NBA Player, Coach Arrested In Separate Gambling Scandals Summary Federal authorities announced the arrest of Miami Heat guard Terry Rozier and Portland Trail Blazers coach Chauncey Billups as part of two unsealed indictments tied to overlapping illegal gambling and sports-rigging schemes. The FBI and DOJ say roughly 34 people across 11 states were charged after […]
NBA head coach and player charged in sprawling sports betting and Mafia-backed poker schemes Summary Federal authorities arrested more than 30 people in two linked criminal cases that allege wide-ranging frauds involving rigged poker games run with Mafia involvement and manipulated sports bets. Portland Trail Blazers head coach Chauncey Billups is accused of taking part […]
Who are Chauncey Billups, Terry Rozier and Damon Jones? A look at arrested NBA player and coaches Summary Punchy: Three well-known NBA figures — Portland coach Chauncey Billups, Miami guard Terry Rozier and former Cavaliers assistant Damon Jones — were arrested in connection with a federal probe into illegal sports betting and rigged high-stakes poker […]
NCAA will allow college athletes to bet on professional sports starting Nov. 1 Summary The NCAA approved a rule change that permits college athletes and athletic-department staff to place bets on professional sports. The change — signed off by Division I, II and III councils — takes effect on 1 November 2025. The move does […]
Philippine e-wallet restrictions trigger 49% decline in PAGCOR revenue | Yogonet International Summary The Bangko Sentral ng Pilipinas (BSP) issued a directive on 14 August requiring e-wallets and digital payment providers to remove links or icons directing users to online gambling sites. PAGCOR says the move coincided with a sharp fall in revenue from online […]
Brazil to become world’s fifth-largest online betting market with $4.1B in 2025 revenue, reports BBC Summary Regulus Partners data obtained by BBC News Brasil projects Brazil will reach US$4.139 billion in online betting revenue in 2025, placing it fifth globally behind the US, UK, Italy and Russia. The country’s regulated market—formally overseen this year—has surged […]
Japan’s election of new prime minister Sanae Takaichi signals continuity on casino resort policy Summary Japan has elected Sanae Takaichi as the country’s first female prime minister. Backed by a coalition between the Liberal Democratic Party (LDP) and the Japan Innovation Party (Ishin no Kai), her government shifts further right but remains short of a […]
Kalshi draws investor interest at a reported $10 billion valuation amid rapid growth Summary Kalshi, the US prediction-market platform founded in 2018, is reportedly fielding investor offers that could value it at about $10–$12 billion, according to Bloomberg sources. This follows a recent announcement of a $300m round valuing the company at $5bn, and earlier […]
College athletes and staff cleared to bet on professional sports under new NCAA rule Summary The NCAA has approved a rule change allowing college student-athletes and athletic department staff to place bets on professional sports. Division I endorsed the proposal on 8 October, with Divisions II and III approving it on 22 October. The rule […]
When Should Boards Fight Summary Boards increasingly settle with activists to avoid costly, distracting proxy fights, but settlements often underdeliver and can create long-term risks. Analysis of 634 settlements from 2010–2024 shows companies typically lagged the S&P 500 by nearly 10% in TSR over three years after settling, except when a sale occurred within three […]
