"Professional-sports leagues would like you to believe they have the gambling problem under control. They have hired high-tech security companies to monitor wagers at a granular level and implemented sophisticated algorithmic systems to spot unusual gambling activity, ensuring that no athlete would be foolish enough to wager on a game. But they are clearly no match for the highly addictive, always-intriguing prop bet."
"Yesterday the sports world welcomed yet another gambling scandal. This time, it allegedly involves an NBA player, a former player with connections in locker rooms, a well-known head coach, more than two dozen other individuals, and, in a bit of a throwback twist, the Mafia. According to the Department of Justice, the former player sold inside information to gamblers about players' medical status"
Professional sports leagues claim to control gambling by hiring high-tech security firms, monitoring wagers at granular levels, and deploying algorithmic systems to flag unusual activity. Those systems struggle against prop bets, which are highly addictive and easier to manipulate. The Department of Justice alleges an NBA scandal involving a current player, a former player with locker-room connections, a prominent head coach, more than two dozen individuals, and Mafia ties. The DOJ alleges the former player sold inside medical information while Terry Rozier fixed his individual performance in a March 2023 game so others could profit by betting the under. FBI Director Kash Patel called the arrests "wide-sweeping" and "historic." Since the 2018 Supreme Court ruling legalized widespread mobile wagering, prop-bet manipulation and gambling scandals have increased.
Read at The Atlantic
Unable to calculate read time
Collection
[
|
...
]