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Billionaires Sound Alarm on Online Sports Betting Risks

The Billionaires Behind a Growing Concern: Can We Regulate Online Sports Betting?

John Arnold, a billionaire philanthropist and former energy trader, has joined the chorus of voices sounding alarm about online sports betting. Alongside his wife Laura, he's committing $2.

6 million to research grants aimed at understanding the risks associated with this burgeoning industry. The market for online sports betting has exploded in recent years, hitting a record $16.

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