Trending News Stories in the World of Gambling - November 12, 2022 (1 pm)

Written by:
Jagajeet Chiba
Published on:

Tom Brady's FTX Connection

Much of the news in the world of poker and cryptocurrencies involves the collapse of the digital currency exchange FTX.  And now there's a new wrinkle....Tom Brady.

Brady, Steph Curry and Kevin O’Leary are all reportedly set to lose big from Friday's FTX bankruptcy filing.

The Tampa Bay starting quarterback and seven times Super Bowl champ received an equity stake in the exchange.

“It’s an incredibly exciting time in the crypto-world and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities,” Brady said in 2021. “This particular opportunity showed us the importance of educating people about the power of crypto while simultaneously giving back to our communities and planet. We have the chance to create something really special here, and I can’t wait to see what we’re able to do together.”

FTX CEO Sam Bankman-Fried warned investors on Wednesday that the exchange had a $8 billion shortfall and that FTX would require emergency funding.  That emergency funding was yet to come as of Saturday.

The poker community was shocked to learn this week that FTX's head of regulatory compliance was tied to a high profile 2008 poker cheating scandal despite our friends over at CoinGeek having reported on this rather terrifying revelation last year already.

Mattress Mack is Ready for Primetime

First Jimmy Kimmel, then GMA, and following that up with ESPN.  Houston furniture mogul Jim McIngvale, known affectionately as "Mattress Mack", has made the rounds of all the big name media outlets following his entertaining presence during this year's World Series.

Now he's set to truly make it to the big stage.....Gambling911.com (ahem).

Our own Thomas Somach sits down with Mack to discuss his beloved Houston Astros winning another World Series.

"We spoke for over an hour," Somach tells us as he anticipates the interview going live on the Gambling911.com website Monday.

We spoke with the beloved Houston icon last year but Mack's Astros came up short against Atlanta in that World Series.

Mack won big this time around.

33 Detained in San Antonio Gambling Raid

Nearly 60 gambling machines were confiscated and 33 individuals taken into custody following an eventing raid of two illegal San Antonio gambling dens.

Deputies were called to both locations around 5 p.m. Thursday -- one in the 2500 block of West Woodlawn Avenue and one in the 100 block of Esma.

Eighteen people, both employees and customers at the Woodlawn location, were detained after deputies found roughly 40 eight-liner gambling machines.  They also found a stolen vehicle parked at the establishment.

“There are organized crime ties to this location as well as the other,” Bexar County Sheriff Javier Salazar said.

The two businesses are believed to be linked.

- Jagajeet Chiba, Gambling911.com

Gambling News

Michigan Wolverines an Early +6.5 Underdog Versus Ohio State

Michigan Wolverines an Early +6.5 Underdog Versus Ohio State Stun the Buckeyes

We have seen the line on the Michigan Wolverines vs. Ohio State game November 26 ranging anywhere from Buckeyes -6.5 to -8 very early.  The line was trending towards -8.5.  Coming into Week 12, the Wolverines were among the few remaining undefeated teams (along with Ohio State) and that continues as they head into their game against Ohio State. 

Aggressive Line Movement on Clemson Game Was Tell-Tale Sign in Week 1

Clemson Tigers Betting Trends: Tough Test vs. Surging South Carolina November 26

Clemson goes into Saturday's Noon ET game versus the South Carolina Gamecocks as a -14.5 favorite but South Carolina cannot be overlooked following their shocking upset shellacking of the Tennessee Vols, a team that had been ranked number one in the nation just a few weeks ago. BetOnline had reported 72% on Clemson at -24 at the time of closing.

NY Times Shock Probe Into US Regulated Sports Betting Industry

NY Times Shock Probe Into US Regulated Sports Betting Industry

It's been a difficult last couple of weeks for the U.S. regulated sports betting sector.  In addition to brands shutting down and wagering accounts getting hacked, now the industry finds it must defend itself against a scathing New York Times investigation, all while the Times colleagues continue crawling into bed with said operators.