New Prop Betting Rules on the Way for NBA?
Initially, it was Major League. The NFL came next. According to reports, it looks like the NBA will soon put a stop to prop betting related to their sport.
The NBA head office has written a memo to teams on new sports betting regulations, according to ESPN NBA writer Shams Charania. A large element of the new regulations.
The federal case against Miami Heat forward Terry Rozier was still pending in a New York court yesterday. Rozier's attorneys are attempting to get accusations of wire fraud conspiracy and money laundering conspiracy pertaining to sports betting against their client dropped.
Rozier Fees
Rozier allegedly cooperated with bookmakers while playing for the Charlotte Hornets by purposefully missing an NBA game in March 2023 owing to an injury.
A co-conspirator is said to have received the information and sold it to bettors. Those bettors placed more than $250K in prop bets, which Rozier directly benefitted from. According to the prosecution, neither the public nor sportsbooks were informed of Rozier's injury, nor was it included in the Hornets' pregame injury bulletins.
New Rules Around Injury Reporting
Under the new rules, teams will now be required to resubmit injury listings on game days between 11 a.m. and 1 p.m. local time and update public reports every 15 minutes.
The NBA is also reportedly looking to partner with sports betting operators to establish some guardrails around prop bets involving individual players. This would include a limit on the maximum amounts that can be wagered and restrictions on “under” prop bets.
Weeks after two Cleveland Guardians pitchers were charged in a sports betting and money laundering conspiracy in October, sportsbook operators agreed to impose a $200 wagering limit on micro-betting around individual pitches in MLB games, as well as prohibit these types of bets from being included in parlays.
MLB Prop Betting Restrictions
In November, the NFL communicated to teams the wager categories that are prohibited, including “markets or bets that are inherently or designed to be derogatory or inflammatory, or otherwise based on subject matter against public policy,” officiating-related markets, and markets surrounding predetermined outcomes directly related to on-field competition (for example, Will the QB start this week? Will the team’s first play from scrimmage be a run or a pass?).
