SPACs Circling U.S. Online Gambling Market

  • Rush Street Interactive pursuing $1.8bn SPAC merger to fund online growth
  • Former industry executives leading SPACs targeting U.S. online market
  • Genius Sports reportedly going public in $1.5bn SPAC deal

Rush Street Interactive and Genius Sports are set to follow DraftKings in going public via a special purpose acquisition company (SPAC), with further SPACs on the hunt for gaming acquisitions.

After Rush Street Interactive (RSI) decided it needed to raise capital to fund its growth, executives concluded that entering the public markets via a SPAC would be a quicker and more certain process than a traditional initial public offering (IPO).

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