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The sports billionaire threatening to upend Wall Street
Mark Walter, a sports billionaire, built his empire using a strategy that involved leveraging insurers. This much-copied business strategy has recently drawn regulatory scrutiny, especially amid suggestions of upending Wall Street.
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- US probes insurers owned by billionaire Mark Walter over asset disclosures
- US authorities probe Mark Walter’s insurance empire
- Walter insurers paid millions of dollars to credit rating provider Egan-Jones
- Sports betting takes a financial toll
- Billionaire John Arnold has already donated nearly half his wealth. Now he’s funding a hunt for the health risks of sports betting.