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Several companies, including Big League Advantage and Finlete, are offering opportunities for fans to invest in players in exchange for a share of their future earnings, raising questions about the line between investment and gambling in the sports industry. The rise of smartphone apps and ads in sports gambling has experts concerned about an increase in problematic gambling behavior. The controversy surrounding the Shohei Ohtani gambling incident highlights the ongoing debate about the intersection of sports, betting, and player investments.
Editorial | The Shohei Ohtani gambling controversy is the latest in a recent spate of incidents involving professional or college sports leagues and wagering. https://t.co/57RMNpdjpt
Companies like Finlete give baseball fans a chance to invest in players, in exchange for a percentage of their future earnings. But is it just another form of gambling? https://t.co/TPU14J6bjc
"If you can bet on a player’s success, what is the difference between betting on how many home runs a player will hit — as MLB promotes — and betting on his career?" asks @BillShaikin as he digs into new companies like Finlete https://t.co/TPU14J6bjc