Bad bit of bad news for the sector. >> Medical costs not under control here. All right.FBI director Cash Patel and the US attorney in Brooklyn holding a news conference right now related to the NBA and a federal gambling related investigation. Contessa Brewer has been listening in. Uh Contessa has some details.>> Yeah, this one is a doozy here, Mike. Uh what we know is that there are two separate investigations and indictments involving both of them. One is a sports gambling investigation and one is about i ...

Legal and Regulatory Concerns - The NBA and other sports leagues face increased scrutiny due to federal sports betting investigations, with potential criminal charges against players and coaches [1][2] - Legalization of gambling, particularly micro-betting, has created opportunities for corruption, as bets can be placed on specific in-game events, making it easier to manipulate outcomes [5][6] - Existing regulations prohibit players from gambling on their own sport, and violations can lead to severe penalties, including permanent bans [7][9] - There are ongoing efforts, particularly at the college level, to reform gambling regulations and prevent destructive micro-betting practices [13][14] Impact on Sports Integrity - Match-fixing and compromised games undermine the integrity of sports, eroding trust among fans and consumers who support the industry [9][10] - If fans lose faith in the fairness of games due to gambling-related scandals, it could lead to decreased viewership and investment in sports [12][13] - The combination of legal gambling and readily available betting platforms (e.g., mobile apps) has made it easier for individuals to place bets quickly, increasing the potential for corruption [15][16] Specific Cases and Examples - Miami Heat guard Terry Rozier and Portland Trailblazers coach Chanty Bilips are under arrest in connection with federal sports betting investigations [1] - Terry Rozier has been previously linked to unusual betting patterns surrounding his play during the 2023 season with the Charlotte Hornets [1] - Cleveland Guardians closer Emanuel Clase faced a gambling investigation, raising concerns about players influencing specific plays (e.g., first pitch) for betting purposes [5][7]

Breaking: The head coach of the Portland Trail Blazers and a Miami Heat guard were arrested in connection to a probe into illegal gambling in the NBA https://t.co/GGHqAHKiE5 ...

Portland Trail Blazers coach and Miami Heat player arrested in NBA gambling case https://t.co/ip0XbGNs0D ...

The NBA season tipping off this week with NBC's return to the hardwood. And joining us right now is Rich Kimman. He is 35 Ventures uh boardroom and boardroom co-founder.Uh great to see you, sir. Um this is by the way a big deal we should say for NBC. Um and I think it it I don't know how you think it's going to change the game, how we watch basketball.And then of course you have inside the NBA moving over to ESPN. is that for for you as a longtime uh fan and also of course agent uh to the one and only Mr. . ...

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The NFL voted to approve several deals worth billions of dollars, marking yet another record in sports team valuations https://t.co/QJjzLddfag ...

NHL Becomes First Major Sports League to License Trademarks to Prediction Markets► https://t.co/jKLkADTaaO https://t.co/jKLkADTaaO ...

The NHL is striking an official partnership deal with Koshi and Poly Market. This is the first major sports league to partner with the prediction market and joining us right now to talk about it is TK Mansour who is the CEO and co-founder of Kiy. And TK, thank you for joining us this morning.Um, this is a big deal. It's the first of the major sports uh leagues to actually sign a deal, sign a partnership like this. And I guess I wonder how how did this come about.Well, I I totally agree. You know, this is a ...

The National Hockey League has struck multiyear deals with Kalshi and Polymarket, becoming the first major American sports league to agree to work with the prediction market platforms https://t.co/lLNg8KkI9n ...