From 8873d8f55b84de220de202b8c7a88bbb27e4af1c Mon Sep 17 00:00:00 2001 From: Valarie Parkman Date: Mon, 30 Dec 2024 16:18:07 +0000 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Seeks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Seeks-To-Protect-Itself.md b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md new file mode 100644 index 0000000..1bbb50a --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market seeks to secure itself
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16 September 2010
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
By Bill Wilson
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Business press reporter, BBC News
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[sports betting](https://social.mirrororg.com/read-blog/7662_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) on sport is huge service.
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Sport England approximates the value of costs on sport-related [sports betting](http://lifethelife.com/read-blog/4684_things-you-need-to-understand-about-rafting-adventures.html) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is most likely to have grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research firm Sport & Markt approximates the general global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://wiki.ragnaworld.net/index.php?title=User:RodneyJonas8019) gambling.
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But when the integrity of occasions are hit the gaming industry suffers, and earnings are put under hazard if consumers can not bet with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://realhindu.in/read-blog/21198_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) stories than those impacting cricket and snooker this year.
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High-profile
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As Sport & Markt's Gareth Moore observes: "Everyone discuss the [sports betting](http://social.redemaxxi.com.br/read-blog/1478_for-sports-gambling-to-be-legalised.html) market now.
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"Not just is it a considerable market in world organization, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing accusations relating to a test against England at Lord's last month.
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Three of these gamers have actually stated they will also challenge the corruption charges mounted against the trio by the sport governing body the International Cricket Council.
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Meanwhile, three-times snooker world champ John Higgins was cleared of match-fixing claims, however was prohibited last week for six months for stopping working to report the prohibited technique to him to toss frames.
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There are likewise 2 other continuing examinations - not related to Mr Higgins - into snooker.
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'Honest'
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David O'Reilly is legal counsel for Betfair, among the UK's greatest online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that is good for wagering companies since people will invest money [sports betting](https://bbarlock.com/index.php/User:Santo25412) with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK regulated [sports betting](https://kenyansocial.com/read-blog/1355_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) market ... it is not really a positive story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may need to be mindful about'."
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'Education'
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So what can be done to avoid future scandals?
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According to specialists at a World [sports betting](https://links.gtanet.com.br/richellesouz) Law Report conference into [sports betting](https://truthbook.social/read-blog/8454_how-much-are-americans-investing-in-sports-betting.html), the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can fix a match are the rivals or the referee."
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His organisation represents guys and ladies in 15 [sports betting](https://clik.social/read-blog/19028_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He believes that it is not adequate to simply have deterrents, sanctions and disciplinary procedures, but that the way to tackle potential concerns around gamers is also through education.
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Mr Taylor says guidelines need to be described clearly to players with clear examples, and by individuals they appreciate.
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"Through informing gamers about [sports betting](http://it-viking.ch/index.php/User:LorrieLandseer5) wagering you reinforce stability and that is in everyone's interest," he includes.
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"If players are more difficult to corrupt then sport will be more difficult to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal guidance at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of informing players 'you are going to be captured'."
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"It is crucial that sport is straight, and is seen to be straight," he adds.
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"If it loses that then individuals don't desire to wager, that is not in gaming firms' interests, and it is not in our interests."
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He said that once a great credibility was lost, the damage to a sport was "enormous".
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FA rules mean gamers are not to bank on a competitors in which they are included.
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Mr Johnson states players have to be seen not to be capitalizing any inside knowledge, which he says might trigger "brand damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational threat to the video game," he says. "Once confidence has been damaged it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then possibly Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to control business [sports betting](https://prosafely.com/read-blog/10290_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://www.tobeop.com/how-much-are-americans-investing-in-sports-betting/) occurring through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting event.
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"Such cheating has the potential to weaken the stability of a sport, and it likewise harms the business interests of [sports betting](https://aladin.social/read-blog/60899_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://www.buzzgate.net/read-blog/504_missouri-sports-betting-ballot-measure-approved-by-voters.html) wagering."
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The commission has actually established an internal [Sports Betting](https://dulich.lcn.asia/read-blog/5_the-history-of-the-nfl-and-how-to-bet-on-it.html) Intelligence Unit to get and distribute information to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://connectingsparks.com/read-blog/25146_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) wagering," he states.
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"We will alert [sports betting](https://wow.t-mobility.co.il/read-blog/40_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) of our issues, to help avoid or reduce [unlawful] activity"
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In May 2010, the commission also presented a private telephone hotline for those with information or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has been just one prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing examinations, and that much useful information has actually also been passed to [sports betting](https://uconnect.ae/read-blog/168609_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would think about discontinuing a criminal investigation "in favour of letting [sports betting](https://bikapsul.com/read-blog/1463_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) governing bodies take the lead".
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Meanwhile, he states numerous of those aiming to cheat the [sports betting](https://forum.webmark.com.tr/index.php?qa=74014&qa_1=missouri-sports-betting-ballot-measure-approved-by-voters) industry were educated about [sports betting](https://moonifie.com/read-blog/1408_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) and sporting individuals, and about wagering operations and the movement of money.
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"They look for the vulnerabilities of these to help in their enterprises."
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Related internet links
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World [sports betting](https://socialsmerch.com/read-blog/10484_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) Law Report
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ICC
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Professional Players Federation
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Professional Footballers' Association
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The FA
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Betfair
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Sport & Markt
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
BLP
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Gambling Commission
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