Malik Beasley’s Gambling Investigation Is Over, Allowing Him To Enter Free Agency

Malik Beasley will no longer be a target of a federal gambling investigation, attorneys Steve Haney and Mike Schachter said.

The news means Beasley could potentially enter free agency this summer. The Florida State alumnus is already being linked to the New York Knicks and the Cleveland Cavaliers, according to Michael Scotto of HoopsHype.

On June 29, federal authorities opened an investigation into the 28-year-old shooting guard on allegations of gambling and prop bets for NBA games. Beasley faced allegations from the 2023/24 season, where a U.S. sportsbook recorded an unusually high number of betting interests regarding Beasley’s statistics.

This is not the first time an NBA player has been under investigation for alleged betting probes. In April 2024, the NBA banned Toronto Raptors forward Jontay Turner following an investigation that revealed he had tipped off bettors, bet on games while playing in the G League, and limited his game participation while playing with Toronto.

Miami Heat shooting guard Terry Rozier was also under investigation related to sports betting in early 2025. Rozier continued to play for the Heat and was not charged or accused of any crime.

Before June’s investigation, Beasley was set to sign a reported three-year, $42 million contract with the Detroit Pistons. This came following Beasley’s second-place finish in the 2024/25 Sixth Man of the Year award, where he played 82 games in his first season with the Pistons. The shooting guard averaged 16.3 points, helping Detroit finish 6th place in the Eastern Conference with a 44-38 record. The Pistons were eliminated in the First Round by the Knicks.

If Beasley were to sign for another team, it would be the seventh different franchise he’s joined since beginning his career in 2016 with the Denver Nuggets. In the last five seasons, Beasley has played for the Minnesota Timberwolves, the Utah Jazz, the Los Angeles Lakers, the Milwaukee Bucks and ended last campaign in Detroit.

In 2021, Beasley was suspended by the Timberwolves for 12 games after threatening a family that was househunting near his home with a gun.