Sports betting

Illinois sports betting bill paves way for leagues to cash in

Stadium with two dice in the middle
Illustration: Aïda Amer/Axios

Illinois passed a sports betting bill over the weekend that includes mobile betting, in-venue kiosks and, most notably, a mandate that operators use official league data for in-play and prop bets.

Details: Casinos, racetracks and other brick-and-mortar venues can offer mobile betting right away, while online-only operators like DraftKings and FanDuel must wait 18 months before entering the market. Large venues like Soldier Field and Wrigley Field would be able to apply for licenses to add on-site betting kiosks.

Nasdaq cashes in on digitized sports betting

In this image, people rush by a digital NASDAQ sign in New York City.
Photo: Spencer Platt/Getty Images

When you think of Nasdaq, chances are you think of the U.S.-based stock exchange. However, the company has numerous other lines of business, none more interesting than their foray into sports betting.

Why it matters: In addition to operating its own stock exchange in New York, Nasdaq is a technology provider for other global marketplaces. One of its core customers: sports betting operators.