The Thin Line Between Financial Markets and Gambling

A NYT article by Susanne Craig spots Cantor Fitzgerald, one of the lead brokers on Wall Street, expanding into the gaming industry. They have a subsidiary, Cantor Gaming, that runs the books for sports betting operations and other activities.

“Guys who trade Treasuries are doing it for basis points, and sports betting is not much different,” said Jeffrey B. Logsdon, an entertainment and gaming analyst for BMO Capital Markets. “Trading a million dollars in Treasuries is different than trading a billion. Sports betting is the same. You want the spread, volume and you see yourself as a match maker.”

This entry was written by John Parsons, posted on December 27, 2010 at 3:27 pm, filed under markets. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

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John Parsons
MIT
Antonio Mello
UWisconsin
About this blog

We use this blog to discuss with our students issues in risk management for non-financial corporations. The blog addresses interesting events in the news, as well as advances in financial analysis. We have made the blog public to encourage valuable contributions from former students, colleagues and others in industry, government and academia.

The content of the blog is closely aligned with the material in our lecture notes on Advanced Corporate Risk Management (MIT course 15.423). A website with the notes and associated materials will be coming soon.
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