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Fanatics Betting and Gaming is buying the U.S. operations of Australian sportsbook PointsBet for $150 million in a move that will help the sports apparel and memorabilia giant gain market share in the American sports betting and online casino markets. The companies said Sunday night that PointsBet shareholders will vote on the sale in late June. 

Kentucky Derby winner Mage has been installed as the 8-5 morning line favorite for the Preakness. He's the only horse in the field of eight set to take part in the second race of horse racing's Triple Crown two weeks after running in the Derby. It’s the first Preakness since 1969 with just one Derby horse.

A sports integrity monitor has launched a tool to help athletes, coaches and staff anonymously report suspicions about gambling activity to regulators and law enforcement. The tip hotline was announced by U.S. Integrity, a sports data integrity company that played a role in an ongoing investigation into possible wrongdoing involving the University of Alabama baseball team. 

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