NFL Week 13 betting guide and our best bets for the Westgate SuperContest

Joe Sargent/Getty Images Every week, we’re picking five games against the spread for our entry in the WestGate Las Vegas SuperContest with the goal of winning the grand prize of $ 1.4 million. Last week, our picks went 2-3 against the spread, leaving us with some work to do to get back to profitability. This […]

NHL unveils multi-year partnership with MGM to share sports betting data

The NHL is getting involved in the sports gambling industry, with commissioner Gary Bettman announcing a multi-year partnership Monday with MGM Resorts International, an American global hospitality and entertainment company. The NHL, which won't receive a cut of gambling profits, is following the NBA's lead by providing the company with data for use in sports betting. "The […]

Investors betting against JD.com made $153 million after the company’s CEO was accused of sexual misconduct (JD)

REUTERS/Aly Song JD.com plunged after its CEO was detained in the US over a sexual-misconduct allegation. Short sellers made $ 153 million in profits from the stock decline, which saw shares fall 14% last week. Watch JD.com trade in real-time here. JD.com short sellers — or investors betting on the company’s stock to fall — made millions […]

Heineken is betting on a brew made with marijuana instead of alcohol, and it could give a boost to the struggling beer industry

Erin Brodwin / Business Insider Heineken’s new brew, from California beer brand Lagunitas, is made with marijuana instead of alcohol. Hi-Fi Hops is currently only available in a select number of dispensaries in California, where cannabis is legal. It’s part of a growing trend of established companies diving into the marijuana industry. Lagunitas, Heineken’s fast-growing […]

Top European investors are betting the crazy $3 billion US scooter trend will go global

Lime The buzziest startup idea in the US right now involves dumping hundreds of dockless scooters in a city and then hiring them out to people who want to make short trips. Scooter rental startups Lime and Bird were only founded last year but have raised million of dollars in funding and racked up a […]

The mysterious trader known as ’50 Cent’ appears to be back betting on more stock market chaos

Twitter / Cantor Relief The mysterious volatility trader known as “50 Cent” appears to have made some new bets this week that the stock market will see turbulence over the summer. The trades match a growing sentiment across Wall Street that the stock market could be in for a rocky ride over the next few […]

Facebook thinks it’s found the way to get people to watch Watch — and it’s betting big on news

Campbell Brown / Facebook Facebook is rolling out a new dedicated hub within Watch specifically for news publishers. It’s an interesting play for Facebook, which has recently veered away from news. But it’s also seeking to create habitual viewing of Watch – and news may fit the bill. And despite concerns over Facebook dropping funding, […]

Roger Goodell wants Congress to standardize sports betting with at least ‘four core principles,’ but one stands out over the others

Jeff Haynes/AP The NFL’s commissioner, Roger Goodell, wants Congress to oversee sports betting now that states are free to make it legal. Goodell wants uniform standards for sports betting that include at least “four core principles.” While three of the principles feel like no-brainers, the fourth will receive a lot of pushback from casinos and […]

Here are the states where sports betting is expected to be legal within 5 years

A Supreme Court ruling has opened the door for states to legalize sports betting.  According to one study, 32 states will likely have legalized sports gambling within five years and as many as 14 could be ready within two years. Four states already have legal sports gambling on some level and Nevada is the only […]