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Stock impact report

Ohio Gov. Mike DeWine signed a law legalizing sports betting. Now he says he's opposed to it. [CBS News]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: CBS News
With two Cleveland Guardians pitchers and an Ohio-born guard for the Miami Heat snared in separate betting-related criminal probes, the second-term Republican says he now "absolutely" regrets unleashing this unbridled new industry on Ohioans with his 2021 signature. "Look, we've always had gambling, we're always going to have gambling ," DeWine told The Associated Press last week. "But just the power of these companies and the deep, deep, deep pockets they have to advertise and do everything they can to get someone to place that bet is really different once you have legalization of them." His comments reflect a reckoning that's unfolding across sports and politics as sports betting becomes more ingrained across much of the U.S. The wave of legalization in recent years unleashed a massive industry centered around betting and, more recently, a wave of investigations and arrests tied to allegations of rigged games. It's a dynamic that DeWine says he doesn't think lawmakers fully ant Show less Read more
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