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Illustration: Aïda Amer/Axios

For nearly a century, investing was driven exclusively by ticker symbols. Now, there's more room for passion-aligned investing — and sports is at the forefront of that movement.

The state of play: Sports fans have always followed the players and teams they love. Now, there are more ways than ever to actually invest in them.

  • Whether it's through sports betting, fantasy sports, or buying and selling trading cards and memorabilia, it's never been easier to bet on an athlete or team's future success.
  • With so much access to information, fans and collectors can form hypotheses and leverage their expertise by placing a "wager" on what they believe will happen.

For example...

  • Short-term: If you think Ja Morant, Jonas Valančiūnas and the Grizzlies will beat the Nuggets tonight, how do you invest in them? By placing a bet on the game.
  • Medium-term: If you think Valančiūnas will have a huge second half of the season, how do you invest in him? By picking him up off the waiver wire in your NBA fantasy league.
  • Long-term: If you think Morant is going to be a future Hall of Famer, how do you invest in him? By buying his rookie card (or fractional shares of it).

What they're saying: "Loving the things you invest your time and money into are so much more important now, and beloved athletes unlock that passion," says Rob Petrozzo, co-founder of Rally, a platform for buying and selling equity shares in collectibles.

  • "The old adage that '10–20% of your portfolio should include alternatives' has always meant real estate, precious metals and art."
  • "As assets like trading cards continue to dominate the conversation, I can envision 'sports' becoming a part of a lot of portfolios as opposed to just being part of an individual's collection or fond memories."

Consider this ... One Rally user I spoke with shared that he has a folder on his phone titled "Investing/Betting." Inside of that folder:

  • Robinhood (stocks)
  • Coinbase (crypto)
  • DraftKings (sports betting)
  • Rally (collectibles)

Go deeper: Read the full Axios Sports special report on the rise of sports fandom investing

Go deeper

Senate Democrats demand answers on FBI's Kavanaugh probe

Photographer: Andrew Harrer/Bloomberg via Getty Images

Senate Democrats are demanding that the FBI hand over "all records and communications" related to the FBI tip line set up to investigate Supreme Court Justice Brett Kavanaugh when he was a nominee in 2018.

Why it matters: The ask comes after the FBI revealed it received more than 4,500 tips about Kavanaugh when he was awaiting Senate confirmation amid sexual assault allegations. Only the most "relevant" of these tips were forwarded to the Trump White House.

Chip relief on the horizon

Illustration: Sarah Grillo

Good news: The worst of the chip supply crunch might be near.

The other side: Here's the bad news... CEOs say chips totally flowing like normal is still a ways out.

Trump ally Tom Barrack pays $250 million bond to get out of jail

Tom Barrack speaking at a symposium in Tokyo in March 2019. Photo: Kiyoshi Ota/Bloomberg via Getty Images

Real estate investor Tom Barrack paid a federal court a bond of $250 million to get out of jail on Friday while awaiting trial after he was arrested and charged with acting as an unregistered foreign agent for the United Arab Emirates earlier this week, AP reports.

Driving the news: A federal judge also ordered Barrack, a longtime ally of former President Trump and chair of his inaugural committee, to wear a GPS monitoring bracelet at all times and barred him from transferring funds overseas.

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