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Cybercrime Meets Insider Trading in Sports

Cybercrime Meets Insider Trading in Sports The trading room for sports betting at William Hill in Las Vegas. Inside information about teams and their players will become more valuable now that the Supreme Court has opened the door to legal sports wagering.CreditBridget Bennett for The New York Times Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. Sport’s best-kept secrets — confidential information about game-day strategies and player performance and critical insights into competitors — are closely guarded for good reason. The information could help teams as well as those betting on the games gain http://livebettingesz.tubablogs.com an edge. The Supreme Court’s ruling in Murphy v. National Collegiate Athletic Association underscores the value of such information. In a 6-to-3 ruling this spring, the court opened the door to the lucrative business of legalized sports wagering in the United States. The justices struck down a law, the Professional and Amateur Sports Protection Act, that barred states from allowing sports gambling. States can now choose whether to pass laws to legalize gambling, and several states are already taking steps to do so. Sports teams, leagues and casinos are all looking to cash in on legalized sports betting.

For the original version including any supplementary images or video, visit https://www.nytimes.com/2018/07/06/business/dealbook/sports-betting-cybercrime.html

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