"Should WBD re-enter talks, the move could strengthen the board’s position in the face of anticipated shareholder litigation, which frequently accompanies transactions of this scale and complexity."
Following the situation, Collins remained largely mum on the topic. However, many took to social media to chastise him for his handling of the incident, lambasting his reaction.
"Drawing a hard line against prediction markets while embracing sportsbook partners that provide the same offering during the Super Bowl feels less like principle and more like positioning."
Borrell Associates projects that figure will climb considerably over the next four years as the industry undergoes what it describes as a "great reshuffling."