--- title: "Entity wagering news log" url: https://wagertraders.com/news/ description: "Twenty-four dated entries following Nevada entity wagering from 2016 to 2018, each summarising the publication named beside it." published: 2026-08-19 updated: 2026-08-19 --- # Entity wagering news log Published 2026-08-19 News log Twenty-four dated entries, 8/25/2016 through 5/22/2018 Latest entry 5/22/2018 ## Analysis stream Las Vegas Review-Journal 5/22/2018 ### Slot machine maker IGT signals interest in US sports betting IGT, the world's dominant slot-machine manufacturer, is ready to jump into the promising sports-wagering business in the United States. Now that the Supreme Court has struck down the Professional and Amateur Sports Protection Act, states will be able to establish their own sports-betting systems. Tuesday's first-quarter IGT earnings call left little doubt that the London-based company would be a player in providing technology for sports betting, competing head to head with Las Vegas-based rival Scientific Games. Commentary 3/1/2018 ### Entity wagering may quickly become a thing of the past in Nevada A follow-up to a two-part report arguing that entity wagering was doomed to fail. The past week's headlines have helped confirm those suspicions, the writer argues, after one of the better known companies attempting the venture closed its books and took depositors' money with it. CalvinAyre 2/24/2018 ### Nevada entity betting fund clients claim they have been stiffed One of Nevada's so-called entity betting operations has left a legacy of clients wondering about the fate of their deposited funds. The Las Vegas Review-Journal reported that the Nevada secretary of state and attorney general had received complaints from clients of Bettor Investments, which formerly operated a Nevada-licensed entity betting operation. In 2015 Nevada passed a law allowing out-of-state residents to participate in the state's legal sports betting market through mutual fund-style pools. Investors had no say in specific wagering decisions, which were made by the half-dozen or so Nevada-licensed entities that launched following the law's passage. Regulatory commentary 1/16/2018 ### Entity sports wagering in Nevada Recent articles about the United States Supreme Court's possible lifting of the federal sports wagering ban has resulted in some increased interest in Nevada's entity wagering rules. The leading question is what state gaming licensing requirements apply to the bettors. The answer is none. Sports Betting Simulator 1/5/2018 ### How can sports betting be a profitable investment Sports betting appeals to the smart bettor because it does not have a fixed house edge for the casinos. Sports betting requires more skill than luck and is similar to live poker. You do not win every time, but the skilled handicapper has a large advantage over the recreational bettor. The argument turns on an understanding of numbers, odds and sports. Pinnacle 7/5/2017 ### Interview with Joe Peta, stock trader turned betting expert A follow-up to a review of Trading Bases, the story of a Wall Street trader who turned to baseball betting after he was run over by an ambulance and fired by the investment bank that employed him while he was injured. In this interview we learn more about the man who developed a baseball-betting model and wrote a book about how he did it, what he thinks the future has in store for betting, and his advice for gaining an edge over bookmakers. Biz Tool Belt 7/4/2017 ### High-tech wagering and its similarities with Wall Street There is not much difference between betting on sports and betting on stocks. A discussion of high-tech wagering and its close resemblance to Wall Street practice. Digital Journal 5/29/2017 ### Stakes are rising as a Vegas based company brings investments from outside Nevada Athletics Investments LLC has announced that it is offering an entity wagering fund in the sports marketplace, and that the minimum investment amount has been reduced to 500 for first time investors. The announcement is expected to draw new investors, since short-term positions of this kind are open to a wider range of people than the earlier funds were. Top Betting 5/17/2017 ### Sports betting resembles Wall Street trading The world of sports betting is starting to closely resemble the layout of Wall Street. Gambling on sports is being altered by the introduction of real-time wagering, data analysis tools, fund managers and risk analysis, improving both the way bettors bet and their understanding of the wagers they are making. Last year the Nevada Gaming Control Board posted total sports wager values in the billions. Industry commentary 5/4/2017 ### Future of sports betting: the marketplace A patent description written in plain words such as computer, real-time and online. An accompanying diagram shows the system's entire process in an eight-step flow chart that ends with determine payout of event. Industry commentary 3/30/2017 ### Sports betting mutual funds start to present actual outcomes for buyers In June 2015 Nevada created a new law that permits the creation of sports betting mutual funds within the state, allowing out-of-state residents to invest in them