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Kendall Baker, author of Sports
22 mins ago - Sports

Barstool jumps into sports betting

Illustration: Eniola Odetunde/Axios

Barstool Sports was founded in 2003 as a free gambling newspaper. It later became a sports blog before growing into a media empire, and now things have come full circle with the recent launch of its own branded sportsbook.

Driving the news: The Barstool Sportsbook app saw a record 21,000 downloads per day during its first weekend (Sept. 18–20), breaking DraftKings' and Fanduel's daily records despite Pennsylvania being the only state where it was operational.

Former Afghanistan commander Stanley McChrystal endorses Joe Biden

Ret. Gen. Stanley McChrystal endorsed former Vice President Joe Biden for president on MSNBC Thursday.

Why it matters: McChrystal came under fire in 2010 during the Obama administration after a Rolling Stone article quoted him as mocking some top civilian officials — including Biden. The general apologized to Biden but was ultimately pushed to resign.

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

The holiday shopping season will now begin in October

Illustration: Eniola Odetunde/Axios

Amazon's decision to move its Prime Day to Oct. 13–14 this year will pull the whole holiday shopping season forward by more than a month and help make online retail bigger than ever, as more families shop electronically and jostle to get presents purchased ahead of December holidays.

Why it matters: The reality of the coronavirus pandemic pushing people toward e-commerce combined with the pull of Amazon Prime Day and the Christmas shopping season this year are setting up a bonanza for retailers — but only those with the ability to offer steep discounts, delivery and an attractive online platform.