All articles tagged with #inside information
The Massachusetts Gaming Commission is investigating Cardinals director of college scouting Ryan Gold amid an Arizona Department of Gaming inquiry into inside-information and betting patterns; Gold’s attorney denies wrongdoing and an appeal is scheduled for September 23.
The NFL suspended Cardinals director of college scouting Ryan Gold indefinitely, effective immediately, after determining he provided non-public information about draft selections and placed parlay bets on NFL and college games; the league said the gambling policy applies to all personnel and, although there’s no evidence any game’s integrity was affected, it will enforce it and Gold may appeal.
Six hours before Game 7, the Celtics added Jayson Tatum to the injury report for a knee issue and he didn’t play, spotlighting how non-public injury information can influence games and betting risk. The piece ties this to a broader inside-information problem in the NBA, cites a recent guilty plea by Damon Jones over mishandling such information, and argues for tighter limits to protect public integrity, while warning the NFL to watch for similar gambling-related issues.
Former NBA player and assistant coach Damon Jones pleaded guilty to two counts of wire fraud conspiracy for selling inside information to gamblers and taking part in a rigged poker scheme; he tipped off gamblers about a Feb. 9, 2023 Lakers–Bucks game, noting LeBron James wouldn’t play, which Milwaukee won 115-106. Sentencing is set for Jan. 6, with prosecutors seeking roughly 21–27 months for the betting scheme and 63–78 months for the poker scam, as part of a broader probe that also involved basketball figures like Chauncey Billups and Terry Rozier.
Miami Heat player Terry Rozier is seeking to dismiss federal gambling charges by arguing that the law he allegedly violated does not apply to his actions, citing a recent Supreme Court ruling that limits the scope of federal fraud laws related to inside information and betting.
The NFL has not commented on whether it will investigate allegations that former receiver Mecole Hardman leaked game plan specifics prior to matches against the Chiefs and the Eagles. The league's gambling policy prohibits the sharing of confidential, non-public information regarding any NFL game or event, with an indefinite suspension of at least one year as punishment. The situation should be taken seriously as it could potentially reveal broader issues within the league's handling of inside information.
A former Goldman Sachs analyst, accused of insider trading, has denied knowingly possessing inside information during his trial. The analyst is facing charges related to trading on non-public information about impending mergers and acquisitions. He claims that he did not know the information was confidential and that he did not benefit financially from the trades. The trial is ongoing.