WTA Ventures, Tennis Channel agree to a six-year rights deal through 2032
ST. PETERSBURG, Fla. — The women's professional tennis tour and Tennis Channel announced Wednesday they have a six-year rights deal for U.S. coverage of WTA tournaments through 2032.
The agreement with WTA Ventures does not include events held in the United States, which fall under other contracts.
The deal comes with four American women in the top 10 of the WTA rankings: No. 2 Coco Gauff, No. 3 Jessica Pegula, No. 6 Madison Keys and No. 10 Emma Navarro.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
23 minutes ago
- Time Business News
Anshoo Sethi's Vision Was Real: A Missed Opportunity
By PostSphere In the landscape of American entrepreneurship, vision is often a double-edged sword — celebrated when it succeeds, scrutinized when it stumbles. For Anshoo Sethi, a young entrepreneur from Chicago, that vision was nothing short of revolutionary: a first-of-its-kind zero-carbon hotel and convention center near O'Hare International Airport. At just 29 years old, Sethi proposed a sustainable infrastructure project promising tens of thousands of jobs and billions in long-term economic impact. But instead of receiving the support it deserved, the project was derailed by a federal investigation — not because investors raised red flags, but because a competitor in the EB-5 industry filed a whistleblower complaint to the SEC, falsely alleging the project was a sham. That competitor — who never invested in or supported the project — was awarded a $15 million payout from the federal government, despite presenting a distorted, incomplete version of the truth. A Real Project, Backed by Real Institutions What the public never fully learned is that this was not an idea on paper — it was a well-structured, institutionally backed development with real traction. Sethi was in active, weekly communication with Loop Capital, a prominent investment banking firm, which had agreed to underwrite the project's state-issued green bonds. Loop Capital not only engaged in ongoing discussions with the Illinois Finance Authority (IFA) on the project's financial structuring — they also issued a formal Letter of Interest (LOI) affirming their support and intent. Simultaneously, the City of Chicago had placed Sethi's project on its official agenda for a vote on valuable tax incentives — a vote that was scheduled to occur the same week the SEC issued its freeze order. Had the process not been interrupted, the tax package would have strengthened the economic viability of the project even further. Sethi had also assembled a team of legal and lobbying professionals experienced in state bond financing and large-scale tax incentives — further confirming the seriousness of the proposal. State-Level Endorsements and National-Level Impact The strength of the project's public credibility extended beyond the city. During a foreign delegation trip to Beijing, the Governor of Illinois met with Chinese EB-5 brokers and spoke openly in support of the project — only after his own staff conducted due diligence and verified the project's viability. According to state economic analysts, the project was expected to create over 15,000 direct and indirect jobs during construction alone, with long-term tax revenue from new convention activity far exceeding projections. The project's zero-carbon emission design was poised to attract large-scale events that had previously passed over Chicago due to outdated facilities. International Due Diligence and Broker Confidence More than once, Chinese EB-5 brokers flew to Chicago to assess the project. They met directly with: · The Vice Mayor of Chicago · Loop Capital's senior leadership · The project's hotel feasibility expert · And Sethi's full U.S.-based development team These brokers, after conducting independent due diligence, confirmed their confidence in the project's feasibility and long-term stability. Only then did they begin marketing to investors — many of whom received clear documentation on the project's structure and progress. The Filing Error That Undid Everything Yet despite all of this, a compliance error by Sethi's EB-5 attorneys set off a devastating chain of events. His legal team submitted expired hotel franchise agreements to USCIS without clarifying that the brands remained actively engaged and were waiting for project timing to finalize re-signing. That filing error — combined with the whistleblower's opportunistic complaint — led to the SEC's asset freeze. It would later be proven in court that these same EB-5 attorneys had a conflict of interest. They misrepresented key facts to USCIS, even though they knew the project's full timeline and status. Their intent? To sabotage the development and redirect investor interest into their own competing EB-5 offerings — a fact ultimately acknowledged in litigation. The Fallout While the legal process played out, the facts became clearer: · The judge acknowledged the project was real · Investors were refunded or offered rollovers · The only people who lost money were Anshoo Sethi and his family, who had personally funded early development costs and legal infrastructure Still, the media ran with a different narrative. And a green, job-creating infrastructure project — one with real city and state support — was left to die under the weight of false accusations and procedural breakdowns. Before sentencing, the federal probation officer assigned to the case conducted a thorough review of all available evidence, documentation, and interviews. Her final report made clear that there was no intent to defraud and recommended zero jail time. Although the court rules did not permit that recommendation, she urged the judge in her report to consider the minimum possible sentence — which ultimately resulted in just a three-month term in her report, far below the standard for white-collar prosecutions. What Could Have Been Had the filings been accurate, had the government sought clarity before action, and had the media waited for facts instead of speculation, the outcome might have been drastically different. Jobs could have been created. A sustainable landmark could have risen in Chicago. And Anshoo Sethi might have been known not for headlines — but for leadership. Instead, his vision was punished — not for being untrue, but for being ahead of its time, and vulnerable to sabotage by those who saw opportunity in its downfall. TIME BUSINESS NEWS
