Business
Should you be concerned about the PointsBet (ASX:PBH) share price?
The PointsBet Holdings Ltd (ASX: PBH) share price is facing heavy selling pressure today. At the time of writing, shares in the company are down 9.32% to $12.26.
We take a closer look at what might be driving down the PointsBet share price today.
Why is the PointsBet share price being sold off?
A research note from Deutsche Bank said online sports betting legalisation in New York was “hanging by a thread”. On the issue, Deutsche Bank also stated that:
Comments from NY politicians, as reported by affiliate media, appear far more pessimistic than those of several weeks ago around the prospects of NY legalising online sports betting…
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