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Billionaire John Arnold commits $2.6 million to study online sports betting risk

John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.

cnbc.com logo
Jul 7 • 6:00 AM EDT • Sports • cnbc.com
Billionaire John Arnold has already donated nearly half his wealth. Now he’s funding a hunt for the health risks of sports betting.

The foundation John Arnold runs with his wife, Laura, is funding 12 university studies on how online sports betting affects users' finances, mental health, and family life.

fortune.com logo
Jul 8 • 2:59 AM EDT • Sports • fortune.com