NBA Commissioner Adam Silver says he believes all leagues have to continue to keep an incredibly close eye on gambling trends within their sport, mindful of issues that the NFL in particular has had to address in recent months.
NBA Commissioner Adam Silver, center, stands for a photo with potential first-round draft picks at Barclays Center before the NBA basketball draft, Thursday, June 22, 2023, in New York. – NBA Commissioner Adam Silver said Monday that he believes all leagues have to continue keeping an incredibly close eye on gambling trends within their sport, mindful of issues that the NFL in particular has had to address in recent months.
“I think that public markets worked very well in this country," Silver said. “But the other side of a public market is the potential for insider trading. And there’s very sophisticated algorithms, etc., that track it. It’s not that different in sports now, especially when you get higher volumes of betting. You have very sophisticated computers; when they see aberrational betting ... you’re going to get caught.
“I think there’s a responsibility for these leagues to invest more education, not just our own players, but of young people who might be doing something inappropriate or anybody who might be engaging in problematic gambling,” Silver said.As he did during the NBA Finals, Silver discussed how the league's ownership landscape will change when Michael Jordan — the lone Black majority owner in the league — finalizes his sale of his majority stake in the Charlotte Hornets.
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