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In the wake of the shocking arrests of Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier Thursday in connection with a federal investigation into sports betting and illegal gambling, we are learning of another arrest. Scroll down for all the latest headlines from the world of gambling and sports as well as our top trending stories and searches.
Former 11-year NBA player Damon Jones was also arrested Thursday amid charges that he allegedly disclosed privileged injury information about a "prominent" basketball player to facilitate illegal sports betting, authorities announced.
LeBron James was the prominent player, a source close to James told ESPN.
In total, 34 individuals were arrested on Thursday.
From ESPN:
The investigation outlined two separate cases -- one on illegal sports betting and another on rigged poker games involving the Mafia, authorities announced.
Jones was an unofficial, unpaid part of former Los Angeles Lakers coach Darvin Ham's staff and is no longer with the team under current Lakers coach JJ Redick. Ham invited Jones to be a part of team activities after James spent the summer of 2022 with Jones present for many of his offseason workouts.
James was unaware that Jones, his former teammate and assistant coach with the Cleveland Cavaliers, was involved in gambling activity when Jones spent time around James and the Lakers during the 2022-23 season,
BetOnline Brand Manager Dave Mason's offered his take on Thursday's stunner.
"Unfortunately we aren't surprised about the Terry Rozier and Damon Jones arrests. With the increased interest in props betting and Same Game Parlays over the last handful of years, it's opened the door for this type of behavior. We've been surprised about the high limits some newer books offer on these types of wagers. This is a big reason why we don't offer super-high limits on player props as it can open the door for people with inside information betting on a particular side."
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Continuing Coverage of Thursday's Sweeping Arrests in High Profile Gambling Ring Leading to Arrests of NBA Players, Coach
- BetOnline Brand Manager Dave Mason's Take on Sweeping Arrests: Coming Soon - Stay Tuned(Go Here to Listen) (Go Here to Watch)
- FBI Arrests 30+ in NBA Gambling Ring Tied to Mafia and Game Rigging - The FBI arrested over 30 individuals, including Miami Heat guard Terry Rozier, Portland Trail Blazers coach Chauncey Billups, and former NBA coach Damon Jones, in a multi-year investigation spanning 11 states that uncovered illegal betting on rigged NBA games and mafia-backed poker operations. Authorities revealed schemes involving insider injury information, manipulated player performances, and rigged equipment like X-ray tables, generating millions in illicit profits funneled to organized crime families such as the Bonanno and Gambino. The NBA placed the implicated players and coaches on administrative leave and is cooperating with federal investigators amid its expanding legal sports betting partnerships.
- Mafia Rigged Poker Games? The Lucchese, Bonanno, Gambino and Genovese mafia families were allegedly involved in backing rigged poker games to scam victims out of hundreds of thousands of dollars, officials announced.
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(Cryptocurrencies, Crime) - Trump Pardons Binance Founder Changpeng Zhao Amid Crypto Ties - President Donald Trump pardoned Changpeng Zhao, founder of cryptocurrency exchange Binance, on Wednesday, nullifying his 2023 conviction for anti-money laundering violations and four-month prison sentence. The White House described the pardon as a rejection of the prior administration's cryptocurrency crackdown, aligning with Trump's plans for a national Bitcoin reserve and reduced regulations. Reports connect the decision to Binance's support for the Trump family's World Liberty Financial venture, with critics alleging quid pro quo while crypto leaders praise it as a boost for innovation; BNB rose 5% following the announcement.
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(Gambling News) - NBA Commisioner Speaks Out Agains Player Performance Prop Bets - Once a vocal supporter of legalizing sports betting, NBA Commissioner Adam Silver is now calling for stronger regulation to safeguard the integrity of the game, protect players, and curb the negative behaviors tied to betting. (source: Gambling911) -
Chris Costigan, Gambling911.com
