It is very likely that Olympics may be postponed this year and maybe shifted to 2021.
it would most likely be postponed until a vaccine has been made and majority of the population has been vaccinated and the threat of the current virus is gone.
Do you think this decision is good for the sports and the players
yes, it is the best decision for this situation. the safety of all players and those who will watch the Olympics is the priority.
and how it will effect the sports betting business ?
the obvious thing is sport betting houses will have a reduced income during this pandemic. but overall? sports betting business will do just fine.