The sports-betting company Mojo is laying off 20% of its staff. The A-Rod and Marc Lore-founded startup had previously announced $100 million in funding.

Mojo, the athletes-as-stocks platform that raised more than $100 million, has shuttered its signature sportsbook as part of a pending sale of its back-end tech. The company, whose cofounders ...

Thanks to Mojo, a stock market made up of athletes, you can! Here is how Mojo is paving the way for future sports investments.