Congress wants answers from the NBA on the gambling scandal that has rocked the sports world. The House Committee on Energy and Commerce is asking for a briefing from NBA Commissioner Adam Silver by the end of this week. Joining us now with more on how the scandal will impact the league's global brand and reputation is America's Reed Wharton School professor of marketing and a CNBC uh contributor.Professor, it's uh it's good to see you. Um, I don't know whether you know any more than we know, but um, is thi ...

Reports from 60 Minutes' archives about sports betting and gambling. #news #sports #gaming 0:00 Intro 0:11 Tim Donaghy (Part 1) - 2009 13:16 Tim Donaghy (Part 2) - 2009 23:04 The Mismatch - 2024 36:16 It's a gamble - 1986 50:29 Odds Are - 1993 1:02:57 Betcha - 1997 1:15:49 Any Given Sunday - 2001 1:28:45 Illegal and Thriving - 2006 1:40:59 The Big Gamble - 2011 1:53:45 All Bets are on - 2019 2:06:49 Andy Rooney on gambling - 2010 "60 Minutes" is the most successful television broadcast in history. Offering ...

Scandal Overview - NBA Commissioner Adam Silver expresses deep concern over gambling fraud charges, emphasizing the importance of integrity to the league and its fans [1][2] - More than 30 individuals face charges related to money laundering and wire fraud, including accusations of fixing high-stakes poker games with sophisticated technology [2] Individuals Involved - Former Cleveland Cavaliers guard Damon Jones and Hall of Fame Portland Trail Blazers head coach Chanty Bilips are implicated in the federal probe and were released on bond [3] - Miami Heat guard Terry Rosier is charged in an alleged criminal betting scheme involving the trading of insider information about NBA players and teams [3] League Response - Bips and Rosier are placed on immediate leave while the league investigates the incidents [4] - The NBA acknowledges the increased entanglement of professional sports with gambling and the need for mindfulness regarding appropriate conduct [4] External Scrutiny - Congress has issued a bipartisan letter requesting Adam Silver to brief them on the scandal next week [5]

Industry Risk & Regulation - Gambling industry has a history of attracting criminals [1] - Legalized addictive betting can lead to illegal activities [1] - There's a reason Congress initially tried to ban gambling [1] - The public may be rediscovering the reasons for the initial ban attempt [1]

Legal & Ethical Concerns - The NBA betting scandal involves accusations of former players conspiring with the Mafia to defraud gamblers in private poker games [1] - The scandal raises the question of whether cheating in an illegal game constitutes a crime [1]

An NBA coach and an active player are arrested in an FBI gambling investigation. A public routinely bombarded by betting advertising—and @jasongay—asks: What did anyone expect? https://t.co/1nKUFwh4Af ...

Gambling Scandal - The report highlights a bookie at the center of the Ohtani scandal, focusing on why athletes engage in gambling [1] Sports Industry - The sports industry is concerned about the potential risks and implications of athlete gambling scandals [1]

Organized Crime & Gambling - The mafia has been involved in gambling for the last 100 years [2] - Gambling is considered an "easy pinch" for the mob, carrying lighter sentences than violent crimes [3] - The mob has a history of involvement in sports, including fixing matches [4] - Advanced technology is now being utilized by the mob in their operations [7] Mafia Structure & Operations - Multiple mafia families get involved when a racket is large and involves a lot of money [8] - The involvement of four families indicates a "huge racket" [8] - The investigation likely originated in the Eastern District of New York [8]

CRAFT. >> OVER THE LAST FEW YEARS, WITHOUT ANYONE EVER SORT OF COMING TOGETHER AND AGREEING, THIS IS HOW IT'S GOING TO BE. LEGALIZED GAMBLING HAS INFILTRATED EVERY CORNER OF AMERICAN SPORTS LIFE.IT'S ON EVERY BROADCAST, IN EVERY APP AND EVERY COMMERCIAL ON THE PHONES OF MILLIONS OF FANS. EVERYONE IS STREAMING AND BETTING, AND IT IS ONLY BEEN A MATTER OF TIME BEFORE SOMETHING BLEW UP. AND IT JUST DID.AT A THURSDAY PRESS CONFERENCE IN NEW YORK. FBI DIRECTOR KASH PATEL ANNOUNCED MORE THAN 30 ARRESTS IN WHAT HE ...

Mafia Activity & Scope - The involvement of multiple families indicates a large-scale operation, similar to past rackets involving gasoline, concrete, and energy-efficient windows [3] - Such multi-family involvement typically occurs when the operation involves multi-millions of dollars, making it too large for a single family to control [3] - The current case involving at least five families suggests a significant resurgence or expansion of mafia activity [1] Technological Adaptation - The mafia adapts to modern technology, employing tech-savvy individuals to execute their schemes [2][3] - Advanced technology is utilized in scams, moving beyond traditional methods like card scams with holes in the ceiling [2] Operational Structure - The individuals directly involved in executing the schemes are often not high-ranking members but rather technology experts hired for their skills [2][3] - The scope of the operation is substantial, as evidenced by the involvement of four families [3][4]