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Bloomberg

Danny Funt Details 'Whole New Ballgame' of Online Sports Gambling in 'Everybody Loses'

Danny Funt, author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling,' said that online sports betting is a 'whole new ballgame' as the ability to make thousands of real time bets 24/7 has ballooned over the last decade, outpacing any attempt to regulate sportsbooks. Funt detailed how sports leagues changed their tune on betting when officials learned that gambling could revitalize struggling media deals and make a windfall for major sports. Funt also talked about the meteoritic rise of prediction markets as regulators question what counts as gambling.

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Bloomberg

War 'Uncertainty' is More Challenging Playbook Than Downturn, Says Rebecca Homkes

Rebecca Homkes, lecturer at the London Business School and faculty at Duke Corporate Executive Education, discussed the uncertainty and volatility in the economic landscape as war with Iran drags on. She said that for executives, the straightforward playbook for dealing with a downturn is easier than making decisions within uncertainty of not knowing what kind of economic fallout to expect from a war that could end next week or next month.

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Bloomberg

Valuations are 'Punchy': Salesforce's Drews

Paul Drews, managing partner at Salesforce Ventures and Manthan Shah, principal and head of US investments at WestBridge Capital join Dani Burger on "Bloomberg Deals." OpenAI announced this week its largest-ever fundraising, drawing $122 billion in backing from tech giants, venture capital funds and retail investors alike. Now the valuation for OpenAI sits at $852 billion while Anthropic's valuation is at $380 billion.

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