.37
31 March close: $4.43
Peak March close: $6.47
Very few M&A deals in this industry have received such a negative reaction among investors as Genius Sports’ eyebrow-raising acquisition of affiliate Legend, announced in February. Despite CEO and co-founder Mark Locke subsequently penning an open letter to shareholders espousing the merits of the deal to try to reverse the plunge in Genius Sports’ share price, it seems to have done little to shore up the stock. The sports data supplier was down 31% over the course of March and has lost almost half its value since the acquisition was first unveiled. Incredibly, Genius Sports’ current market cap of approximately $1.1bn has sunk below the $1.2bn (including earnouts) the company is paying for the affiliate behind sites such as Covers.com and Casino.org. If the selloff continues, it could be a repeat of Genus Sports’ 2022 nadir when its shares traded at less than $2.50 at one point.
Evoke
2 March close: 28p
31 March close: 35p
Peak March close: 37p
Rumours and media speculation regarding the future of evoke, the London-listed owner of William Hill, 888 and Mr Green, triggered a rally in March, with its shares climbing 22% over the course of the month. Bally’s has been linked with purchasing the digital business, while Betfred is thought to be pondering a move for the retail estate, all while bosses continue with their internal strategic review that could result in evoke being sold for parts or someone acquiring the whole business. On 31 March, evoke announced to the market that Ironshield Capital Management, an investment firm that targets distressed assets, had built a 6.07% stake in the business. While a market cap of around $150m seems a bargain at face value, especially given the strength of the brands in its portfolio, the over exposure to the UK market and enormous debt pile of around £1.8bn accrued through the £1.95bn acquisition of William Hill’s non-US assets in 2022 makes this a difficult deal for most to stomach.
Rush Street Interactive
2 March close: $19.95
31 March close: $21.75
Peak March close: $22.16
It’s unlikely many – if any – industry observers predicted a year ago that in 12 months’ time Rush Street Interactive (RSI) would eclipse the share price of DraftKings ($21.62), at the time of writing) but that’s exactly what happened in late March. The Chicago-based operator behind BetRivers, PlaySugarHouse and RushBet in Latam was up more than 6% during the month and continues to tick along nicely after almost doubling its market cap since March 2025. As a casino-first operator – North America revenue is around 85% casino versus 15% sports betting – RSI isn’t impacted to nearly the same extent as certain sports-led rivals to the prediction markets boom. Indeed, Wells Fargo recently set a price target of $26, with analyst Zachary Silverberg putting RSI’s igaming market share in North America at a “stable ~8%”, which he said was driven by its “slot product, differentiated bonusing and community”.
Flutter Entertainment
2 March close: $106
31 March close: $101.95
Peak March close: $114
March was another alarming month for those investors who have opted to ‘HODL’ Flutter, as the stock crashed below the psychological $100 threshold in New York towards the end of the month. It means the market cap of the dual-listed company behind brands including FanDuel, Paddy Power and Sisal has slumped to around $17.4bn, as of 1 April. Around Christmas time, the group’s valuation was more than double – around $39bn – and it was above $50bn a little over six months ago. Much of the selloff is due to the perceived threat posed by nationwide prediction markets in the US. In fact, Kalshi’s latest $1bn raise reported by The Wall Street Journal in March has apparently swelled the New York-based startup’s valuation to whopping $22bn. As well as eclipsing Flutter’s market cap, that valuation is more than double the $10.4bn Nasdaq-listed DraftKings is currently worth.
Gambling.com Group
2 March close: $4.38
31 March close: $3.88
Peak March close: $4.39
Gambling.com Group shares hit an all-time low of $3.70 at the tail end of March, as the US affiliate sector continues to endure a difficult period, especially with new state launches few and far between. The stock was down 13% in March, yet it has slumped 28% so far in 2026 and by almost 70% since this time last year. Long-term investors will be hoping a leadership reshuffle will kickstart a change of fortune for the owner of sites like Casinos.com and Bookies.com. Co-founder Charles Gillespie stepped away from the role of CEO last month, though he is to remain with the Dublin-based company in the capacity of executive chair, while co-founder and COO Kevin McCrystle will take up the reins following the AGM in May.
The post Stocks Tracker: Mixed fortunes for public companies during an eventful March first appeared on EGR Intel.
EGR analyses the share price movements of major industry players over the course of the previous month, including Genius Sports, Rush Street Interactive and Flutter Entertainment
The post Stocks Tracker: Mixed fortunes for public companies during an eventful March first appeared on EGR Intel.