NBA gambling scandal shows legal sports betting market works, Fanatics Betting & Gaming CEO argues

Former Las Vegas bookmaker Art Manteris discusses ‘mind-blowing’ revelations about the rigged poker games an NBA coach and mafia were allegedly involved in on ‘Fox Report.

The bombshell NBA scandal fallout last week from an FBI investigation has led to many questioning the sports betting market, even the legal side of it. 

That was especially the case with Miami Heat guard Terry Rozier, who was among more than two dozen arrested for his role in the sports betting FBI probe. He allegedly revealed private information regarding his injury status and when he would be exiting a game to hit certain prop bets. 

There was a similar situation last season with ex-Toronto Raptors player Jontay Porter, who was banned from the NBA indefinitely and pleaded guilty to conspiracy to commit wire fraud. Porter, who is connected to this current FBI investigation, had previously been found guilty of disclosing confidential information to sports bettors about his own health status and betting on games in violation of league rules. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Miami Heat guard Terry Rozier during the second half against the Washington Wizards March 31, 2024, in Washington. (AP Photo/Nick Wass, File)

So, seeing a situation like this happening on perhaps a larger scale, Fanatics Betting & Gaming CEO Matt King was "disappointed" to see "criminal elements" come into play in a market that has grown exponentially as more states legalize it. But given his expertise, King explained why he feels this situation proves the legal side of sports betting is working. 

"If you look at the chronology, the suspicious betting activity was flagged immediately, was reported immediately. Investigations were kicked off immediately," King