Las Vegas Raiders owner Mark Davis says he's 'not a fan' of sports gambling amid prediction market boom
Summary
Las Vegas Raiders and Aces owner Mark Davis told CNBC Sports that he is "not a fan" of sports gambling, particularly proposition bets, warning that the industry's rapid growth could threaten the integrity of professional sports. He said protecting the integrity of the game should remain the top priority for leagues even as gambling partnerships generate significant revenue. The comments come as leagues grapple with the growth of prediction markets; the NFL has declined official partnerships with prediction market operators, with Commissioner Roger Goodell calling for stronger regulation, and filed a Supreme Court amicus brief arguing prediction markets are gambling that should be state-regulated. Davis, who moved the Raiders to Las Vegas in 2020, recalled the NFL's historically hard stance against gambling, including locker room signs warning "No gambling whatsoever." While the Raiders and Aces partner with BetMGM and he acknowledged gambling's financial benefits, Davis said there must be a balance between integrity and revenue, adding that his focus remains on the game itself.
(Source:CNBC)