Billionaire philanthropist John Arnold has spent years actually sticking to the Giving Pledge, which many others in his cohort have failed to follow through on. As of February, he and his wife, Laura, had donated more than $2.3 billion, mainly to criminal justice and education causes, according to Forbes.
But now Arnold Ventures, the foundation founded by the Arnolds, is going after an unsuspecting cause: sports betting. The foundation announced Tuesday it has awarded roughly $2.6 million in new research grants to 12 universities and think tanks studying the fast-growing sports betting industry.
