Story perspectives

Arnold Funds $2.6 M Research on $25 B Betting Industry

7/7/2026

Summary

Story summary

John Arnold is providing $2.6 million in university grants to study online sports betting and prediction markets.
Arnold Ventures awarded the grants to researchers at Princeton, the University of Pennsylvania, and the University of Wisconsin.
The sports betting industry earned $16.96 billion in 2025 while prediction-market volume reached $24 billion by April 2026.
Arnold urged state legislators to adopt stronger guardrails as Congress debates bills to ban sports prediction contracts and limit advertising.

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Story summary

John Arnold is providing $2.6 million in university grants to study online sports betting and prediction markets.
Arnold Ventures awarded the grants to researchers at Princeton, the University of Pennsylvania, and the University of Wisconsin.
The sports betting industry earned $16.96 billion in 2025 while prediction-market volume reached $24 billion by April 2026.
Arnold urged state legislators to adopt stronger guardrails as Congress debates bills to ban sports prediction contracts and limit advertising.