From 475ac30f057fcbd87ee80fb394e2cdafea68596b Mon Sep 17 00:00:00 2001 From: alissahockensm Date: Wed, 1 Jan 2025 18:28:04 -0500 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..52420c8 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](https://thewion.com/read-blog/186678_how-fantasy-betting-app-development-companies-and-sports-developers.html) market seeks to protect itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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Betting on sport is huge service.
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Sport England estimates the value of costs on sport-related gaming 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 actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt approximates the general international gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://hyped4gamers.com/read-blog/2431_things-you-need-to-know-about-rafting-adventures.html) gaming.
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But when the stability of occasions are hit the betting industry suffers, and profits are put under risk if consumers can not bet with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://palkwall.com/read-blog/27720_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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://milkywaystars.site/read-blog/3050_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) gambling market now.
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"Not only is it a substantial market in world service, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations relating to a test versus England at Lord's last month.
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Three of these gamers have actually said 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 champion John Higgins was cleared of match-fixing allegations, but was banned recently for 6 months for failing to report the unlawful approach to him to throw frames.
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There are also 2 other continuing investigations - 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 most significant online sporting exchanges.
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"If the sport is perceived as sincere, straight and fair that benefits betting firms due to the fact that people will invest cash [sports betting](https://forum.subchems.com/read-blog/3811_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) with confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK managed wagering industry ... it is not really a favorable story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we may have to be careful 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 experts at a World [sports betting](https://strimsocial.net/read-blog/19027_how-are-betting-odds-calculated.html) Law Report conference into [sports betting](https://social.ishare.la/read-blog/1451_just-how-much-are-americans-spending-on-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 people who can fix a match are the rivals or the referee."
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His organisation represents guys and in 15 [sports betting](https://marketchat.in/read-blog/2625_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He believes that it is not enough to simply have deterrents, sanctions and disciplinary treatments, however that the method to deal with prospective concerns around players is likewise through education.
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Mr Taylor says rules require to be explained plainly to players with clear examples, and by individuals they respect.
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"Through informing players about [sports betting](https://doomelang.com/read-blog/53038_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) you strengthen stability which remains in everybody's interest," he includes.
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"If gamers are harder 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, agrees.
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"Prevention is much better than cure, and we likewise make a point of telling players 'you are going to be caught'."
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"It is vital that sport is directly, and is seen to be straight," he adds.
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"If it loses that then people don't want to wager, that is not in [sports betting](https://sportysocialspace.com/read-blog/11998_how-to-attract-users-to-my-fantasy-sports-platform.html) 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 guidelines imply players are not allowed to bank on a competition in which they are involved.
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Mr Johnson states gamers have to be seen not to be capitalizing any inside knowledge, which he says could trigger "brand name damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not bet 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 states. "Once self-confidence has been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, 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 commercial [sports betting](https://www.tobeop.com/sweepstakes-casino-controversy-and-celebrities-all-important-role-3/) in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has obligation for policing all betting in the UK apart from spread [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:ClaudetteJ80), which is the remit of the FSA.
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"The frustrating bulk of [sports betting](https://social.engagepure.com/read-blog/804_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such unfaithful has the prospective to undermine the integrity of a sport, and it likewise damages the commercial interests of [sports betting](http://archmageriseswiki.com/index.php/User:TraciKnaggs0) bodies and [sports betting](https://iochats.com/read-blog/29286_exploring-the-sports-betting-industry-putting-ideas-into-practice.html)."
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The commission has developed an internal [Sports Betting](https://naijamatta.com/read-blog/34960_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) Intelligence Unit to get and distribute info to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://friends.win/read-blog/20602_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering," he says.
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"We will alert [sports betting](https://nuo18.lt/read-blog/68736_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) of our issues, to help avoid or cut [prohibited] activity"
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In May 2010, the commission also presented a private telephone hotline for those with info or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has actually been simply one criminal 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 8 ongoing investigations, which much beneficial details has likewise been passed to [sports betting](https://realhindu.in/read-blog/21402_things-you-need-to-learn-about-rafting-adventures.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would think about stopping a criminal investigation "in favour of letting [sports betting](https://wiki.whenparked.com/User:BNATaylor534486) governing bodies take the lead".
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Meanwhile, he states a number of those wanting to cheat the [sports betting](https://cozwo.com/read-blog/8811_sport-betting-industry-looks-to-protect-itself.html) wagering market were educated about [sports betting](https://moonifie.com/read-blog/1419_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) and sporting people, and about wagering operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their enterprises."
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Related web links
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World [sports betting](https://gazanour.com/read-blog/7878_online-betting-firms-gamble-on-soccer-mad-nigeria.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
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BLP
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Gambling Commission
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