The stakes are also big for users of Kalshi and Polymarket, who have staked more than $1.4 billion on contracts related to the midterms.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The company’s stock has received two recent analysts downgrades, after both flagged increased competition from YouTube.
Retirement is usually thought of as something older workers go through, but it’s also a fact of life for professional athletes no longer at the top of their game.
For YouTube, the partnership is the latest and greatest attempt to trounce Netflix as both seek to become all-in-one entertainment platforms.
In December, DraftKings launched a predictions market platform of its own, turning the disruptors like Kalshi into direct competitors.
Paul Allen bought the Seahawks way back in 1997 for just $194 million. Nearly 30 years later, the franchise is worth some $6.6 billion.
10-figure families now hold sports investments in higher regard than other luxury assets, like fine art and classic cars.
ESPN’s standalone streaming service is finally here, but it’s core audience may have already found a preferred way to watch sports.
Seeing first-hand the troubles even the most well-paid athletes can endure, many former pros feel a responsibility to advise today’s rookies.
An athlete’s income is generally earned quickly, and their careers can end just as fast.
As the NFL opens up investments from private equity firms, new funds may help clients invest in their favorite teams.
As the price of franchises soar, shrinking the pool of would-be acquirers, NFL owners are rethinking their aversion to private equity.
Commissioner Roger Goodell said the NFL is en route to allowing PE groups to take ownership stakes in franchises