Sports News
| Published On Oct 22, 2024 7:18 am CEST | By Daniel Li

NBA and Major Sportsbooks Agree to Halt Prop Bets on Certain Players

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Leading sportsbooks and the NBA have come to an agreement for the NBA to stop taking proposition bets on individual league players. The NBA’s new policy reportedly has an impact on well-known operators like FanDuel, DraftKings, and BetMGM, according to a report by The Athletic. Sportsbooks will no longer place “under” wagers on players with two-way or 10-day contracts as a result of this agreement.

An NBA spokesperson explained that the move aims to maintain fairness in the sport. “We are pleased that these actions have been taken to help protect the integrity of our games,” the spokesperson told The Athletic. This change comes after months of discussions between the NBA and its gambling partners, following the expulsion of former Toronto Raptors player Jontay Porter over betting irregularities.

Prop Betting Restrictions Gaining Momentum

Prop bets, which allow wagers on individual player statistics like rebounds or points, have faced increasing scrutiny. These types of bets enable bettors to wager on specific game elements “instead of or in conjunction with a game’s outcome or spread.” This specific agreement to limit prop bets reflects the NBA’s growing focus on maintaining game integrity and transparency.

The NBA’s decision aligns with broader regulatory trends in the U.S. Several states have started restricting or banning prop betting, particularly on college sports. For instance, Louisiana banned the practice in August, and lawmakers in New York are currently considering similar measures. States like Colorado, Arizona, Massachusetts, Pennsylvania, and Oregon have already implemented regulations to limit prop betting. Meanwhile, Maryland, Ohio, and Vermont recently banned prop bets on college sports entirely.

In addition, Illinois, Connecticut, and Iowa have laws prohibiting proposition betting for in-state teams, showcasing a growing national trend to curb prop betting as part of overall gambling regulations.

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Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.

Tags: NBA