Betting on Sports: An NBA Commissioner’s Decade-Long Journey
USA, New YorkWed Oct 16 2024
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Back in 2014, NBA Commissioner Adam Silver penned an op-ed in The New York Times. He boldly called for legalizing and regulating sports betting in the US. At the time, sports betting was largely illegal, with Nevada being the only exception. Silver's words sparked a significant shift in the sports world. A decade later, the NBA has over two dozen partnerships with gaming companies. Silver doesn't regret his op-ed, emphasizing that with the internet's rise, illegal betting would thrive without regulation.
The impact of Silver's op-ed wasn't immediate. It took nearly four years for the U. S. Supreme Court to strike down a federal ban on sports betting, known as PASPA. Since then, Americans have legally wagered billions on games. However, Silver believes a federal framework would make administration easier for the league. He cautions that while sports betting has benefits, there are downsides like underage betting and issues on college campuses. Even within the NBA, there have been incidents, such as a Toronto Raptors player being banned for life for betting on games.
Silver takes these incidents seriously, highlighting the need for heavy regulation. He sees sports betting as a form of engagement, but it requires strict guardrails to prevent misuse. The op-ed opened a conversation that reshaped the sports landscape, pushing betting from the shadows into the mainstream.
https://localnews.ai/article/betting-on-sports-an-nba-commissioners-decade-long-journey-c9ffef9
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