The FBI has arrested Chauncey Billups (Portland Trail Blazer coach) and Terry Rozier (Miami Heat player) on illegal gambling charges, so I thought this would be a good time discuss the ubiquity of sports betting and a few possible regulatory responses.

Until recently, major professional sports leagues and the NCAA opposed legalization of sports betting except in specific locations (Las Vegas and Atlantic City), but now seem to have embraced it.

Another example of how money talks. Here are some thoughts on the subject.