On November 9, 2025, Samidh Guha and Kan Nawaday published “Lessons from the NBA betting scandal and law enforcement priorities: ANALYSIS” with ABC News. The following is an excerpt:
The Department of Justice unsealed an indictment last month accusing three current and former NBA coaches and players of participating in an illegal sports gambling scheme. In doing so, FBI Director Kash Patel proclaimed: “Let’s not mince words, this is the insider trading saga for the NBA.”
Putting aside the visceral appeal of the reference to insider trading, are these allegations actually comparable to criminal insider trading in the securities regime? And whatever the criminal scheme analogue, what is the law enforcement interest in policing the sports gambling market?