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NBA strikes betting data deals with Sportradar, Genius Sports

Key Points
  • The National Basketball Association (NBA) struck its first betting data partnerships, allowing Genius Sports and Sportradar to distribute data to licensed sports betting operators in the United States.
  • The partnerships cover official betting data for all NBA and WNBA games, including the preseason, regular season and playoffs, the NBA said on Wednesday.
The NBA Playoffs logo and Official Spalding Balls before a game.
Andrew D. Bernstein | National Basketball Association | Getty Images

The National Basketball Association (NBA) struck its first betting data partnerships, allowing Genius Sports and Sportradar to distribute data to licensed sports betting operators in the United States.

The partnerships cover official betting data for all NBA and WNBA games, including the preseason, regular season and playoffs, the NBA said on Wednesday.

For years, the four major U.S. professional sports leagues fought states' efforts to legalize sports betting, arguing it would lead to game fixing.

But in May, the U.S. Supreme Court threw out a federal ban against sports betting, paving the way for states to legalize, regulate and tax the activity.

Genius Sports and Sportradar will also be authorized to distribute betting data products on a real-time basis to licensed sports betting operators and platform providers.

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Markets

Wynn Resorts shares plunge 15% after CEO sees 'slowdown' in Macau

Key Points
  • Shares of Wynn Resorts nose-dive after the CEO says casino operator is seeing a "slowdown" at its Macau location.
  • CEO Matthew Maddox says it's affected "in particular, in the premium end of the business." 
  • Shares of Wynn were down more than 30 percent in 2018 even before the company's third-quarter results.