Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.
hero section gradient
14 handpicked stocks

Vice Arbitrage

Get exposure to companies leading the transformation of once-prohibited activities into booming legal industries. These carefully selected stocks represent market leaders capitalizing on shifting regulations in sports betting, cannabis, and more, unlocking tremendous growth potential.

Author avatar

Han Tan | Market Analyst

Published on June 17

Your Basket's Financial Footprint

Summary of the Vice Arbitrage basket market capitalisation and investor takeaways.

Key Takeaways for Investors:
  • Large-cap dominance tends to mean lower volatility and broader market‑like performance, implying relatively lower risk.
  • Use this basket as a core portfolio holding rather than as a speculative, high-growth allocation.
  • Expect steady, long‑term appreciation rather than rapid, short‑term gains; returns are unlikely to be explosive.
Total Market Cap
  • DKNG: $16.69B

  • TLRY: $1.66B

  • MO: $107.09B

  • Other

About This Group of Stocks

1

Our Expert Thinking

This collection represents a powerful investment opportunity in the legalization wave sweeping across previously prohibited industries. As social attitudes shift and regulations evolve, companies in sports betting, online gaming, and cannabis are positioned to capture enormous pent-up demand and convert gray market activities into legitimate, high-growth businesses.

2

What You Need to Know

These stocks offer exposure to a significant cultural and legal paradigm shift. Consider this a high-growth satellite holding for your portfolio. The primary catalyst is ongoing state-by-state legalization, continuously expanding the total addressable market for these companies and creating new revenue opportunities.

3

Why These Stocks

We've selected market leaders and disruptive innovators that are actively shaping newly regulated consumer activities. Our curation identifies companies with established positions to capture market share as legal frameworks evolve and social acceptance grows, giving you exposure to the most promising players in this transformative space.

Why You'll Want to Watch These Stocks

🔓

Legalization Unlocks Billions

Each new state or country that legalizes these activities instantly creates massive new markets. These companies are positioned at the starting line of a race with enormous prize money.

📈

Gray to Green Transformation

Activities moving from prohibition to regulation tap into enormous existing demand. These companies aren't creating new markets—they're converting black market spending into legitimate, taxable, and investable business.

🌐

The Next Wave Is Coming

The legalization trend is still in early stages. As more regions open up, these first-mover companies with established brands and infrastructure stand to benefit from each new expansion.

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

Read Full Insight

Why Invest with Nemo Money?

Nemo Logo Fade
🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

Discover More Opportunities

Cybersecurity Investment Surge After Breach Explained

Cybersecurity Investment Surge After Breach Explained

The U.S. Treasury has cancelled its contracts with Booz Allen Hamilton following a major data breach, signaling a new era of accountability for government contractors. This move is expected to drive significant investment into specialized cybersecurity and data protection firms as agencies seek to secure their sensitive information.

Meta Subscriptions: What's Next for Social Media?

Meta Subscriptions: What's Next for Social Media?

Meta is introducing premium subscriptions for its apps, signaling a major shift away from relying solely on ad revenue. This theme focuses on companies poised to benefit as the social media industry increasingly adopts paid, feature-based subscription models.

Auto Supply Chain Stability Explained

Auto Supply Chain Stability Explained

Ford and GM are negotiating a rescue package for a key parts supplier, highlighting the critical need for stability in the automotive supply chain. This creates an investment opportunity in financially robust suppliers that are essential to vehicle production.

Frequently Asked Questions