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Proposed sports-betting ETFs would debut with 32 new products
MarketWatch reports the plan would start with 32 exchange-traded funds designed to link investing and sports wagering activity.
Wall Street is pushing to expand sports betting into the ETF wrapper, with a proposal to launch 32 new exchange-traded funds.
MarketWatch says the effort reflects a growing overlap between investing, trading and sports betting, aiming to create products that track or package sports-wagering exposure in ETF form.
Critics cited by MarketWatch warn the approach could be dangerous, arguing the concept is more speculative than traditional investing products.