Lakers Sell For Record $12.5B

Former Disney CEO Bob Iger and investor Joshua Kushner are buying the basketball team from Dodgers owner Mark Walter.

The $12.5B purchase sets a new professional sports record, easily surpassing the team's $10B valuation from 14 months ago.

Despite the ownership change, current team executive Jeanie Buss will keep her leadership role for at least five years.

FanDuel, Flutter's primary US sports betting brand, saw its market share drop from 47% to 39% following the departure of two top executives.

The business faces rising competition from unregulated prediction markets, which allow users to wager on events without navigating traditional sports betting taxes.

These US struggles, along with international issues like a steep UK tax hike to 40%, caused Flutter’s stock to fall 68% from historic highs.

The 20-year renewal keeps the bank's name on the home of the NBA's Wizards and NHL's Capitals.

Owner Monumental Sports & Entertainment is halfway through a $1B-plus renovation, with $500M funded by Washington D.C.

Capital One cardholders will get a dedicated arena entrance and discounts across the venue under the deal.

The DP World Tour, a major European golf circuit, will resume penalizing players who compete in the rival LIV Golf league starting in 2027.

This policy change follows LIV's new plan to offer players equity, which officials fear will discourage full participation in European events.

The reinstated fines threaten the 2027 Ryder Cup hopes of European athletes, as the tour controls team selection for the prestigious tournament.

Former NBA players Enes Kanter Freedom and Royce White sparked debate by threatening to exploit undefined gender rules for the 2027 draft.

The current labor agreement requires players to be women but lacks a clear definition, leaving the WNBA vulnerable to workplace discrimination lawsuits.

While only about 10 of 500K college athletes are transgender, legal experts advise the league and union to clarify entry requirements.

The Commodity Futures Trading Commission, a US federal agency, used emergency authority to keep the platform online despite state objections.

New York sued Kalshi for illegal gambling, seeking $36B in penalties because the platform bypasses local taxes and underage betting limits.

The outcome will determine if betting on real-world events should be regulated as a federal financial trade or a state-level casino game.