News All Good Now. No More Shady Insider Betting

When the "US Integrity" guy inevitably has to come out and do a press conference with Dana to explain why they've given the OK to something obviously fucked up because the UFC is their client:

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Seems redundant since this was already against the law. That's like your local gym adding a membership clause that they prohibit any of their members from committing homicide.
 
Alpha_T83 said:
Seems redundant since this was already against the law. That's like your local gym adding a membership clause that they prohibit any of their members from committing homicide.
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Pretty sure it's not against the law, there's no such thing as illegal insider betting.

You can't rig a fight, but as a coach, you can still legally bet on fights.
 
Wreckless said:
Just ask a friend or family member to place the bet. Problem solved.
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Not really problem solved. Proper bookies deal in billions of dollars. They have whole teams that look out for this exact sort of thing lol.

Don't think for a second that the major bookies aren't trawling through their bettors socials to find links and patterns, just like any serious company can and does do. Some guy Krause might be friends with on Facebook might get a friend he himself has on face book or some other social to place the bet. That sort of shit isn't going unnoticed, unless the bet is tiny, in which case the bookies don't care. But anything that is like Krause's normal stakes is getting picked up and investigated quick.

Some people are literally stupid enough to use relatives that share the same name haha.
 
seanwongster said:
Pretty sure it's not against the law, there's no such thing as illegal insider betting.

You can't rig a fight, but as a coach, you can still legally bet on fights.
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Bruh. You are arguing on the largest of technicalities.

There is also no "law" against insider trading. Yet the SEC are given broad discretion to charge anyone caught insider trading. Similarly, the FBI has broad discretion to charge anyone caught betting with inside information with fraud and possibly a whole host of other charges. If the inside betting is an organized effort in any way, organized crime laws also come into play (and trust me, they have very broad discretion).

Saying "there is no law against it" is not the same as "you can't go to jail for doing this".
 
Alpha_T83 said:
Bruh. You are arguing on the largest of technicalities.

There is also no "law" against insider trading. Yet the SEC are given broad discretion to charge anyone caught insider trading. Similarly, the FBI has broad discretion to charge anyone caught betting with inside information with fraud and possibly a whole host of other charges. If the inside betting is an organized effort in any way, organized crime laws also come into play (and trust me, they have very broad discretion).

Saying "there is no law against it" is not the same as "you can't go to jail for doing this".
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If some coach just decided to bet on his fighter, without rigging the fight, no way he's going to jail.
 
I didn't come up with this question, but what exactly constitites a "handler"? I understand what a coach, manager, trainer are, but handler?
 
Alpha_T83 said:
Bruh. You are arguing on the largest of technicalities.

There is also no "law" against insider trading. Yet the SEC are given broad discretion to charge anyone caught insider trading. Similarly, the FBI has broad discretion to charge anyone caught betting with inside information with fraud and possibly a whole host of other charges. If the inside betting is an organized effort in any way, organized crime laws also come into play (and trust me, they have very broad discretion).

Saying "there is no law against it" is not the same as "you can't go to jail for doing this".
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Sec rule 10b-5
There quite literally is laws against insider trading.

Saying there is no law against it, is quite literally saying you can't go to jail for this.

Or maybe I didn't understand law classes as well as my grades thought I did.
 
Alpha_T83 said:
Bruh. You are arguing on the largest of technicalities.

There is also no "law" against insider trading. Yet the SEC are given broad discretion to charge anyone caught insider trading. Similarly, the FBI has broad discretion to charge anyone caught betting with inside information with fraud and possibly a whole host of other charges. If the inside betting is an organized effort in any way, organized crime laws also come into play (and trust me, they have very broad discretion).

Saying "there is no law against it" is not the same as "you can't go to jail for doing this".
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There is 100% a law against insider trading, what on earth do you think the SEC is doing when they enforce that law?
 
Sticko said:
There is 100% a law against insider trading, what on earth do you think the SEC is doing when they enforce that law?
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Inside trading isn't the same as inside betting which just got banned by the UFC. They're saying no one involved in the fight can bet on it. It's not illegal to bet on a fight you're involved in, but it is illegal to share inside information not available to the public to push the odds one way or another. You guys agree but are wording your points terribly
 
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