Wall Street wants to turn sports betting into ETFs. Critics call it dangerous ‘nonsense.’
Reported by MarketWatch · marketwatch.com · August 18, 2026
The convergence of investing, trading and sports betting may be getting a major shot in the arm — or shot on goal — starting with 32 new exchange-traded funds.
What the tape says
What to watch: Watch downstream inventory builds; restocking cycles often precede sector-wide multiple expansion.
Market reaction today: $ARM -1.87%
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