Swinging for the fences: Could US sports betting ever become a financial asset class?

US venture capitalists and financiers harbor high hopes they will one day be able to invest a chunk of their portfolio into a sports betting mutual fund. EGR North America finds out whether the market will ever be liquid enough to support that kind of multi-billion dollar investment

The New York Stock Exchange went hypersonic in the nineties. The volume of shares traded annually went from around 40 billion at the start of the decade to more than 265 billion by the end of the decade, an almost seven-fold increase. The market value of all those transactions also exploded but, even more so,…

Exchange | Exchange betting | Finance | Smarkets | Sports betting