Singaporean crypto exchange and services giant
Apollo Global Management is in talks to back the Yankees with a debt-heavy financing package worth about $3 billion, as the franchise seeks to refinance obligations and fund expansion. The deal would mark Apollo’s largest US sports investment and underscores the growing financial heft of professional sports.
A wave of court rulings on prediction markets, led by Kalshi, has put federal and state regulators at odds. The Ninth Circuit has ruled Nevada may apply its gaming laws to Kalshi’s sports-event contracts, a decision echoed by other circuits as litigation intensifies. The Supreme Court is likely to weigh in as cases diverge.
LeBron James has joined the Philadelphia 76ers, signaling a major shift in the NBA landscape. The star’s arrival has driven ticket demand, boosted jersey sponsorships, and attracted national attention, with Bloom Energy initiating a patch deal worth over $30 million and a multi-million community investment. The Sixers are hosting 34 nationally televised games this season.