That's actually one of the best points in here. They didn't make any money or valuation over their funding. Really? You couldn't make a gambling site for less than $400M? Maybe 2500 years of human labor at 150k / yr? Really?

Their sale was a 16% increase on their investment rounds. They soaked up half a billion in investment, and then got almost no return or "value added."

Almost as dumb as that $500 million tomato farm that couldn't grow tomatoes. (had to check, AppHarvest)