ARENA Sports Index is a simulation and educational tool only. It is not a registered broker-dealer, investment adviser, or financial exchange. No actual securities are offered, sold, or traded. All share prices, portfolio values, gains, and losses are entirely fictional. Team valuations are derived from third-party estimates (Forbes, Sportico) and may differ materially from actual transaction values. Nothing on this site constitutes investment advice. ARENA Sports Index is not affiliated with, endorsed by, or connected to the NFL, NBA, MLB, NHL, MLS, EPL, Formula 1, PWHL, WNBA, or any professional sports league or franchise. Team names and trademarks are property of their respective owners.