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14 handpicked stocks

Vice-Adjacent Economy

These carefully selected stocks represent the unsung heroes behind billion-dollar vice industries. Rather than betting on consumer-facing brands, our expert analysts have identified the essential B2B companies that provide critical infrastructure, technology, and services that make these markets possible.

Author avatar

Han Tan | Market Analyst

Published on June 17

Your Basket's Financial Footprint

Summary and investor takeaways for the Vice-Adjacent Economy basket based on provided market capitalisation breakdown.

Key Takeaways for Investors:
  • Large-cap dominance generally implies lower volatility and closer tracking to broad market, favouring stability over speculative swings.
  • Best used as a core portfolio holding rather than a speculative, high-growth allocation.
  • Expect steady, long-term appreciation rather than explosive short-term gains.
Total Market Cap
  • IGT: $3.19B

  • MAPS: $163.51M

  • GAMB: $273.76M

  • Other

About This Group of Stocks

1

Our Expert Thinking

We've applied the classic "picks and shovels" investment strategy to vice industries. Instead of investing directly in casinos or cannabis products, these stocks represent the vital technology providers, equipment suppliers, and service companies that power these resilient markets behind the scenes.

2

What You Need to Know

These companies benefit from vice industry growth while potentially facing fewer direct regulatory hurdles and social pressures than consumer brands. They provide essential infrastructure that remains necessary regardless of which end-product brands dominate their respective markets.

3

Why These Stocks

Our analysts selected these companies because they provide indispensable tools and services for expanding markets like online gambling and regulated cannabis. They stand to benefit from continuing waves of legalization that unlock new regions and revenue streams for these foundational businesses.

Why You'll Want to Watch These Stocks

🏗️

The Backbone, Not The Brand

These companies provide essential infrastructure to vice industries without selling the end products themselves. This strategic position may offer growth potential with potentially less direct regulatory scrutiny.

🌊

Riding The Legalization Wave

As more regions legalize sports betting and cannabis, these B2B suppliers are positioned to expand into each new market. You're investing in the companies that will service every new entrant in these growing industries.

🧰

The "Picks and Shovels" Strategy

Like selling tools to gold miners instead of mining gold yourself, these companies profit by providing essential services to vice industries. This time-tested approach targets the infrastructure of high-growth markets.

Get the full story on this Basket. Read our detailed article on its risks and potential.

Read Full Insight

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