Securities Linked to the Performance of Tiger Woods - Not Such a Long Shot

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Authors
Macchiarola, Michael C.
Issue Date
2009
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Journal Article
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FIRST PARAGRAPH(S)|A significant and growing number of the millions of Americans who watch Tiger Woods tee it up on any given weekend are likely to have an economic interest in his performance. In America, sports wagering has enjoyed a sharp rise in recent years to the point where betting on sporting events has become a socially acceptable leisure activity|Many experts have examined the disparate legal treatment that gambling and investing have been afforded under the federal laws of the United States. At least one commentator has posited that "there should be greater parallel in applicable regulatory structures [between gambling and investing]. " However, far less attention has been devoted to suggesting a framework that accomplishes such a parallel regulatory structure and, at the same time, protects the interests of all stakeholders. This Article contends that such a structure already exists under the federal securities laws. Furthermore, this Article contends that a significant portion of the sports wagering activity in the United States could be neatly and effectively regulated under the existing federal securities law regime...
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42 Creighton L. Rev. 29 (2008-2009)
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Creighton University School of Law
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