All articles tagged with #illegal betting
Six former college basketball players from New Orleans, Mississippi Valley, and Arizona State are accused of manipulating games and sharing illegal betting information, leading to investigations and suspensions, with some players allegedly involved in plans to throw games and receive money for their actions.
Terry Rozier and Chauncey Billups are not being paid while on leave due to federal charges related to illegal betting, with Rozier's salary held in escrow pending case outcomes. The NBA and NBPA are contesting the decision, and Rozier's legal team claims he is innocent and that the charges are exaggerated.
Several NBA figures, including Chauncey Billups and Terry Rozier, were arrested in a nationwide crackdown on illegal betting rings and organized crime involving sports betting and high-stakes poker, with investigations revealing sophisticated cheating technologies and connections to organized crime families.
The FBI raided the home of Polymarket CEO Shayne Coplan as part of a criminal investigation into whether the prediction market platform accepted illegal bets from US users, violating a previous settlement with the Commodity Futures Trading Commission. Although Coplan was not arrested, the raid involved seizing electronic devices. Polymarket, which is banned from taking US bets, has been linked to political figures and faced allegations of market manipulation. The company denies wrongdoing and plans to return to the US market.
A Brooklyn man, Long Phi "Bruce" Pham, has been charged in an illegal sports betting scheme involving former NBA player Jontay Porter, who allegedly withdrew from games to influence bets. Pham was arrested while attempting to flee to Australia, and the scheme reportedly netted over $1 million. Federal prosecutors are investigating the case, which highlights the corrupting influence of such activities on professional sports.