Was just wondering whether anyone knew whether it is possible to set up a hedge fund, or some sort of structure similar to a hedge fund, that primarily deals with sports betting?
Is such a fund legal in Australia?
I've done some basic research and it appears that such a fund is legal in the US, providing the bets are placed outside of the US or in Nevada where sports betting is legal.
Would appreciate any information/advice on the topic.
Thanks in advance.