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Photo: Erin Clark/The Boston Globe via Getty Images

Sports fans are getting antsy as professional leagues, teams and retailers fail to refund them for the cost of tickets after the coronavirus shut down the world of live, professional sports.

Why it matters: An estimated $1 billion in consumer capital is currently held by franchises and ticket vendors, USA Today reports. Teams aren't sure whether they will be able to play some or any of the previously scheduled games, but they are holding on to ticket revenue as 26 million Americans have filed for unemployment.

  • Inaction from teams and retailers prompted a class-action lawsuit earlier this week over 2020 MLB tickets, with defendants claiming they "are aware that their representations that the 2020 MLB regular season will be played is false and misleading.”

The state of play:

  • The MLB has told teams to treat games like rainouts so fans are more likely to hold onto their tickets, per USA Today.
  • NBA and NHL season-ticket holders also wonder what will happen to the remaining 5-10 games of the season, but they say they have received invoices for 2020-2021 tickets, rather than refunds.
  • NHL spokesperson John Dellapina told USA Today that ticketing policies are up to individual teams, but the NBA and MLB teams are following the guidance of league teams — who recommend treating games as "postponed."

Go deeper: eSports surge as professional sports get canceled

Go deeper

Aug 1, 2020 - Sports

Sports teams experiment with facial recognition amid coronavirus pandemic

The Mets' Citi Field in New York City on July 30. Photo: Mike Stobe/Getty Images

Multiple professional sports teams are considering facial recognition systems to make admitting fans to stadiums as touchless as possible during the coronavirus pandemic, Wall Street Journal report.

Why it matters: It is unlikely that fans will be able to return to live sporting events soon unless facilities adopt measures, like touchless admission systems, to prevent the spread of the virus.

Aug 1, 2020 - Sports

Cardinals-Brewers game postponed again

Daniel Ponce de Leon delivering a pitch on July 29 against the Minnesota Twins. Photo: Hannah Foslien/Getty Images

Saturday's Cardinals-Brewers game in Milwaukee was postponed for a second day in a row after one St. Louis player and three team staffers tested positive for the coronavirus, the New York Times and Washington Post report.

Why it matters: So far, its Major League Baseball's 16th postponement of its 2020 season and adds to existing doubts that the season can continue amid the pandemic.

Ben Geman, author of Generate
26 mins ago - Politics & Policy

Biden to sign major climate orders, setting up clash with oil industry

Illustration: Aïda Amer/Axios

President Biden will sign new executive actions today that provide the clearest signs yet of his climate plans — elevating the issue to a national security priority and kicking off an intense battle with the oil industry.

Driving the news: One move will freeze issuance of new oil-and-gas leases on public lands and waters "to the extent possible," per a White House summary.