NBA Calls on US Government to Tighten Regulations on Illegal Betting
Mark Tatum, Deputy Commissioner of the National Basketball Association (NBA), has urged the United States federal government to strengthen federal regulations to prevent professional athletes from engaging in illegal gambling and sports betting.
Tatum criticized current conditions that allow loopholes for athletes to place illegal sports bets but did not specify the reforms he suggests. He praised the existing legal gambling system for enabling data exchange and the detection of illegal betting patterns.
"We were able to identify violations in terms of accepting bets, and data from our partners allowed this case to gain publicity. We have always supported the federal regulatory framework, but it needs amendment," Tatum said.
Tatum highlighted the recent incident involving Jontay Porter, a center for the Toronto Raptors, who violated league rules by sharing confidential information with other sports bettors and placing bets on NBA games himself. One bettor received Porter's information and placed an $80,000 bet at an online bookmaker, winning $1.1 million. The unusual betting activity led to the freezing of the bet.
Despite Porter receiving a lifetime ban, his accomplices are being identified and charged. Long Phi Pham was arrested in New York. Brooklyn District Attorney Beon Peace stated that Porter contacted Pham and others, cautioning them about potential legal action.
The NBA's call for stricter federal regulations aims to bolster measures against illegal sports betting, ensuring integrity in professional sports and protecting against insider information misuse.
8 June 2024, 11:43
Betting
ESPN Bet Could Launch in New York by Weekend
24 September 2024, 08:30
Brazil sets deadline for unlicensed gambling operators
18 September 2024, 15:49
BetMGM Becomes General Partner of USA TODAY Sports
17 September 2024, 09:01
Flutter Entertainment buys more than 56% of Brazil's NSX Group
14 September 2024, 10:06
Three times more bets were placed on the Paris Olympics than on the Beijing Games
12 September 2024, 10:18
Endeavor Sells OpenBet and IMG Arena
11 September 2024, 17:20
Other news
Gambling adverts during football matches triple in UK
29 September 2024, 16:17
Merkur Group founder to step down as chairman after 67 years at the helm
29 September 2024, 09:22
Dutch players demand bookmakers refund their money
28 September 2024, 15:14
Flutter Enters Top 3 Largest Bookmakers in Brazil
28 September 2024, 10:08
DraftKings to Pay $200,000 Fine Over Social Media Post
27 September 2024, 15:41
Star Entertainment Group Reports Financial Downturn
27 September 2024, 10:54
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Flutter Entertainment aims to triple profits
26 September 2024, 09:19
Five social casino ads banned in UK
25 September 2024, 10:27
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
ESPN Bet Could Launch in New York by Weekend
24 September 2024, 08:30
EveryMatrix Appoints Former Entain Employee as Product Director
23 September 2024, 17:03
Articles
Why will the Snaitech deal double Flutter's market share in Italy?
26 September 2024, 16:00
Hiring Talent from Different Industries: Why and How?
26 September 2024, 09:09
The Social Casino Phenomenon: Real Money and Databases for Bookmakers
20 September 2024, 17:18
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
20 September 2024, 14:10
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Categories