NBA Players Indicted on Sports Gambling Charges

Malik Beasley and Ed Davis, two former NBA players, have been indicted on sports gambling charges. The indictment alleges that Davis and Beasley collaborated to manipulate Beasley's performance in several games. Beasley had millions of dollars in gambling losses and worked off his debt as part of the betting scheme.

## What happened The U.S. Attorney’s Office for the Eastern District of New York indicted Beasley and Davis on charges of sports bribery, conspiracy to commit wire fraud, honest services fraud, and conspiracy to commit money laundering. The indictment alleges that Davis and Beasley worked with three others to bet on Beasley's performance in several games. Beasley averaged 11.3 points during the 2023-24 season but scored just three points against the Cavs in one of the games in question. The scheme went awry after Beasley could not hit the under on his rebounds for a game against the Nets. ## Why it matters The indictment is part of a larger investigation into illegal sports gambling in the NBA. Five current or former NBA players have been indicted as part of the investigation. The charges against Beasley and Davis are serious and could result in significant penalties. ## How to think about it The indictment of Beasley and Davis is a reminder that sports gambling is a serious issue that can have significant consequences. It is essential to approach the topic with caution and to be aware of the potential risks and penalties. ## FAQ