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Sports Betting Contracts Are Securities, SEC Tells Court

By Mike Curley ( November 20, 2019, 1:03 PM EST) -- The U.S. Securities and Exchange Commission has told a Nevada federal court that investment contracts two felons issued when soliciting funds for an alleged $30 million sports betting scheme are considered securities, urging the court not to dismiss claims that the felons stole the collected funds for their own use....

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