According to Stock Market Nerd on X, a gambling company ran social ads quoting headlines that sports betting in California is now legal, implying the product operates as sports betting in California, source: Stock Market Nerd on X; linked post by Ben W Freeman on X. The author characterizes the tactic as exploiting a legal loophole and equates the offering to gambling, source: Stock Market Nerd on X. For traders, the post flags headline and regulatory risk for U.S. online gambling names pursuing California access via legal workarounds, source: Stock Market Nerd on X.