On August 23, according to ESPN reporter Shams Charania, Malik Beasley's lawyers Steve Haney and Mike Schacht confirmed that the guard is no longer a target of the federal gambling investigation in the Eastern District of New York. Previously, he was investigated for allegedly participating in betting related to NBA games in the 2023-24 season, which led to the complete obstruction of free agency.

Hani said: " Months have passed and Malik has never been prosecuted or investigated. The lack of charges or convictions has brought disastrous consequences to him, which completely violates the principle of presumption of innocence. " Prosecutors declined to comment.

After the investigation was announced, Beasley's nearly completed three-year, $ 42 million contract with the Detroit Pistons was terminated, and other teams' interest in him was put on hold. However, several teams have been in contact with his staff over the past few weeks to monitor his situation.

Beasley played 82 games for the Pistons in the 2024–25 season , averaging 16.3 points and making 319 three-pointers, a franchise record and second in the league. He also finished second in Sixth Man of the Year voting. Because the Pistons have already used their full mid-level exception, they could only offer Beasley a maximum of $ 7.2 million if they re-signed him. Teams like the Bulls, Pacers, Pelicans, Kings, Wizards, and Nets have more cap space.

With his status cleared, Beasley's situation has significantly improved. Not only is he expected to re-enter the team's radar, but he's also likely to receive a mid- to long-term contract. His free agency activities will be a key focus around the league in the coming weeks.