This month the Supreme Court issued a decision striking down a 1992 federal law banning commercials sports betting in 46 states. In one fell swoop, the 6-3 decision swung open the door for individual states to decide for themselves whether to allow sports betting within state boundaries. The decision, which may mean legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year (http://nnw.fm/g6LGx), also has massive impact on sport betting organizations such as SinglePoint, Inc. (OTCQB: SING) (SING Profile), which has been in the daily fantasy sports arena since March 2016. Other companies that stand to benefit from this milestone ruling include Caesars Entertainment Corporation (NASDAQ: CZR), MGM Resorts International (NYSE: MGM), Penn National Gaming Inc. (NASDAQ: PENN) and Boyd Gaming Corporation (NYSE: BYD).
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About SinglePoint, Inc.
SinglePoint, Inc. is a technology company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company’s portfolio includes mobile payments, daily fantasy sports, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. For more information, visit the company’s website at www.SinglePoint.com.
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