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The state of Arkansas has established a framework for sports betting, with various operators offering their services to residents.
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Showing 1-4 of 4 stories · from 825 tracked matches · in Business & Economy.
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
This week’s deal for the Los Angeles Lakers, which valued the team at a record $12.5 billion, was the latest in a pattern of skyrocketing prices.
It is the first known investment by Mr. Bezos, one of the world’s richest men, into a sports team.
The results of a recent survey from wealth-management platform Betterment are making America’s financial advisers cringe.