Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    The Lowest Consumer Sentiment EVER

    May 31, 2026

    CNN Doctor Sounds Off On Trump’s Cognitive Test Results

    May 31, 2026

    19 Male Celebrities Got Honest About Body Dysmorphia

    May 31, 2026
    Facebook X (Twitter) Instagram
    Trending
    • The Lowest Consumer Sentiment EVER
    • CNN Doctor Sounds Off On Trump’s Cognitive Test Results
    • 19 Male Celebrities Got Honest About Body Dysmorphia
    • IntuitionLabs – Company Profile – AllBusiness.com
    • Disney World Character Actor Reveals Backstage Secrets
    • Bill Maher Mocks Desperate Trump Moves Amid ‘Lowest’ Approval: ‘I’m Not Making That Up’
    • This $17 Neck Stretcher Helps Relieve Chronic Pain
    • Does Roast Beef Go Bad? Deli, Whole Roast, and Leftovers
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      IntuitionLabs – Company Profile – AllBusiness.com

      May 31, 2026
      Read More

      Founders seize on Indian court ruling to revive criticism of Google’s ad business

      May 30, 2026
      Read More

      Digisutra Solutions – Company Profile

      May 30, 2026
      Read More

      Slate Auto will announce pricing and take preorders for its EV on June 24

      May 29, 2026
      Read More

      Airbnb-backed WeRoad raises $58M to take its group travel platform to the US

      May 27, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Business»In Latest Gambling Scandal, Some See Glimpse of Sports’ Future
    Business

    In Latest Gambling Scandal, Some See Glimpse of Sports’ Future

    By Staff WriterApril 22, 20247 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bill Bradley, the basketball Hall of Famer and former United States senator known as a staunch opponent of legalized sports betting, was speaking about the topic back in January. But he might as well have been predicting the future.

    “Well there hasn’t been a scandal, yet,” he said, discussing how professional sports have become ever more entwined with the gambling industry in recent years. “So the worst has been avoided, but all of the conditions are there for the untoward to occur.”

    On Wednesday, the National Basketball Association confirmed the untoward had occurred, issuing a lifetime ban to Jontay Porter, a seldom-used backup forward for the Toronto Raptors. The league said Mr. Porter wagered money on his own team to lose, pretended to be hurt for betting purposes and shared confidential information with gamblers.

    “There is nothing more important than protecting the integrity of N.B.A. competition for our fans, our teams and everyone associated with our sport,” Adam Silver, the league’s commissioner, said in announcing Porter’s punishment.

    There are those who worry that Porter is just the tip of the iceberg across American sports, and that unless everyone — leagues, players, unions, politicians, betting companies — gets together to prevent further betting scandals, the very viability of professional sports is at risk. The Porter case was all the more unsettling because it came just weeks after baseball’s biggest star, Shohei Ohtani, was connected to a gambling scandal when his longtime interpreter was accused of stealing millions of dollars from him to pay an illegal bookmaker.

    “When sports lose the perception that they’re honest, their sport dies,” said Fay Vincent, the former Major League Baseball commissioner who played a key role in barring Pete Rose, the career hits leader, from the sport for life in the 1980s because he bet on his own team’s games.

    Sports leagues and gambling companies argue that betting will take place whether or not the law allows it, so legalizing and regulating it protects the games by making it much easier to identify suspicious wagers. (Gambling on sports is now legal in 38 states.) That is what the N.B.A. said happened with Porter. Suspicious wagers on a game involving Porter were brought to the N.B.A.’s attention, according to the league, “by licensed sports betting operators and an organization that monitors legal betting markets.” A few weeks later he was gone from the sport.

    Porter’s agent did not respond to a request for comment.

    However, if not for the significant size of the bet, it is not clear that any actions by Porter would have been detected.

    About 15 people in the N.B.A.’s offices and four or five lawyers are involved in the league’s efforts to educate players about its gambling policies, and to monitor and enforce those policies. The league has relationships with private organizations that monitor gambling, such as U.S. Integrity and Sportradar, as well as state gambling regulators and betting operators, all of whom can alert the league to suspicious activity that might involve players or other league or team personnel.

    The N.B.A.’s investigation found that somebody associated with Porter bet $80,000 that, essentially, he would perform poorly in a game on March 20. These kind of wagers, known as prop bets, are not directly related to the outcome of the game. Instead they are wagers on specific in-game possibilities, like whether a player will score a certain number of points. Prop bets are often combined into a single wager called a parlay. Such bets have extremely low odds, but give high payoffs if successful.

