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Sports betting is taking a bite out of gamblers’ grocery budgets, new research suggests
A report released just days before the start of the FIFA World Cup finds a correlation between sports betting and not having enough to eat.
Feds say ex-NBA player Terry Rozier accepted $100K bribe in sports betting scheme
Terry Rozier arrives at U.S. District Court for the Eastern District of New York last year.
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.
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.
Gallagher Prem final day - latest scores and scorers
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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.
NCAA: Sorsby's college career should be over
The NCAA says it would be forced to become the first major American sports league to allow an athlete who bet on their own games to continue to compete if a district court were to grant quarterback Brendan Sorsby an injunction allowing him to play for Texas Tech this season. The NCAA laid out its opposition to Sorsby's request in a legal brief filed late Friday in district court in Lubbock, Texas, that revealed new details about law enforcement's involvement in the origin of the case and the...
Judge mulls Sorsby eligibility in 2-hour hearing
The fate of Texas Tech quarterback Brendan Sorsby's college eligibility will be decided in the near future after a two-hour hearing in Lubbock County District Court on Monday. Attorneys for Sorsby are seeking a temporary injunction permitting him to play in 2026 after the NCAA ruled him ineligible and denied his request for reinstatement after he placed thousands of bets on college and professional sports, including on his own team, during his career. The decision will be up to judge Ken...
'Sad day': Coaches, ADs stunned by Sorsby ruling
A judge's decision to rule Texas Tech quarterback Brendan Sorsby eligible on Monday morning roiled college sports, with reactions ranging from doomsday predictions to informal chatter about Big 12 schools attempting to not play Texas Tech this season. The reaction around college sports was nearly unanimous, with the idea of Sorsby playing in 2026 after admitting to thousands of bets on sports -- including 40 on his own team -- representing the latest crossroads for an industry that has faced...