Now that sports betting is legal is there such thing as "insider trading"? In other words, someone learns (like a coach or trainer)a key player is hurt but its not public and they bet on this is it illegal? FWIW I am not an insider, just curious how this works. Thank you

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Posted by Ghost of Colby

Alberta, overlooking B.C.

Member since Jan 2009

11126 posts

Posted on 11/29/21 at 2:41 pm to secfballfan

Some take their sources to the Coaching Changes board, some take them to the casino.

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Posted by TopWaterTiger

Lake Charles, LA

Member since May 2006

10176 posts

Posted on 11/29/21 at 2:50 pm to secfballfan

not an insider if you don't get caught...

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Posted by Obtuse1

Westside Bodymore Yo

Member since Sep 2016

25501 posts

Posted on 11/29/21 at 2:51 pm to secfballfan

Several states have been pursuing making use of non-public or confidential information illegal. I am not sure if any of them have actually become law yet.

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Posted by doubleb

Baton Rouge

Member since Aug 2006

35818 posts

Posted on 11/29/21 at 2:56 pm to secfballfan

quote:

Now that sports betting is legal is there such thing as "insider trading"? In other words, someone learns (like a coach or trainer)a key player is hurt but its not public and they bet on this is it illegal? FWIW I am not an insider, just curious how this works. Thank you

That kind of stuff has been going on since Philippides’ trainer gave his neighbor a tip that he could go the distance from Marathon to Athens.

This post was edited on 11/29/21 at 3:26 pm

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Posted by BorrisMart

Member since Jul 2020

8807 posts

Posted on 11/29/21 at 3:08 pm to secfballfan

I just told Carm to put her half of the spec house on the Jets that it was a sure thing.

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Posted by FulshearTiger