Sports

A lawsuit filed by Skechers USA Inc (NYSE: SKX) against adidas AG (ADR) (OTC: ADDYY) that accuses the German footwear maker of blocking Skechers' entry into the basketball shoe market comes directly on the heels of the U.S. Appeals Court upholding a ruling that blocks...

Whereas the Kentucky Derby field of 20 horses still yielded nice payouts, the eight-horse field in the Preakness Stakes doesn’t offer a similar risk-reward scenario. Handicappers that went with the favorite in the Derby, Justify at 5-2 odds, profited a respectable $5.80 for every $2 wagered....

"Fortnite" emerging as the biggest video gaming story of the year has had a profound effect on Turtle Beach Corp (NASDAQ: HEAR), a gaming headset manufacturer that has seen its shares rise a remarkable 770 percent in 2018. Huge Success Turtle Beach is seen as a nearly pure play to...

The Carolina Panthers have been sold to billionaire hedge fund manager David Tepper for what's expected to be an NFL-record north of $2.2 billion. What Happened Former Panthers owner Jerry Richardson was effectively forced out of ownership following an ongoing investigation into racial and sexual...

Is it possible that, one day, someone would invest in an index of Michael Jordan shoes as opposed to commodities on the New York Stock Exchange? According to Josh Luber, this could be the future of investing. The CEO and co-founder of Detroit-based StockX spoke Wednesday morning at the 2018...

Sports betting is legal in the United States. The Supreme Court’s landmark decision to overturn PAPSA, a law in place since 1992, has far-reaching implications for professional sports and creates the potential for legalized and regulated online gambling. "The legalization of sports...

The U.S. gambling market got some big news Monday when the Supreme Court overturned a ban on sports betting outside of Nevada. The decision opens the door for legalized NFL gambling this season in seven states with regulatory legislation already in place, and more states sure to follow suit....

The U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which made it illegal for states outside of Nevada to offer sports wagering. Not surprisingly, the news sparked casino stocks higher. The VanEck Vectors Gaming ETF (NYSE: BJK), the only exchange traded...

The Supreme Court ruled 7-2 Monday to overturn the federal Professional and Amateur Sports Protection Act, which banned sports betting, and allow states outside Nevada to participate in the otherwise underground market. Why It’s Important The decision could open a $6.03-billion market in...

The 2018 Kentucky Derby field of 20 horses has been set. The race features two trainers — Todd Pletcher with four entries and Bob Baffert with one — that represent the class of the group. Justified? Baffert’s colt, Justify, may be the favorite based on his easy victory in the...

Under Armour Inc (NYSE: UAA) reported a first-quarter earnings and sales beat Tuesday, but it wasn't enough to prop up the struggling athletic apparel brand's stock. Sales for the Baltimore-based company came in at $1.2 billion, beating estimates by $100 million. Earnings came in flat and...

The 2018 NFL draft is over, but there's another draft underway of a different kind with former NFL stars participating.  CNBC launched its 2018 Stock Draft last week; eight teams will undergo a nine-month trading journey to claim the cable network's champion title.  This year'...

While legalized marijuana represents a burgeoning industry and tax boon for states, its finacial impact could be eclipsed by the potential of legalized sports betting. Estimates of the size of the illegal sports betting market in America range from the American Gaming Association's figure of $...

The NBA just posted its most watched season in four years. With the playoffs underway, ratings are as healthy as ever, posting the best Saturday playoff opener in five years. If the expected matchup between the Golden State Warriors and the Houston Rockets comes to fruition, one media consultant...

Callaway Golf Co (NYSE: ELY) shares have gained over 40 percent over the past year amid a resurgence in golf's popularity and some keen investments and acquisitions. Despite Callaway’s recent success, it was hit with a downgrade from D.A. Davidson on Wednesday on the firm's view that...