    Against the Sacramento Kings on March 20, Porter played just three minutes before leaving with what the team said was an illness. The $80,000 bet on his performance by his associate would have resulted in a $1.1 million payout if the suspicious activity hadn’t been detected, the league said.

    There are few sportsbooks in the country that would even take an $80,000 bet on a prop parlay, let alone one involving a player like Porter.

    The N.B.A. said its investigation also found that, from January through March, Porter placed “at least 13 bets on N.B.A. games using an associate’s online betting account.” Three of the bets were multigame parlays that involved Raptors games — he did not play in any of those games — and all were bets that the Raptors would lose.

    Demo

    Porter was a marginal player in the N.B.A., not necessarily the type who could be guaranteed to affect whether his team won or lost. But the individualized nature of many prop bets means more players are able to have a more direct impact on whether a wager is successful. The president of the N.C.A.A. has said that he would like to ban prop bets involving college athletes.

    Mr. Vincent said he was not particularly confident that the current legal apparatus around sports gambling — consisting of different league regulations and varied state laws — combined with a public mostly excited to pull out their phones and bet $10 on a game, was an effective system to prevent or catch all problematic wagers. The N.B.A., like most professional leagues, has pushed for a federal law that would regulate all sports gambling in the United States, though that does not seem likely in the near term.

    “I’m 85 years old so I won’t be around, but I don’t think the next 20 or 30 years is going to be a pretty story about gambling in the sports world because the money is going to be so enormous, and wherever the money is enormous the corruption follows,” he said.

    The N.B.A. spends a lot of time educating its players on the rules around betting, especially the prohibition against wagering on basketball. The league does not allow the gambling companies it partners with to offer bets on its development league, the G-League, because it does not want to open up the possibility of players making less money than those in the N.B.A. being tempted to wager on their own sport. Last year, players in the National Football League and the National Hockey League were suspended for violating betting rules.

    And yet Porter, who received these trainings and earned around $2.7 million in his N.B.A. career, which began in 2019 — and whose brother, Denver Nuggets wing Michael Porter Jr., will earn $33 million this season — still risked banishment.

    Jontay Porter posted often on social media about trading stock options and cryptocurrencies, and co-founded a company to teach others to do the same. Devin Mills, a professor in Texas Tech University’s Department of Community, Family and Addiction Sciences, said it was not uncommon to see those interests overlapping with sports betting.

    Mills said sports betting, similar to trading stock options and cryptocurrencies, was associated “with this kind of this characteristic where individuals study and really think they can beat the system because they know the game, they know the players, and there is some sort of trend analysis.”

    Trading options, speculating on cryptocurrencies and betting on sports are all activities that can now be accomplished with a few clicks on a smartphone. They have all exploded in popularity in the last few years, especially with younger men who spend a lot of time online.

    It is the crux of the problem for professional sports leagues, which encourage their fans to bet at the same time that they warn their players away from it.

    “Do we have to help them identify an alternative activity to stimulate their mind and emotions, so they aren’t seeking the rush through betting?” Mills said.

    Jenny Vrentas contributed reporting.

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleA Bill to Limit Canada’s Trade Negotiators on Farm Goods Edges Nearer to Law
    Next Article How United Airlines uses AI to make flying the friendly skies a bit easier

    Related Posts

    Investors See No Let-Up In Bond Market Strain

    May 20, 2026
    Read More

    Elon Musk Loses Lawsuit Against OpenAI, Sam Altman

    May 19, 2026
    Read More

    Eric Trump, Who Runs the Family Business, Hops Along on the Plane to China

    May 14, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Ventive Hospitality Joins Green Fins: Strong ESG Lift

    February 17, 2026211
    Don't Miss
    Investment

    The Lowest Consumer Sentiment EVER

    By Staff WriterMay 31, 20265 Mins Read

    Here’s a chart for you: Consumer sentiment readings go all the way back to the…

    Read More

    CNN Doctor Sounds Off On Trump’s Cognitive Test Results

    May 31, 2026

    19 Male Celebrities Got Honest About Body Dysmorphia

    May 31, 2026

    IntuitionLabs – Company Profile – AllBusiness.com

    May 31, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    The Lowest Consumer Sentiment EVER

    May 31, 2026

    CNN Doctor Sounds Off On Trump’s Cognitive Test Results

    May 31, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.