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3 mins read

Sports betting is the next frontier for Wall Street's smartest quants to conquer

Trading giant Susquehanna and other quants are diving into sports betting — making it harder for th…

Bradley Saacks   


Business Insider Latest Story Image
2 mins read

The rise of legal sports gambling is coming at the expense of stock investing, new study shows

Household investments are reduced by roughly $2 for ever dollar wagered, the researchers found.

Filip De Mott   


Business Insider Latest Story Image
5 mins read

Sports gambling is taking a toll on Americans' finances

The sports betting boom is hurting the finances of some low-income Americans.

Jacob Zinkula   


Business Insider Latest Story Image
4 mins read

Sports gambling is bigger than ever. It's also gotten incredibly weird.

The legalization of online sports betting has thrust the industry in the mainstream. But the market…

Dan DeFrancesco   


Business Insider Latest Story Image
1 min read

Sports leagues got millions in betting company sponsorships. Then came the gambling scandals.

As sports-betting has become increasingly lucrative and commonplace, a series of scandals starring …

Geoff Weiss   


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4 mins read

David Zaslav risked Warner Bros. Discovery's future by passing on the NBA — and the gamble might pay off

Warner Bros. Discovery likely lost the NBA, but it scored a huge win in its new deal with Charter. …

James Faris   


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6 mins read

Turns out sports gambling was a gateway drug

Sports gambling companies like DraftKings and FanDuel are expanding way beyond football and basketb…

Emily Stewart   


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5 mins read

Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks

A sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out…

Dan DeFrancesco   


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2 mins read

Stock market today: S&P 500 hits 8-day win streak as investors focus on Fed conference

Aside from the Fed, investors will pay attention to 2nd-quarter earnings results from retailers thi…

Matthew Fox   


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2 mins read

Stock market today: Stocks edge up after best week of the year as investors turn attention to Fed symposium

A speech from Fed Chairman Jerome Powell, retail earnings, and the Democratic National Convention a…

Matthew Fox   


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3 mins read

The Apple Sports app still doesn't make any sense

When one of the world's most valuable companies makes a thing, it should have a good reason why. So…

Peter Kafka   


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2 mins read

Short seller Jim Chanos says Americans are so bad at gambling that he's now bullish on the industry

Jim Chanos' bet against DraftKings underestimated "what bad bettors the US gamblers are," he told t…

Filip De Mott   


Business Insider Latest Story Image
7 mins read

Legalized sports betting is creating a disastrous doom loop

From huge debts to repossessed cars, a new study shows that legalized sports gambling is bankruptin…

Emily Stewart   


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3 mins read

Biden needs his high-stakes debate gamble to pay off, even if it won't upend the race

Joe Biden got his wish for an extremely early debate with Donald Trump. Now he needs it to pay off.

Brent D. Griffiths   


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2 mins read

NBA gambling scandle: Jontay Porter of Toronto Raptors banned for life for leaking info to bettors

Toronto Raptors player Jontay Porter received a lifetime NBA ban for gambling violations.

Lauren Steussy   


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3 mins read

3 influencers break down how they make money from gambling content, from YouTube ads to affiliate marketing

Micro influencers who create gambling content explain how they make money from affiliate marketing …

Tiara White   


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2 mins read

Shohei Ohtani's ex-interpreter was really bad at sports betting, according to court documents

Ippei Mizuhara, Shoehei Ohtani's ex-interpreter, had a negative balance of $40.7 million, prosecuto…

Lloyd Lee   


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5 mins read

The biggest winners and losers from the new sports streaming service

In today's big story, we're looking at how a new sports streamer from a trio of media titans is set…

Dan DeFrancesco   


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2 mins read

X is aiming to be the next hub for sports betting, report says

Just over two weeks before Super Bowl LVIII, X inked a deal to display BetMGM sports betting statis…

Katherine Tangalakis-Lippert   


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3 mins read

Athletes Unlimited and Sportradar are all-in on betting in women's sports

The women's sports betting market has been virtually untapped, even as interest in women's sports b…

Meredith Cash