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Cuban says it's no worse than stock market

Updated: November 30, 2004, 9:18 PM ET
Associated Press

DALLAS -- Dallas Mavericks owner Mark Cuban says he plans to start a hedge fund, run by professional gamblers, to make bets on sporting events.

Cuban said a gambling hedge fund would be no worse than the stock market, which he compared to a Ponzi scheme, with some people trading on inside information and others buying stocks on emotion.

The outspoken NBA team owner, who made his fortune by selling his Internet company at the height of the dot-com boom, accused public companies of manipulating ...

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