A rogue among roguesMake no mistake about it: FTX’s crash is bad for everyone with so much as a toe dipped in crypto. There are banks that have gone bankrupt in the past, so why should that be different in the crypto space? “Crypto betting is legalized in several countries around the world, including Ontario in Canada. They’re using it as a payment; they’re not using crypto as an investment. This helps explain why Jed Nosal, a partner with the international law firm Womble Bond Dickinson, thinks FTX’s collapse will be but a blip on the radar of American sports bettors.

Source: Wall Street Journal November 21, 2022 19:22 UTC