2 hours ago<x0) The investigation into the NBA highlights rapid rise in sports betting
Periskopi(8 months ago)
(8 months ago)A broad investigation of The FBI has led to the arrest of over 30 people, including NBA players and prominent figures, among them the Miami Heat star Terry Rosier, under a large scheme for illegal sports bets. This development has brought the multibillion - dollar industry back to the spotlight. [...]
This development has brought back to the spotlight the multibillion-dollar sports betting industry in the United States, which has expanded significantly since its legalization in 2018.
According to the indictment, Rosier and other people are accused of using confidential information to win bets at NBA matches. His lawyer stated that client “is not dependent on bets” and will fight to prove innocence”.
A special indictment includes the coach of Portland Trail Blazers, Chancey Billups, who is accused of manipulating high-value cards. He has flatly denied the accusations, citing himself as the integrity keeper”.
After the U.S. Supreme Court ruling in 2018, which lifted the federal ban on sports betting, this market has expanded to 38 countries and Washington, D.C., with a $10 billion profit in the first nine months of this year, according to reports by American Gaming Association.
Platforms like DraftKings and FanDuel have enabled fans to place bets on the phone, even during stadium matches. But experts warn that the risk of addiction and manipulation of results is increasing significantly.
The FBI investigation comes as India has also taken drastic measures to make online betting, halting lucky platforms in August 2025. The Indian government announced that companies had won 2.3 billion dollars annually from 450 million users.
The ban directly hit the sponsor of the national cricket team, Dream11, one of the largest platforms of “fantasy sports” in the country.
