ESPN, Penn Entertainment partner on sportsbook
Penn will rebrand its current sportsbook to ESPN BET this fall in the 16 states where it is licensed after a licensing deal was reached Tuesday.
www.espn.com
Not a fan of ESPN, and this makes me less so. Too many young people my son's age -- including some of his friends -- getting in debt blowing money they can't afford on these instant bet apps.
And of course ESPN is in a position to influence the outcome of games.
What if their "partner" is heavily leveraged on a Super Bowl or NCAA finals and ESPN has a partially-reported story it can leak and change the betting line in an instant? Of course, they'll claim they have "pure journalistic ethics." Yeah, I believe that, when a partner paying you billions of dollars wants an outcome, and all it takes is an "unnamed sources story" to whipsaw the odds so that partner can lock in a profit whoever wins.
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