"The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting has drawn new scrutiny of the booming business of professional sports gambling across the U.S.Since widespread legalization, the multibillion-dollar industry has made it easy to place wagers on everything from the outcome of games to that of a single play with just a few taps of a cellphone."
"It's just about impossible to go to a basketball, football, baseball or other pro game today - or watch a matchup on TV - without seeing ads for sports betting.Fans can place wagers from their stadium seats, while "Bet" tickers scroll on TV sports broadcasts. Star athletes are frequently at the center of ads promoting it all. In Thursday's indictment, federal investigators accused Rozier and other defendants of breaking the law by exploiting private information about players to win bets on NBA games."
Federal prosecutors arrested more than 30 people, including NBA guard Terry Rozier, on charges tied to illegal sports betting and alleged exploitation of private player information to win wagers. A separate indictment accuses Portland coach Chauncey Billups and others of conspiring to fix high-stakes card games. Legalized sports wagering has expanded rapidly since a 2018 Supreme Court ruling, enabling in-stadium and online bets and widespread advertising featuring star athletes. Regulators face enforcement challenges while experts warn typical gamblers lose money. Professional leagues' promotion of betting raises concerns about conflicts of interest and the integrity of competition.
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