Business Insider
an hour ago
- Business Insider
This Is How the GENIUS Act Could Impact Stablecoin Giant Tether (USDT-USD)
The recently passed GENIUS Act could significantly impact Tether (USDT-USD), which is the company behind the world's largest stablecoin. The new legislation, which is awaiting final approval, would introduce strict regulations for stablecoin issuers that include detailed rules on financial disclosures and reserve transparency. As a result, Tether's current model could be at risk, as the bill targets companies that don't fully disclose the quality and composition of their reserves. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter If the law is enacted, stablecoin issuers would need to provide monthly, audited reports that show exactly what is backing their tokens. This requirement comes as regulators grow increasingly worried about the liquidity of certain reserve assets during times of market stress. Indeed, Tether's use of assets like bitcoin and gold (GLD) —combined with its limited transparency—could make it difficult for the company to comply with the new standards, according to a Wall Street Journal report quoting former federal prosecutor Scott Armstrong. While Tether does hold a large share of its reserves in U.S. Treasury bills, which are seen as highly liquid and safe, regulators remain cautious. This is because as stablecoins become more widely used, they could potentially create new risks in the short-term Treasury market. The GENIUS Act also requires stablecoin companies to register with U.S. regulators, unless they're based in a foreign country with similar oversight. Since Tether is headquartered in El Salvador, its ability to continue serving U.S. users may depend on whether American authorities view Salvadoran regulations as strong enough. Is COIN Stock a Good Buy? Although Tether might not benefit from the new GENIUS Act, crypto exchange Coinbase (COIN) looks like it might. As a result, Wall Street analysts have a Moderate Buy consensus rating on COIN stock based on 13 Buys, 11 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. However, the average COIN price target of $274.15 per share implies 22.9% downside risk following its recent rally.
Business Wire
2 hours ago
- Business Wire
The Future of Financial Services: SoFi to Offer Members New Crypto-Enabled Capabilities to Get Their Money Right
SAN FRANCISCO--(BUSINESS WIRE)--SoFi is expanding its one-stop shop for digital financial services with new crypto-powered capabilities that will enable members to borrow, save, spend, invest, and protect their money in entirely new ways. We're building a future where people can seamlessly send money around the world and have the tools and education to safely use crypto and digital assets to get their money right. SoFi is announcing the first of many planned crypto and blockchain innovations across our products and services: self-serve international money transfers and crypto investing, each expected to launch later this year. More people are turning to crypto than ever before to pay, invest, and transfer money faster, safer, and for a fraction of the cost of traditional methods. Today, it is estimated that nearly 3 in 10 American adults own crypto assets. Growing demand, fueled by expanded institutional investment and emerging regulatory clarity, is expected to drive more mainstream adoption of crypto and likely the start of another technology super cycle. To help more people benefit from these shifts, SoFi is announcing the first of many planned crypto and blockchain innovations across our products and services: self-serve international money transfers, also known as global remittances, and crypto investing, each expected to launch later this year. 'The future of financial services is being completely reinvented through innovations in crypto, digital assets, and blockchain more broadly,' said Anthony Noto, CEO of SoFi. 'We're accelerating our efforts to give members more choice and more control, whether they're investing, sending money across borders, or planning for their future. Crypto and blockchain innovations can and will be threaded through each of our businesses and capabilities, including buying, paying, saving, investing, borrowing, and protecting. And in doing so, we will continue to stand alone in offering our members unmatched products and services as the only digital one-stop shop for their financial needs.' Helping members send money across borders, faster and cheaper than ever More than $93 billion in remittances were sent abroad from the United States in 2023, according to the World Bank, underscoring the potential demand for international money transfers. Later this year, eligible SoFi Money members will be able to seamlessly and securely transfer money to people in dozens of countries, whether it's for supporting family abroad, making purchases outside the U.S., or managing their money across borders. These