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How a Vegas Whale, and Many More, Tap Billions Meant for US Housing

(Bloomberg) As prices across the US climbed last year, Texas tycoon and legendary high-stakes poker player Andy Beal saw a chance to profit. All he needed was several billion dollars to wager on inflation.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Here’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Israel Latest: Hezbollah Fires Missiles as Leaders Head to CairoRinggit Fa ....

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