Benzinga | Sep 3, 2021 09:01AM EDT

FuboTV Shares Gain On Sports Betting Deal Wins

* FuboTV Inc's (NYSE:FUBO) Fubo Gaming won the Arizona Department of Gaming's license to offer mobile event betting.

* The sports streaming company recently gained online sports betting approval in Iowa.

* The accomplishments mark a significant score for the company, aiming to launch its sports betting-focused mobile sportsbook, Fubo Sportsbook, in Q4 of 2021.

* Facebook Inc (NASDAQ:FB) is also attempting to enter the hot market.

* Price Action: FUBO shares traded higher by 2.96% at $30.61 in the premarket session on the last check Friday.