20 Takeover Rumors Hedge Funds Are Buying

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17. Rush Street Interactive, Inc. (NYSE:RSI)

No. of Hedge Funds: 36

Headquartered in Illinois, Rush Street Interactive, Inc. (NYSE:RSI) is a leading online casino and sports betting company in the US and Latin America. BetRivers and PlaySugarHouse constitute their flagship brands. The company offers real-money gaming, social gaming, and sports wagering through these brands. Rush Street Interactive, Inc. (NYSE:RSI) sets itself apart from its competitors by focusing on early market entry, proprietary technology, and local partnership growth. The company has a notable foothold in regulated markets and aims to improve user experience through responsible gaming activities in the digital betting space.

​As of April 2025, Rush Street Interactive, Inc. (NYSE:RSI) has been the subject of ongoing acquisition rumors. In a report by Bloomberg in March 2024, the company supposedly has approached multiple potential buyers, including DraftKings, exploring the sales options. Their internet casino offerings and presence in emerging markets like Latin America have made the company an attractive acquisition target for companies aiming to expand their gaming footprint. Despite going through various discussions, no definitive agreement has been announced by the company till now. Rush Street Interactive, Inc. (NYSE:RSI) and its rumored buyers have not commented on the specifics of any negotiations.

We have noted 36 hedge funds holding stakes in Rush Street Interactive, Inc. (NYSE:RSI) at the end of Q4 2024. It reflects a moderate institutional belief in the stock and its takeover rumors.

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