Betting on Baseball? New ETFs Blur Line Between Investing and Gambling

📡 CNBC Top News 4d ago · 1 min read ·

Part of composite article Prediction Markets Are Quietly Eating the NFL View full article →

Sports teams are valuable businesses. Now, new exchange-traded funds (ETFs) let people invest in the on-field performance of Major League Baseball (MLB) and National Hockey League (NHL) teams. An ETF is a basket of investments that trades like a stock. Experts say these new products look more like gambling than traditional investing. They warn this trend pushes retail investing toward risky betting.