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X @Bloomberg
Bloomberg· 2025-10-24 21:10
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]
X @The Wall Street Journal
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 ...
X @Forbes
Forbes· 2025-10-24 17:13
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]
Former Gambino crime family member reacts to mafia and NBA scandal
NBC News· 2025-10-24 02:52
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]
Pablo Torre REACTS after bombshell gambling arrests: ‘The dark present of the NBA’
MSNBC· 2025-10-24 01:58
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 ...
Former member of crime family explains Mafia's alleged involvement in gambling cases
NBC News· 2025-10-24 01:38
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]
X @BBC News (World)
BBC News (World)· 2025-10-23 23:44
Industry Trend - FBI's gambling case highlights the evolution of the mob, indicating a shift in their activities [1] - The mafia is not as powerful as it once was [1]
Inside the federal gambling case that ensnared Miami Heat guard Terry Rozier
NBC News· 2025-10-23 23:32
So, here's what the New York City police commissioner is is alleging when it comes to Terry Rosier. That he let others close to him know that he planned to leave the game early with a supposed injury. And thanks to that information, this is all alleged, members of the scheme placed more than $200,000 on his under statistics, which generated tens of thousands of dollars in profits that were delivered to Rosier at his home.For folks that don't necessarily know, how can someone actually make money off of, for ...
FBI: Mafia involved in NBA gambling scandal
NBC News· 2025-10-23 23:30
Tonight, NBA Hall of Famer and Portland Trailblazers head coach Chanty Bibs and Miami Heat star Terry Rosier have been placed on immediate leave by the NBA after their arrest today as part of a stunning gambling scandal. >> This is the insider trading saga for the NBA. >> Two schemes naming more than 30 people, according to charging papers, including four well-known mafia families in New York City.Your winning streak has ended. Your luck has run out. Violating the law is a losing proposition.And you can bet ...
Is Your Broker Turning Into Your Bookie? Robinhood, DraftKings And More Face Off In Prediction Markets Boom
Investors· 2025-10-23 19:19
Group 1 - The stock market is experiencing highs, driven by significant earnings reports and upcoming events involving the Federal Reserve and Trump-Xi relations [1] - There is a growing trend of speculation in financial markets, with new forms of speculation emerging that are not traditionally linked to financial markets [1] - Robinhood Markets is at the forefront of this trend, offering tools that allow investors to engage in various forms of speculation beyond just stocks [1] Group 2 - The rise of prediction markets on platforms like Robinhood may influence investment strategies and decisions [2] - The stock market is seeing a strong week, with indexes rising due to positive news related to Trump and a rebound in bank stocks [4] - Companies like Taiwan Semiconductor Manufacturing Company (TSMC) are leading the tech sector, indicating strong performance and potential investment opportunities [4]