James Crouse Unveiled as Offshore Book Agent, Hailed as MMA’s ‘Insider Trading’

Former Ultimate Fighting Championship fighter James Krause is about to find himself in a pile of trouble.

According to a report from the UFC’s broadcast partner
ESPN
On Thursday, the investigation into the Krause case bore fruit. ESPN staff has been informed that since 2019 Krause has worked as an agent for the ABCBetting.ag, casino and casino in Antigua. Krause’s role, as it was described, was one that would see him act as a go-between for outside writers and potential bookies. Enlisting in those who will be willing to take part in the events–most likely, the battles–will be one of the principal duties, and a duty which is likely to accompany it with a share of labour.

These individuals stated that Krause offered them a line of credit and login credentials to access the site, one of which is based in Antigua but based in Costa Rica. They allegedly paid Krause right after placing bets on the site, offering them “commissions” if they recruited others to bet with them. Krause has been publicly admitting on his podcast that he makes the majority of his winnings betting on fights, and has openly stated that he will bet on practically every UFC fight he has. Occasionally, Krause would veer off to other sports, if the high-profile members attached with betting suggestions.

For a US resident to act as an intermediary in this way, pursuant to
18 US Code § 1084
, illegal. As it pertains to the Federal Wire Act, individuals cannot assist others in betting on interstate or foreign books, unless otherwise permitted at this site. Fees for this type of action can include tax evasion or money laundering, depending on the level of involvement between the agent from the United States and the foreign entity.

Krause runs a private Discord server that offers betting tips, with those paying upwards of $2,000 a month for access to betting tips or even having Krause himself take over their accounts to bet on. The channel was later shut down weeks after an investigation into his affairs began. At UFC Fight Night 214 in November, the bout between Nuerdanbieke Shayilan and Darrick Minner caused suspicious betting activity, as money came in during fight night for Shayilan to win and earn stoppage. This led to Krause’s subsequent ban from the UFC, and a few locations including New Jersey and the Canadian province of Alberta to ban betting on Krause or UFC matches altogether.

One of Krause’s students on the Glory MMA & Fitness team, Jeff Molina, UFC flyweight was also suspended indefinitely while this investigation took place. According to ESPN, which obtained screenshots of posts made by Molina, the fighter set about trying to recruit potential bettors to sign up for the betting service and take over the account.

“He trained [with a] Many fighters live and breathe the sport as a trainer/fighter, [and] Sometimes he’d have the scoop on injuries — undisclosed matches — what the fighters look like in camp, etc. “In stocks this is called inside trading in MMA betting and it is called James Crouse. For the past 6 months, all of my bills including the mortgage and car note have been paid via Krause’s Choices. Do yourself a favor and join the VIP. “

Until last October, the UFC allowed fighters or anyone involved in their training to bet on UFC fights, including their specific bouts. This type of betting activity is prohibited in about half of the states in the US, although most leave it up to local bookmakers while a smaller number of bookies have penalties on the books for violations. In October 2022, the UFC instituted a policy banning fighters from betting on any MMA matches, regardless of their participation. This extends to trainers, training partners, and close family members.

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