From 6a7d85522feb56bb014f2c461f89de50d8fbb56e Mon Sep 17 00:00:00 2001 From: birgitolmstead Date: Wed, 18 Dec 2024 08:55:13 +0100 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 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..aa80220 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering industry aims to protect itself
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16 September 2010
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By Bill Wilson
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Business press reporter, BBC News
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[sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:DebKnutson75917) on sport is substantial service.
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Sport England estimates the value of costs on sport-related gambling 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 even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study firm Sport & Markt approximates the total global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://mxlinkin.mimeld.com/read-blog/656_the-ins-and-outs-of-betting-on-the-nfl-draft.html).
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But when the integrity of occasions are hit the [sports betting](https://wooshbit.com/read-blog/18707_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) industry suffers, and profits are put under risk if customers can not wager with self-confidence.
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And there can have been few 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 discuss the [sports betting](https://wow.t-mobility.co.il/read-blog/26_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) market now.
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"Not only is it a considerable market in world company, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations connecting to a test against England at Lord's last month.
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Three of these gamers 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 champ John Higgins was cleared of match-fixing claims, however was prohibited last week for 6 months for failing to report the prohibited technique to him to throw frames.
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There are also 2 other continuing examinations - not associated 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 reasonable that is good for wagering firms due to the fact that individuals will invest cash [sports betting](https://www.hb9lc.org/wiki/index.php/User:FaustinoBennet8) with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated [sports betting](https://mixup.wiki/index.php/User:JannieWillilams) market ... it is not truly a positive story for [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/User:JulissaBarraza) in the UK.
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"That is since the perception is that 'cricket is now something we may need to beware 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://social.oneworldonesai.com/read-blog/1569_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Law Report conference into [sports betting](http://ringturbine.com:80/index.php/User:DelorisRountree), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://www.vancouverrowingclub.wiki/index.php/User:KatharinaHonner) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He thinks that it is not enough to merely have deterrents, sanctions and disciplinary procedures, however that the method to tackle prospective concerns around gamers is also through education.
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Mr Taylor states guidelines need to be described plainly to gamers with clear examples, and by individuals they respect.
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"Through educating players about [sports betting](https://realmadridperipheral.com/read-blog/6368_how-much-are-americans-spending-on-sports-betting.html) you enhance stability which is in everybody'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 advice at the Football Association, agrees.
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"Prevention is better than remedy, and we also make a point of informing players 'you are going to be caught'."
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"It is imperative that sport is straight, and is seen to be straight," he adds.
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"If it loses that then people do not wish to wager, that is not in gaming companies' interests, and it is not in our interests."
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He stated that when an excellent credibility was lost, the damage to a sport was "enormous".
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FA rules imply gamers are not permitted to bank on a competition in which they are included.
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Mr Johnson says gamers have actually to be seen not to be cashing in on any inside knowledge, which he states might cause "brand damage" to football and its competitions.
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So, even a 2nd Division gamer knocked out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to gamers the reputational risk to the video game," he says. "Once confidence has been damaged it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, then possibly Nick Tofiluk, of policy 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 gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all [sports betting](http://bedfordfalls.live/read-blog/112814_how-to-play-bet9ja-online.html) in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://cheere.org/read-blog/36223_how-to-attract-users-to-my-fantasy-sports-platform.html) occurring through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting event.
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"Such unfaithful has the potential to weaken the stability of a sport, and it likewise harms the industrial interests of [sports betting](http://www.larsaluarna.se/index.php/User:Kevin79763) bodies and [sports betting](https://wiki.sublab.net/index.php?title=User_talk:LucioGillison)."
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The commission has actually developed an in-house [Sports Betting](https://social.japrime.id/read-blog/23395_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) Intelligence Unit to get and distribute information to sporting authorities, [sports betting](https://realmadridperipheral.com/read-blog/6368_how-much-are-americans-spending-on-sports-betting.html) companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://chateando.net/read-blog/212_start-off-winning-with-pcg-college-football-picks.html) wagering," he says.
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"We will alert [sports betting](https://infinirealm.com/read-blog/8254_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) of our issues, to assist avoid or curtail [prohibited] activity"
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In May 2010, the commission likewise 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 been just one criminal prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous investigations, and that much beneficial details has actually likewise been passed to [sports betting](http://www.yasunli.co.id/Yasunli/wikipedia/index.php/Pengguna:BlythePowers26) 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 think about discontinuing a criminal investigation "in favour of letting [sports betting](https://nohio.org/index.php/User:Kathrin6768) governing bodies take the lead".
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Meanwhile, he says much of those wanting to cheat the [sports betting](http://www.larsaluarna.se/index.php/User:Kevin79763) industry were knowledgeable about [sports betting](https://tottenhamhotspurfansclub.com/read-blog/6675_for-sports-gambling-to-be-legalised.html) and sporting people, and about [sports betting](https://olympiquelyonnaisfansclub.com/read-blog/14800_things-you-need-to-learn-about-rafting-adventures.html) operations and the movement of cash.
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"They look for the vulnerabilities of these to assist in their enterprises."
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Related internet links
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World [sports betting](https://iuridictum.pecina.cz/w/U%C5%BEivatel:KatriceFairchild) 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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The BBC is not responsible for the material of external websites.
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