and take part in wagering on sports. In roughly a year a handful of entrepreneurs have made efforts to establish these funds, among them Chris Connelly, who started Contrarian Investments LLC. Industry commentary 3/24/2017 ### One of Nevada's first sports betting funds shines, then stumbles Chris Connelly, founder of one of the first sports betting mutual funds in the United States, had a strong 2016. Contrarian Investments LLC was reported up 31 per cent on December 18 against a 10 per cent return for the Dow Jones over the same period, on the back of National Football League and National Basketball Association positions. Bloomberg 3/14/2017 ### Sports betting is starting to look a lot more like Wall Street Beyond the office pool there is an entire cottage industry of sports betting that increasingly resembles Wall Street. With Nevada sports wagers running into the billions, gamblers are turning to tools that involve complex data analysis to achieve better odds, real-time wagering during games, fund managers who pool bets and risk management practice. The result is something akin to day trading. Sports Gambling News 3/10/2017 ### Why are sports betting funds failing to gain much popularity in Nevada It has been almost two years since the Nevada Legislature passed Senate Bill 443 authorizing certain business entities to place race book and sports pool wagers. The number of registered betting funds in Nevada is still under ten. The piece asks what lies behind the gap between the expectations and the uptake. LinkedIn 3/7/2017 ### Twelve reasons why sports funds in Nevada failed to meet high expectations A longer treatment of the same question: almost two years after Senate Bill 443 authorized certain business entities to place race book and sports pool wagers, fewer than ten funds are registered in the state. Industry commentary 3/1/2017 ### Future of sports betting: the bettors Sports wagering is just a maths problem, according to a high-level bettor active in the global market who spoke on condition of anonymity. The piece argues the sports betting market has a long way to go before it merits serious consideration from hedge funds and institutional investors. Ellipse Media 2/28/2017 ### Wall Street comes to Sin City The execution platforms for sports betting already mirror those of securities trading in London, and it is argued to be a matter of time before the major sports book operators and gaming technology companies in the United States cater to these new customers. Wall Street Journal 1/30/2017 ### Sick of making lousy sports bets, now you can outsource them Bettors invest in entity wagering funds in Las Vegas that make picks on their behalf. The piece follows a Seattle software developer who, after a bad run of March Madness picks, decided to hand the choosing over to a fund manager instead. Legal Sports Report 11/9/2016 ### SEC subpoenas Nevada entity wagering funds for information The US Securities and Exchange Commission has subpoenaed at least three Nevada entity wagering funds and demanded information about their advertising and marketing practices, the identity of their investors, and their correspondence with business partners, regulators and other officials. Legal Sports Report 10/6/2016 ### As calls for legalized sports betting increase, so do Nevada's mobile and in-play handles The Global Gaming Expo in Las Vegas highlighted broad-based support from business leaders, law enforcement and former pro sports officials for a legal, regulated sports betting framework. However stakeholders choose to pursue legalization, lawmakers will need to design a regulatory construct that addresses the increasing role of technology in sports betting, specifically mobile and in-play wagering. CalvinAyre 9/19/2016 ### Entity betting struggles to gain foothold in Nevada Despite claims that it is going to become the next big thing in sports wagering, entity betting is off to a slow start in Nevada. The reason given is a lack of involvement among sports books. In June 2015 Nevada's entity betting law was signed, allowing out-of-state residents to wager, passively, with Nevada sportsbooks. Under the law Nevada-licensed sportsbooks are able to accept wagers from business entities representing pools of passive investors, a process that can be compared to investing in mutual funds. Las Vegas Review-Journal 9/17/2016 ### Entity betting off to slow start with Nevada sports books A new concept that allows businesses to place wagers on behalf of passive investors is failing to gain much traction with Nevada's sports books. PR Newswire 9/1/2016 ### Foundation announced for a sports wagering fund using quant strategies A Fort Worth venture is refining the foundation for a sports wagering mutual fund built on quantitative investment strategies. The fund is based on the passage of Nevada Senate Bill 443, which allows entity wagering. News 3 Las Vegas 8/25/2016 ### Sports betting pro wants you to invest in his skill A San Diego resident who lives part time in Las Vegas and has made a living on sports betting for four years now wants to legally take investors' money to the sports book and use it to make wagers. [Back to the desk](https://wagertraders.com/)