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Betting

A markets regulator is concerned about bets on election results

by David Brancaccio and Alex Schroeder
May 14, 2024
Financial regulators are worried about derivatives markets — especially ones regarding elections.
"There's some concern that goes back to the election between Barack Obama and Mitt Romney, where people placed ... big bets that Mitt Romney would win," said the University of Michigan's Erik Gordon.
John Moore/Getty Images
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Arcade chain Dave & Buster’s to let adult customers place a friendly bet on its games

by Stephanie Hughes
May 1, 2024
We learned this week that Dave & Buster's will let its customers use its app to compete against each other.
Dave & Buster’s new gaming platform is not technically gambling, but rather skills-based gaming, which is more lightly regulated and taxed than gambling on games of chance.
Jim Watson/AFP via Getty Images
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ESPN enters the competitive world of online sports gambling

by Kristin Schwab
Nov 14, 2023
The company hopes to win a piece of the nearly $85 billion global sports betting market, now dominated by DraftKings and FanDuel.
ESPN Bet will be able to offer something other betting apps can't: media content from ESPN. But that doesn't ensure success.
Laurens Lindhout/Soccrates/Getty Images
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ESPN, long a big name in sports, lends its name to sports betting

by Stephanie Hughes
Aug 10, 2023
Gaming company Penn Entertainment is paying $2 billion over 10 years to use ESPN's name in its gambling app and website.
Sports betting is a growing market in the U.S. ESPN made $2 billion in its deal to license its brand to Penn Entertainment's betting app and website.
George Rose/Getty Images
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California voters will soon weigh in on sports betting

by Megan Jamerson
Nov 1, 2022
Several tribes are asking voters to pass a measure that would allow sports gambling on tribal lands and race tracks. Opponents say it could hurt card rooms.
The Gardens Casino is the economic engine of the city of Hawaiian Gardens in Los Angeles County. Some cities that rely on card room revenue are opposed to proposition 26.
Megan Jamerson
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Business of Voting

Are political betting odds for the 2020 election more accurate than the polls?

by Victoria Craig
Oct 30, 2020
There are record numbers of bets being placed around the world on who will win the White House.
One bookmaker estimates bets placed in 2020 are more than double what was spent in 2016.
Frederic J. Brown/AFP via Getty Images
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NFL inks first leaguewide gambling sponsorship

by Andy Uhler
Jan 4, 2019
The NFL has partnered with casino operator Caesars Entertainment as the league’s first official casino sponsor.
The NFL draft has evolved over the years
Doug Pensinger/Getty Images
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Supreme Court makes sports betting a possibility nationwide

by Associated Press
May 14, 2018
The Supreme Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions.
Ethan Miller / Getty Images
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5 things you need to know about sports betting

by Andy Uhler
May 11, 2018
Illegal betting is a $150 billion industry. Will it be taxed?
California Chrome, ridden by Victor Espinoza, crosses the finish line to win the 140th Kentucky Derby at Churchill Downs on May 3, 2014, in Louisville, Kentucky.
Dylan Buell/Getty Images
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