NBA sharpshooter Malik Beasley, who is currently a free agent, is under investigation by the U.S. Attorney's Office for the Eastern District of New York for his potential involvement in gambling activities. Authorities are focusing on bets he may have placed on "prop" bets during the 2023-24 season. These prop bets, which allow individuals to wager on specific events within a game, have become a significant topic as the NBA navigates the growing trend of sports betting.

League and Legal collaboration

The NBA is actively collaborating with the investigation into the ongoing situation involving Beasley. His attorney, Steve Haney, has been vocal about the current state of affairs, clarifying that, as of now, no formal charges have been brought against his client. Haney conveyed to the Associated Press that this is still very much in the investigatory phase, meaning that Beasley is to be considered innocent until evidence suggests otherwise. The legal process is still unfolding, and the focus remains on determining the facts before jumping to any conclusions.

Betting Scandals in the NBA

This investigation highlights the NBA's ongoing efforts to manage gambling-related issues. In 2024, Jontay Porter received a lifetime ban for sharing inside injury info related to prop bets. Also, Terry Rozier of the Miami Heat has been under federal investigation since 2023 because of unusual betting patterns, though he hasn't been charged.

Impact on Beasley’s Career

Last season, Beasley played for the Detroit Pistons on a one-year contract worth $6 million. During that time, he set a franchise record by making 319 three-pointers and averaged 16.3 points per game, contributing to the team's return to the postseason for the first time since 2019. Although there were discussions about him re-signing for around $42 million over three years, those talks have been paused due to an ongoing investigation. On the personal front, Beasley is dealing with various legal and financial issues. He faces several lawsuits, including one from a previous marketing agency and another related to wage garnishment due to debts that total several million dollars.

Next Steps in Investigation

Federal authorities are currently examining betting data and potential irregularities in wagering associated with Beasley. At this point, the investigation is ongoing, and Beasley has not yet been charged with any crimes. Additionally, the NBA has not taken any disciplinary actions against him. This situation poses serious consequences for Beasley, as previous instances involving similar inquiries have led to severe outcomes, including suspensions or even permanent bans from the league. As the investigation progresses, speculation regarding Beasley’s future with his team and his earning prospects is increasing, creating an atmosphere of uncertainty around his career trajectory.

What’s next

The immediate future for Beasley remains unclear. The investigation's findings will be critical. Depending on the outcome, he could face severe penalties, including suspensions or even a ban from the league. Beyond the legal and professional ramifications, Beasley is also dealing with personal challenges, including several lawsuits. The outcome of the investigation might significantly impact his career trajectory and his ability to secure future contracts.