"Miami Heat player Terry Rozier and Portland Trail Blazers head coach Chauncey Billups were arrested yesterday over their alleged involvement in illegal sports gambling and rigged poker games, according to two separate but related federal indictments that were unsealed. The cases, which involve dozens of defendants spread across multiple states, illustrate the delicate relationship sports leagues have with the sportsbooks that pay them millions in sponsorship deals but also pose a potential reputational risk."
"According to one of the indictments, Rozier and others allegedly shared non-public information about players' injuries or teams' lineups. A group of bettors used that info to place wagers. In some cases, there were "faked injuries to fraudulently manipulate bets on games," NYPD Commissioner Jessica Tisch said. In short, insider trading, but make it sports betting. This isn't the NBA's first brush with a scandal since the federal ban on sports gambling was lifted."
Federal indictments unsealed allege Miami Heat player Terry Rozier and Portland Trail Blazers head coach Chauncey Billups participated in illegal sports gambling and rigged poker games. Dozens of defendants across multiple states are named, with claims that non-public information about player injuries and team lineups was shared to influence wagers. Investigators allege some bets were manipulated through faked injuries. The cases highlight financial ties between leagues and sportsbooks and pose reputational risks. The NCAA's upcoming decision to allow college athletes to bet on professional sports raises concerns about expanded gambling-related vulnerabilities.
Read at Business Insider
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