NBA bans Toronto Raptors' Jontay Porter after gambling investigation [CBS News]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: CBS News
about his health status to known sports bettors and bet more than $54,000 on league games. The league opened an investigation into Porter's gambling allegations in March and focused on his performance in games on Jan. 26 and March 20. In both games, Porter played briefly before leaving citing injury or illness. Porter played 4 minutes and 24 seconds against the Los Angeles Clippers in the first of those games, then played 2:43 against Sacramento in the second game. The investigation uncovered that before the Raptors' March 20 game a known NBA bettor placed a $80,000 parlay proposition bet with an online sports betting book to win $1.1 million wagering that Porter would underperform in that game. This person placed that bet only after Porter disclosed confidential information about his health status, the league said. "Due to the unusual betting activity and actions of the player, the $80,000 proposition bet was frozen and was not paid out," the league said on Wednesday. The fol
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- 2/15/24 - Beat
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Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- DKNG's page on the SEC website