As Americans focus their attention on Super Bowl betting this year, they’re expected to wager a record amount of money on Sunday’s game between the Kansas City Chiefs and the Philadelphia Eagles.
With that mind-boggling amount of money likely to be wagered on the Super Bowl, Rishi Khanna, CEO of Stocktwits, a social platform for investors and traders, told MarketWatch that there are plenty of comparisons between sports betting and meme stocks.“I think there’s a huge overlap among the audiences,” Khanna said. “Think about it. A trader and a sports bettor — it’s a game of risk and odds, it’s a game of numbers, it’s a game of math.
Related: Bed Bath & Beyond equity offering ‘one of the most unusual financing situations we have witnessed,’ analyst says Last month, Bed Bath & Beyond announced that it may need to declare bankruptcy, sending the company’s stock sinking toward a 30-year low. That followed a turbulent few years marked by strategic missteps, cash burn, challenging underlying business trends and the impact of the COVID-19 pandemic. Bed Bath & Beyond also recently disclosed that it was in default on loans that were called in.