Joel Funk

It used to be that someone with limited financial resources had no chance of owning a quality race horse or even a fraction of one. That changed with the advent of MyRacehorse, which offers microshares in horses that can be bought for $100 or less. Now, there is a new player in the market, Morning Line. It, too, allows fans to buy into horses for only a few dollars. The difference is that a Morning Line customer is buying not just a horse, but a commodity that can be bought...

In a time where racing partnerships and syndicates are only growing in popularity, pushing for a transformation from "sport of kings" to expanded opportunities for racehorse ownership at a fraction of the cost, Morning Line Club (MLC) aims to push the envelope even further. Taking a unique approach to bring new people into the sport, MLC is the world's first horse racing club to develop a U.S. Securities and Exchange Commission (SEC) compliant marketplace for trading shares of Thoroughbred racehorses globally. Simply put, the platform will function like the largely...