Whatever moral issues you may have of the subject aside, from a venture investor perspective it is fascinating and somewhat saddening watching the many interesting businesses being built elsewhere around online betting. Here is another example:
Sporting Index, which is owned by the private equity firm HG Capital,
expects to take 500,000 bets during the World Cup, generating $22.2
million, in revenue, said Wally Pyrah, a director of Sporting Index.
All of that from taking spread bets around a single event. Remarkable.
[via N.Y. Times]