Trading Sportsbooks for Brokerages, Bored Bettors Wager on Stocks

[Mike B 625]

By Matt Phillips (NYT)

When Russian table tennis or Korean baseball won’t scratch the itch, some are trying their hand at trading equities. It’s enough to move the market, analysts say.

 

When he wasn’t coaching sports, he was playing them or watching them. And if he was watching — well, a little skin in the game always made it more interesting for Steven Young, a teacher outside Philadelphia. Just small-dollar bets, mixed in with shuffling the rosters of his fantasy teams.

But when the coronavirus pandemic hit, all the games he cared about sputtered to a stop. So he turned to one of the last places in town for reliable action: the stock market.

https://www.nytimes.com/2020/06/14/business/sports-gamblers-stocks-virus.html?referringSource=articleShare