Recent stock weakness may be linked to prediction markets, but there’s more to the story Analyst sees Genius’ NFL relationship as “advantageous” in rising prediction markets scenario Shares of Genius Sports (NYSE: GENI) are off 4.26% over the past month, and while that decline isn’t as steep as those experienced by sportsbook clients, it’s a sign investors reacted to soaring prediction markets volume. At least one analyst sees opportunity for Genius in the event contracts space. A slide from a Genius Sports investor presentation. An analyst says the company could benefit from the rise of prediction markets. (Image: Genius Sports) In a new report to clients, B. Riley analyst Josh Nichols says there’s room for data providers like Genius to benefit from the rise of prediction markets, particularly when factoring in the popularity of those exchanges in California and Texas – states where sports betting isn’t legal. Those are the two largest states by population, and their total addressable market…Read MoreCategory: Financial, Sports Betting, Technology, sports betting, technologySource: Casino.org