How Gambling Scandals Are Rocking Sports Leagues

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.2 • 5.3K Ratings

🗓️ 24 April 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Less than six years after a Supreme Court ruling paved the way for legal sports gambling, U.S. sports leagues are facing an onslaught of betting scandals. The latest example is Jontay Porter, a little-known NBA player, who has been given a lifetime ban for betting on games. WSJ’s Jared Diamond unpacks how major leagues are confronting the darker sides of sports betting with alarming frequency. Further Reading: -NBA Player Banned for Life for Betting on Games -America Made a Huge Bet on Sports Gambling. The Backlash Is Here. Further Listening: -How a Psychiatrist Lost $400,000 on Gambling Apps -Disney Gets Into Gambling -FanDuel CEO on Sports Gambling's Big Boom Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi Jared. Hey Kate. So exciting to have you back on the journal
0:09.7	podcast. I know it's been a while. It has a long while do you do you remember how we start these things not really I say who I am and what you cover okay
0:19.8	yes of course I'm Jared Diamond and I cover sports for the Wall Street Journal with a particular focus in sports gambling.
0:29.0	All right. Now, now we're going to do a little experiment. Are you ready for this? I'm I'm nervous but let's go. Okay, so I'm gonna share my screen.
0:39.7	Wednesday night a basketball from Scotia Bank Arena in downtown Toronto.
0:46.4	I wanted Jared to watch some basketball with me.
0:49.7	It was the March 20th game between the Toronto Raptors and the Sacramento Kings.
0:54.3	Freeball is good. All right, so there it's the first quarter, there's two minutes 43.
1:01.6	We're seeing some free throws all right here we go see these three
1:06.0	throws here after that free throw the Toronto Raptors brought some new players on the court.
1:16.0	We got some subs coming in. Number 34 went in there.
1:20.8	Who's that?
1:22.3	We'll be talking about number 34 quite a bit. That's
1:24.8	Jante Porter. Porter checked in close to the end of the first quarter.
1:30.6	John Tate Porter, also on the court, here's Ramsey, three doesn't go, Jontay Porter once again at the
1:36.9	foul line with a rebound.
1:38.7	Then a few minutes later, Porter subbed out of the game, saying he was sick. But what seemed like a normal
1:45.8	substitution was actually part of a gambling scandal that would cost Porter
1:51.8	his career.
1:53.0	And with some breaking news,
1:55.0	some huge breaking news from the NBA.
1:57.0	The league has issued a lifetime ban the raptors for it
	...

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