Apr 17, 2024 - Economy

NBA takes aim at prop bets

Illustration of the football, money tongue, and basketball emojis.

Illustration: Lindsey Bailey/Axios

The NBA banned player Jontay Porter from the league for a violation of league rules around sports betting.

Between the lines: Porter, who most recently played for the Toronto Raptors, is alleged to have done more than just bet on games.

  • Among other things, the league alleges that Porter disclosed confidential information about his health to a bett0r and then limited his participation in a game — information the league claims was used to place a specific bet on his performance that night.

What we're watching: The league said suspicious betting on that game was flagged by licensed sports betting operators and an organization that monitors legal betting markets, but it also appeared to take aim at a popular type of wagering, called prop bets:

"This matter ... raises important issues about the sufficiency of the regulatory framework currently in place, including the types of bets offered on our games and players."
— NBA commissioner Adam Silver, in a league statement.

avatar

This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

Read the full edition