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Eli Manning weighs in on Giants QB Jaxson Dart's Trump rally fallout
Former New York Giants quarterback Eli Manning said he supports athletes who take political stances, but warned they should be prepared to face potential criticism if they do. The two-time Super Bowl-winning quarterback spoke to CNBC Sport about political activism in sports after the Giants' current signal caller, Jaxson Dart, came under scrutiny for introducing President Donald Trump at a rally outside of New York City. His decision to publicly back Trump sparked backlash, including public...
Eli Manning's private equity firm acquires licensing company for NFL Flag in bet on youth sports
A version of this article appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. Former New York Giants quarterback Eli Manning's private equity firm Brand Velocity Group is acquiring RCX Sports, the company that manages the licenses of the official youth sports programs of the NFL, NBA, WNBA, MLS, NHL and MLB.
World Cup travel boost hasn't materialized for U.S. businesses — yet
The 2026 World Cup is expected to bring a wave of global soccer fans to North America. But the travel boom is shaping up to look less like one uniform surge and more like a city-by-city, match-by-match test of pricing power. "Demand is real and positive, but it's not evenly distributed across host cities," said Jay Wardle, president of travel data intelligence company Sojern.
The World Cup will likely be the biggest gambling event in history
The 2026 FIFA World Cup is expected to be the biggest betting event in history — and the first to test the U.S. sports-wagering market at full scale. The tournament kicks off Thursday in Mexico City and will end about six weeks later at MetLife Stadium in East Rutherford, N.J. Between those two bookends, 48 teams will compete in 104 matches.
Disney is poised to ramp its already booming advertising business. Rita Ferro is behind the push
As Rita Ferro, Disney president of global advertising, prepared to take the stage at the company's recent upfront presentation, she had actor Paul Anthony Kelly on her mind. Kelly recently portrayed John F. Kennedy Jr. in the limited FX TV series "Love Story," and met Ferro at an earlier event. After a fangirl moment that included an iPhone snapshot, Ferro requested that Kelly introduce her at the annual pitch to advertisers.
Family offices bet on sports, from pickleball leagues to smart soccer balls
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last month, investment firms of the ultra wealthy went all-in on sports and played on multiple fronts.
Individual traders drove Kalshi’s rise. Now, it’s going for Wall Street
Prediction market platform Kalshi processed more than $17 billion in various trading contracts in May, a record amount up more than 2500% from a year ago. But while individuals drove Kalshi's astronomical growth over the past year, the company has focused on a new push in 2026: institutional adoption. Less than a year after trading volumes started marching consistently higher in September, Kalshi — the largest prediction market platform in the U.S. — has made a series of moves in 2026 to...
LIV CEO won't guarantee final 4 events of season
Amidst reports that there are growing concerns within LIV Golf that funding from Saudi Arabia's Public Investment Fund might not last through this season, CEO Scott O'Neil stopped short of saying the circuit's final four tournaments will be played. Speaking to CNBC on Tuesday, O'Neil said LIV Golf has to trust that the PIF will follow through on its promise to fund the league through the remainder of the 2026 season. "I can say they've been terrific partners so far," O'Neil said.
Kalshi wants small businesses to hedge like Wall Street. A NYC bar is trying it with Knicks promotion
Kalshi is relying on Wednesday's Knicks game and a New York City bar to show off its hedging-for-the-masses strategy. A local New York City bar on the Upper East Side is promising customers that if the Knicks win its first game against the Spurs, it will pay for everyone's tab. It's able to execute that bold promise because of hedging.
Nvidia's entrance into the PC market gives investors another reason to own the stock
Nvidia has added another leg to its investment case, planted far away from the data center. It's on your desk at the office and at home. At the influential Computex conference in Taiwan, CEO Jensen Huang focused the first half of his keynote address on the data center and the wonders of Nvidia's Vera computing platform for agentic AI workloads.