Compared to Dallas Mavericks owner Mark Cuban, NBA bad boy Ron Artest might be Commissioner David Stern's best friend. So Cuban's plans for a gambling hedge fund might not be any more than one. The concept is as old as horse-betting. However, it has mostly been done illegally, mostly creating the outcomes themselves. Still there are others who have bet on. Billionaire Mark Cuban isn't so keen to set up a gambling hedge fund, after all. Nearly a year since he first floated the idea of a sports gambling fund, Cuban says he's given up on the idea.
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