Thousands of sports fans who can’t gamble on their favorite teams are reportedly flocking to the stock market instead

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With no sport to watch live and bet on, gamblers are resorting to playing the stock market for a quick fix during the coronavirus pandemic. That’s according to the Financial Times, which reported on Wednesday that brokerages are seeing a sharp increase in account openings as sport fans seek new ways to gamble in the absence of any live sporting action. Three US brokerages, Charles Schwab, ETrade and Interactive Brokers together added 780,000 new customers in either March or April.  Rich Repetto, senior research analyst at Sandler O’Neill, said: “There’s no sports … so people are trading for

Read more    Source: businessinsider.com

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