Gaming stocks had a stellar week, and the Roundhill Sports Betting & iGaming ETF soared over 7%, bridging its year-to-date (YTD) losses to just about 4%.
While still lagging behind the S&P 500 Index this year, the performance gap has narrowed in recent weeks. DraftKings and Genius Sports emerged as the top performers, contributing to the sector's positive momentum.
The positive market sentiment was further buoyed by the recent developments surrounding the Iran peace deal, driving increased investor confidence in gaming stocks.