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Stock impact report

2024 has become the year of gambling scandals in the sports world. That could be a good thing. [Business Insider]

Sportradar Group AG (SRAD) 
Some have faced career-ending bans, highlighting the risks of gambling even as it gains popularity. Experts explain how betting is being exposed in the sports world and how it's trying to thwart it. The expansion of legal sports betting in the US over the last six years has made gambling more popular — including, it seems, among athletes. 2024 is shaping up to be the year of the sports-betting scandal, with several players across professional sports facing lifetime bans. In April, the NBA permanently banned former Toronto Raptors center Jontay Porter for leaking confidential information and betting on games, including on the Raptors to lose. San Diego Padres player Tucupita Marcano was banned for life in June for gambling on 25 games involving his own team. And, in the UK, Premier League player Lucas Paqueta was charged by the Football Association in May for alleged breaches of its betting rules, which could lead to a lifetime ban if he's found guilty. It's not just athlete Show less Read more
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