The appetite for sports gambling will persist regardless of its consequences. However, litigation and public awareness should play a greater role in limiting the overreach of prediction markets and gambling companies.
Read MoreItaly’s struggles are nothing new. Their recent loss marks their third-straight World Cup qualification failure despite a history as one of the most successful national teams in World Cup history. The turmoil has set off a string of administrative changes, including the resignation of Italy soccer federation president Gabriele Gravina and the removal of coach Gennaro Gattuso.
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