More than 30 people now have been indicted after a lengthy federal investigation into illegal sports betting operations. «This is the insider trading scandal for the NBA,».
More than 30 people now have been indicted after a lengthy federal investigation into illegal sports betting operations. «This is the insider trading scandal for the NBA», FBI Director Kash Patel said Thursday at a press conference. The case will shake up professional sports in the US after teams rushed to cash in on business opportunities from rapidly growing sports betting, the New York Times reports. Federal officials said NBA players and coaches acted as sources of inside information for gamblers placing prop bets and other wagers on NBA games, per the Athletic.
