Adam Schefter’s Investment in Gambling Firm Under Fire

Adam Schefter is getting into the gambling business.

Adam Schefter’s latest investment is going through the wringer, as it may constitute a real conflict of interest. ESPN’s lead NFL reporter, Adam Schefter, recently invested in Boom Entertainment. The company develops sports and casino gambling apps, and it also is developing “real money gaming products.”

Bloomberg reports that ESPN declined to say whether it has a policy that outlines “ethically acceptable investments” for employees, or whether Schefter’s investment complies with any such policy.

Conflicts: As Disney and ESPN embrace gambling, one of ESPN's high-profile NFL analysts, @AdamSchefter, is investing with Patriots owner Bob Kraft in….a gambling company. Pro sports and companies like Disney once kept gambling at a distance. No longer. https://t.co/UZ3op6ChkF

— Tim O'Brien (@TimOBrien) September 23, 2021

ESPN declined to comment on whether “any social or business lines are getting crossed” as the lines between sports, media, and gambling continued to be blurred.

ESPN doesn't have a conflicts of interest policy, apparently. I asked and the network declined to comment. pic.twitter.com/Px56Mm9o8e

— Tim O'Brien (@TimOBrien) September 23, 2021

Wouldn’t be surprised if ESPN or Schefter issued a statement that he has cashed in his investment in Boom Entertainment.

Everyone wants a piece of the action, even Schefty, who already gets paid pretty well by the Mothership…

So a guy who peddles inside info & the owner of a franchise that skirts the rules invest in a gambling co and no one bats an eye at NFL HQ? Sure, makes sense. It’s not like Schefty would do anything shifty, right? And that Kraft is as upright a citizen as they come. pic.twitter.com/mFhT88CtMt

— Alf Goodall (@alf_goodall) September 23, 2021

This may be  one gamble Schefty can’t afford…

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