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DBRS Foresees Significant Growth In The Gambling And Betting Sector

by THEFUTURE.TEAM

A recent credit rating agency Morningstar DBRS report predicts substantial growth for the gambling and betting industry in the coming years, driven by the rising penetration of online gaming platforms. Despite differing market dynamics in the US and Europe, the global online gaming market, including sports betting, lotteries, and casino games, is expected to grow at an annual rate of 11% from 2024 to 2028.

US companies face a challenging regulatory environment but are poised for significant growth due to a large customer base and ongoing legalisation efforts. Conversely, European firms benefit from a more established regulatory framework and stable market dynamics, contributing to favourable credit profiles.

The report highlights that the shift towards online gaming, accelerated by the COVID-19 pandemic, has increased user numbers and overall profits. With major events like Euro 2024 and the Paris Olympics on the horizon, betting activity is expected to surge, further boosting revenues for leading gambling companies.

However, DBRS warns that the long-term success of companies in this sector will depend on their ability to navigate market-specific risks and regulatory challenges, as well as their capacity for geographical diversification and brand strength. Despite the promising growth prospects, the US market’s instability presents a significant challenge for investors, while Europe’s mature market offers a more secure environment for business operations.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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