transfers will be fully automated in the SoFi app, at significantly faster speeds and lower costs compared to the multi-day waiting periods many experience today with traditional services, putting more money in people's pockets, faster. Members will be able to initiate a transfer in the SoFi app by entering the recipient's contact details and amount to send in U.S. dollars. Funds will be automatically transmitted on secure, well-known blockchain networks, converted into local currency at the destination, and rapidly deposited into the recipient's account, with full transparency on exchange rates and fees upfront, all available 24/7 in the SoFi app. Starting today, members can sign up to join a waitlist to receive access to SoFi self-serve international money transfers when they are available later this year. International money transfers will be the latest expansion of SoFi's unprecedented money movement offering, making it the only financial services company that will allow members to seamlessly send money via each of the following methods: Zelle ® Person-to-person payment with only a phone number or email Self-service wires ACH Self-serve international money transfers, once available SoFi-offered stablecoins, once available Crypto investing makes its comeback to SoFi Marking our return to crypto investing, SoFi members later this year will be able to buy, sell, and hold a selection of crypto currencies like Bitcoin and Ethereum. Over time, SoFi intends to offer stablecoins and a wide range of other services, such as providing members the ability to borrow against their crypto assets, expanding payment options, and introducing new staking features, as well as blockchain and digital asset infrastructure capabilities for other companies offered by Galileo, SoFi's technology platform. Members can sign up to join a waitlist to receive access to crypto investing once it is available. SoFi owns a nationally chartered bank, SoFI Bank, N.A. Today, based on interpretive letters 1183 and 1184 issued by the Office of the Comptroller of the Currency in March and May 2025, it is now permissible for nationally chartered banks to provide crypto custody and execution services on behalf of customers, hold dollar deposits serving as reserves backing stablecoins in certain circumstances, engage in certain stablecoin activities to facilitate payment transactions, and more. Thus, having a national bank license, as well as the vast technology expertise as a digital-only financial company, SoFi is uniquely positioned to bridge traditional financial systems and emerging technology, giving members the trust and confidence they deserve. We will innovate responsibly and in accordance with evolving U.S. regulations. About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 10.9 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 158.4 million global accounts. For more information, visit or download our iOS and Android apps. Disclosures Availability of Other Information About SoFi Investors and others should note that we communicate with our investors and the public using our website ( the investor relations website ( and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi's investor relations website and may include additional social media channels. The contents of SoFi's website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Cautionary Statement Regarding Forward-Looking Statements Certain of the statements above are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding our expectations for the launch of self-service international money transfers and crypto investing as well as future products, our ability to navigate the regulatory environment and receive any applicable regulatory approvals with respect to the products we plan to launch, demand for our products, our expectations regarding the future of financial services and the adoption of crypto, and the financial position, business strategy and plans and objectives of management for our future operations. These forward-looking statements are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as 'could', 'continue', 'expect', 'future', 'may', 'plan', 'will', 'will be', 'will continue', and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: (i) the impact on our business of the regulatory environment, changes in governmental policies, changes in personnel and resources of the governmental agencies that regulate us, and complexities with compliance related to such environment, including new and evolving regulations and guidance with respect to crypto; (ii) our ability to continue to drive brand awareness and realize the benefits of our marketing and advertising campaigns; (iii) our ability to manage our planned products effectively and our expectations regarding the development and expansion of our business; (iv) our ability to predict the demand for new products and the future of the financial services industry; (v) our ability to develop new products, features and functionality that are competitive and meet market needs; (vi) our ability to maintain the security and reliability of our products; and (vii) the outcome of any legal or governmental proceedings instituted against us. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties set forth in the section titled 'Risk Factors' in our last annual report on Form 10-K and subsequent quarterly filing on Form 10-Q, as filed with the Securities and Exchange Commission, and those that are included in any of our future filings with the Securities and Exchange Commission. These forward-looking statements are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. ©2025 SoFi Technologies, Inc. All rights reserved. SOFI-F
