From f259bc721fe292a18e989cc5cc3879cadf8b100e Mon Sep 17 00:00:00 2001 From: fideliap212034 Date: Thu, 2 Jan 2025 07:44:21 +0000 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..a3d48da --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering industry 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 substantial organization.
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Sport England estimates the worth of spending on sport-related gaming in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is most likely to have actually grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study company Sport & Markt approximates the total worldwide [sports betting](https://cheere.org/read-blog/36227_the-ins-and-outs-of-betting-on-the-nfl-draft.html) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://welcometohaiti.com/read-blog/18247_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) gaming.
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But when the stability of occasions are struck the [sports betting](https://disgaeawiki.info/index.php/User:LucioBenny52) market suffers, and profits are put under threat if customers can not wager with confidence.
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And there can have been couple of higher-profile sport wagering stories than those affecting cricket and snooker this year.
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High-profile
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As Sport & Markt's Gareth Moore observes: "Everyone speak about the [sports betting](http://maili.demoe.cn:112/read-blog/448_how-to-attract-users-to-my-fantasy-sports-platform.html) gambling market now.
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"Not only is it a considerable market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing claims connecting to a test versus England at Lord's last month.
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Three of these players have said they will also challenge the corruption charges installed versus 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 accusations, but was prohibited last week for 6 months for failing to report the unlawful 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, one of the UK's most significant online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is excellent for [sports betting](https://ca.viquiblo.org/index.php/Usuari:JonathanWelch) companies since people will invest cash wagering with confidence," he states.
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"If you take the Pakistan accusations, although unassociated to the UK controlled wagering market ... it is not really a favorable story for wagering in the UK.
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"That is because the perception is that 'cricket is now something we may need to be careful about'."
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'Education'
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So what can be done to prevent future scandals?
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According to professionals at a World [sports betting](https://sportstalkhub.com/read-blog/21392_how-much-are-americans-spending-on-sports-betting.html) Law Report conference into [sports betting](https://kiigasofthub.com/read-blog/10136_sport-betting-industry-looks-to-protect-itself.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can repair a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://meta.mactan.com.br/read-blog/24920_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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 insufficient to merely have deterrents, sanctions and disciplinary procedures, but that the way to tackle prospective issues around players is also through education.
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Mr Taylor says guidelines need to be described clearly to players with clear examples, and by people they appreciate.
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"Through informing gamers about [sports betting](https://cittaviva.net/read-blog/25128_for-sports-gambling-to-be-legalised.html) you reinforce integrity which remains in everyone's interest," he includes.
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"If gamers 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 regulatory legal suggestions at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of informing gamers 'you are going to be captured'."
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"It is crucial that sport is directly, and is seen to be directly," he includes.
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"If it loses that then people do not want to wager, that is not in gambling companies' interests, and it is not in our interests."
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He stated that as soon as an excellent reputation was lost, the damage to a sport was "enormous".
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FA guidelines suggest players are not allowed to bet on a competition in which they are involved.
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Mr Johnson states gamers need to be seen not to be capitalizing any inside knowledge, which he states might cause "brand damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to players the reputational threat to the game," he states. "Once confidence has actually been harmed it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, then maybe Nick Tofiluk, director of regulation 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://firstamendment.tv/read-blog/72257_how-to-play-bet9ja-online.html) in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread [sports betting](http://archmageriseswiki.com/index.php/User:KarolinRicketts), which is the remit of the FSA.
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"The frustrating bulk of [sports betting](https://projectblueberryserver.com/index.php/User:ValenciaLavallee) wagering taking place through UK operators is legal and reasonable," 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 prospective to weaken the stability of a sport, and it also hurts the business interests of [sports betting](http://titotit.com/xe/?document_srl=720103) bodies and [sports betting](https://catvcommunity.com.tr/read-blog/4789_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering."
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The commission has established an in-house [Sports Betting](https://elearnportal.science/wiki/User:XZHJerrold) Intelligence Unit to receive and share details to sporting authorities, [sports betting](https://bigtoc.com/read-blog/8961_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) companies and policing authorities.
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"Since 2007 we have experienced a into world of corrupt [sports betting](https://parentingliteracy.com/wiki/index.php/User:ElijahClaudio)," he says.
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"We will alert [sports betting](http://titotit.com/xe/?document_srl=812305) of our concerns, to assist avoid or reduce [illegal] activity"
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In May 2010, the commission also presented a confidential telephone hotline for those with details or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year duration there has actually been just one criminal prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, which much helpful information has also been passed to [sports betting](http://ringturbine.com:80/index.php/User:LeathaField6) authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would consider terminating a criminal investigation "in favour of letting [sports betting](https://thatswhathappened.wiki/index.php/User:DORFletcher) governing bodies take the lead".
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Meanwhile, he says a lot of those seeking to cheat the [sports betting](https://sfqatest.sociofans.com/read-blog/656_how-fantasy-betting-app-development-companies-and-sports-developers.html) wagering market were well-informed about [sports betting](http://milkywaystars.site/read-blog/3048_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) and sporting people, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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Related web links
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World [sports betting](https://kiigasofthub.com/read-blog/10119_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.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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