New Delhi, Aug. 22 -- NBA sharpshooter Malik Beasley is no longer a target of a federal gambling investigation conducted by the Eastern District of New York, his attorneys Steve Haney and Mike Schachter confirmed to ESPN on Friday (August 22). The development could jumpstart Beasley's free agency prospects, positioning the 28-year-old guard as a valuable asset for teams seeking a proven three-point threat.

The federal probe, which began earlier this year, examined allegations of gambling on NBA games and prop bets during the 2023-24 season when Beasley played for the Milwaukee Bucks. After extensive discussions with federal prosecutors, Beasley's legal team confirmed he faces no charges.

"Months after this investigation commenced, Malik...