Chernin to Court Sports Bettors With New Data and Analysis Service – Wall Street Journal

Betting on sports isn’t legal in most of the U.S., but that isn’t stopping entrepreneurs from building a new digital media platform that will be solely dedicated to the practice.

Media and technology firm Chernin Group, led by media mogul and investor Peter Chernin, said it acquired three sports betting- and fantasy sports-data sites that will combine to a form a new venture called Action Network. The new platform will be a subscription service that gives sports bettors access to data and analytical tools, along with articles,…