Betting on WWE matches? 'NFW!' say gaming operators and regulators
Publishing timestamp: 2023-03-10 17:56:02
Summary
World Wrestling Entertainment is interested in allowing people to bet on scripted matches, but regulators and sportsbook operators are skeptical and in some cases hostile. Betting on scripted events is seen as optically-challenging and not worth the hassle and risk for what is likely to be fairly modest in terms of betting activity. While betting increases fan engagement, the legal gambling industry puts a premium on avoiding scandal and maintaining the integrity of competitions.
Sentiment: MIXED
Tickers: MGM, FLTR-GB, DKNG, WWE,
Keywords: entertainment, business, sports, draftkings inc, gambling, media, mgm resorts international, flutter entertainment plc, new york city, business news, world wrestling entertainment inc,
Source: https://www.cnbc.com/2023/03/10/wwe-legal-betting-skepticism.html