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Disney Isn't Gambling on Sports Betting, But Maybe It Should Be

The Walt Disney Co. (DIS) might not be wagering on sports betting now, but the opportunity may prove to be too big to ignore long term. Shares of the entertainment giant wavered in morning trading as concerns on spending on streaming platforms have come into focus. A shift in opinion from CEO Bob Iger in terms of sports betting could serve as a strong catalyst to bolster ESPN products and further the already impressive growth of ESPN+. That firm catalyst could serve to calm many reticent market minds to gamble on the stock after Tuesday's arnings report.


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