Axios

The International Olympic Committee on Tuesday announced a new framework for transgender athletes, as well as those born with intersex conditions that foregoes a "one-size-fits-all" approach in favor of encouraging each sport's governing body to come up with appropriate policies.

Why it matters: The first openly transgender athletes competed in the Tokyo Olympics, 17 years after the IOC first set rules allowing for participation, while several female athletes saw themselves excluded from the Olympic Games on the basis of their natural testosterone levels.

Companies that do business in China — especially Olympics sponsors — are concerned Beijing will use the 2022 Winter Games as a loyalty test.

Why it matters: China's leaders have become adept at silencing criticism from U.S. companies that might otherwise condemn the country's human rights record — and the Chinese government has been able to host prestigious global events like the Olympics while committing rights violations with impunity.

So you want to own a sports team? Now's your chance.

Driving the news: The Packers — the only publicly-owned, not-for-profit major professional sports team in the U.S. — are selling shares of "stock" for just the sixth time in the franchise's 102-year history.

Pickleball — a combination of tennis, badminton and ping-pong — surged in popularity over the past two years. But the sport's rapid rise is much more than a pandemic-fueled fad.

State of play: Pickleball participation grew by 21.3% between 2019 and 2020, prompting the Economist to declare it "the fastest growing sport in America." 4.2 million Americans now play at least once a year.

The NCAA's summer of change is bleeding into what should be an equally impactful winter.

Driving the news: The NCAA and leaders across each division will meet on Monday to discuss the association's newly-drafted constitution, with the goal of gathering feedback ahead of a final vote in January.

The Women's Tennis Association on Sunday called on Chinese officials to investigate player Peng Shuai's allegations that China's former Vice Premier Zhang Gaoli sexually assaulted her.

Why it matters: WTA CEO Steve Simon took the extraordinary step of issuing a statement calling for a "full, fair and transparent investigation" and an "end of censorship" against the former world no. 1 doubles player, who made the allegations in a since-deleted online post.