The surge in sports betting due to events like March Madness, NBA, and NHL playoffs has raised concerns about potential gambling scandals affecting the integrity of major US sports. Allegations of money laundering through popular betting service FanDuel have highlighted the risks associated with the growing popularity of sports betting in the U.S.
There's so much gambling in sports that they barely even try to hide it now https://t.co/d64Cj0chAL
Pro sports and the betting around it launders money for despots and drug traffickers. It needs to be cleaned out on national security grounds. https://t.co/Gx9GxQ4LBg
FanDuel has led the charge in legitimizing the surging popularity of sports betting in the U.S. But it has also introduced a greater attack surface for money laundering, as one crew allegedly moved millions through it. https://t.co/yFouQi4mNP
Hot take: We are under five years (three?) from a sports betting scandal that will impact the integrity of a major US sport (college is more likely than pro, but even mod-level pros can lose enough money to be compromised). Book it.
New: A money laundering crew cleaned millions of dollars through FanDuel, the FBI alleges. Widespread sports gambling ...... what could go wrong? https://t.co/hsNCPryqf1
New from 404 Media: a money laundering ring allegedly washed millions of dollars through the popular betting service FanDuel. As sports betting has opened to fans in U.S., it's also a money laundering risk. Wild story with connection to hackers too https://t.co/aRwufoDm7F
The NHL, MLB, NFL and NBA should now allow fans to bet on what the next gambling scandal will be in their leagues.
Not really sure what people expect here. There are many worse things than a gambling scandal but a gambling scandal threatens the whole foundation of how a sports league makes money. It is, for their purposes, the worst thing you can do https://t.co/7vlWbw7dzM
March Madness and the upcoming @NBA and @NHL playoffs have introduced more people to sports betting than ever. As Co-Chair of the Congressional Gaming Caucus, I joined @NewsNation to discuss what is needed from leagues and industry partners to keep gaming safe, legal, and fair. https://t.co/uyOr8EoNG0