BROOKLYN, July 2 -- On the night of March 10, 2024, Malik Beasley's Milwaukee Bucks were already up seven points on the Los Angeles Clippers with the outcome no longer in doubt. Federal prosecutors say that is exactly when Beasley hustled to grab a rebound he did not need for the game, finishing the night with four, a number that matched a prop bet co-conspirators had placed on him. One of them texted afterward that Beasley let out "a big sigh of relief" once he had it.

That detail, laid out in an indictment unsealed by the U.S. Attorney's Office for the Eastern District of New York, is the clearest picture yet of how prosecutors say Beasley turned his own statistics into a betting product for people he owed money to. On Wednesday, Beasl...