Your arguments are as tough as a wet paper bag. First you...

Your arguments are as tough as a wet paper bag. First you claimed PBH is a shocking business because it is loss making. We have established now you are cool with loss making companies as long as they are not at the mercy of regulators. I assume EM1 will never have any competition either because that is another deal breaker for you. Every company has risks and in the business PBH are in they need to spend a lot of money before they make money. Legal sports betting wasn’t even a business in the states because of regulators so we are all well aware of that. The fact that state regulators know people gamble on sports illegally anyway and each state can decide if they want to legalise it means they are now opening up one by one and will benefit through tax revenue. The odds definitely appear on the side of regulators getting on board with this which they are already doing. If you don’t believe this to be the case then it’s your money pal, don’t invest. You’re only hurting yourself and your financial future.