ESPN made a splash last year with its much-awaited foray into sports betting, but its app’s recent struggles show the long, hard road that faces any brand hoping to catch up to industry leaders FanDuel and DraftKings. The future of ESPN’s sports-betting app is now in question amid mounting losses and an activist investor push...
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Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
But first, let’s make a wager. If this was forwarded to you, sign up here. The big story Sports gambling goes Wall Street iStock; Rebecca Zisser/BI How would you like to turn $100 into $1.7 million in a little over a year? Wayne Shelton has a shot at generating the type of return hedge funds...