DraftKings said Wednesday it has launched its DK Horse betting app in 12 states and anticipates the rollout in additional states by May 6, the date of the Kentucky Derby. DK Horse allows eligible customers access pari-mutuel wagering on horse racing once they have registered and deposited funds into their accounts. The app also gives customers the ability to handicap races, stream video of races and obtain information about future races, DraftKings said.

Latest reports are saying that some owners in the National Football League (NFL) are interested in allowing institutional investors such as private equity firms and sovereign wealth funds to purchase stakes in their teams. Currently, no major US league allows private firms to own a majority share in a team, but many have found it to be a useful path to liquidate part of a team’s value. With team values rising, the number of potential buyers and minority owners has dwindled, leading some NFL executives to consider the idea of allowing institutional investors to buy stakes in teams. However, ownership rules are not on the agenda at this week’s NFL owners meeting, and any decision on this matter would likely not be implemented until next […]