National Football League (NFL)

AAF files for bankruptcy, co-founder breaks silence

Photo: Illustration: Rebecca Zisser/Axios

The Alliance of American Football, which suspended operations earlier this month, filed a petition for bankruptcy yesterday.

Why it matters: Based on the filing, the league had roughly $11.4 million in assets and $48.4 million in liabilities. Those liabilities include roughly $9.6 million in money owed to creditors.

3 takeaways from D.C.'s sports betting summit

NHL commissioner Gary Bettman stands and speaks in a suit in front of a podium.
NHL commissioner Gary Bettman. Photo: Christian Petersen/Getty Images

The American Gaming Association's inaugural sports betting summit took place just outside of Washington, D.C. on Wednesday.

The bottom line: There are 3 major takeaways from the summit: data is driving two of the industry's biggest conversations, mobile gaming is a point of contention in the industry, and integrity fees are dead.