SharpLink Gaming (NASDAQ:SBET) has received a boost from TD Cowen, which initiated coverage of the company with a Buy rating. The analyst firm views SharpLink as a leader in the intersection of sports betting affiliate marketing and institutional crypto treasury management.
The company's unique dual identity is seen as a structural advantage by TD Cowen, which notes that SharpLink operates the PAS.net affiliate network connecting bettors to licensed sportsbooks while running one of the largest corporate Ethereum treasury programs in the world.