Investors Join Sinclair's Big Bet On Sports And Sports Gambling

Forbes -

Forbes—Investors are betting big that Sinclair's acquisition of 21 regional sports networks will pay off big, especially in a future where sports gambling is widely legal. Shares were up 30 percent in early trading Monday after the deal was announced.

Legal sports betting’s next big challenge? Geolocation. Legal sports betting is coming to D.C., but you won't be able to place a bet on the citywide app just anywhere. There are unique challenges created by the District's topography and the nature of the specific law that has been passed.