commit f3129b6746e52723e55881305d2de239845dbded Author: jennacarranza4 Date: Wed Dec 18 07:02:08 2024 +0100 Add Sport Betting Industry Wants To Protect Itself diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..cd8a286 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering industry wants to secure 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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[sports betting](https://www.grandtribunal.org/wiki/User:YvetteFulcher43) on sport is huge business.
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Sport England approximates the value of spending on sport-related [sports betting](http://www.engel-und-waisen.de/index.php/Benutzer:LudieJanzen7458) 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 even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research firm Sport & Markt estimates the total worldwide gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://opensourcebridge.science/wiki/User:AllanCaulfield7) gaming.
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But when the stability of occasions are struck the gaming industry suffers, and incomes are put under threat if customers can not bet with confidence.
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And there can have been few higher-profile sport wagering 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 talks about the [sports betting](https://oeclub.org/index.php/User:MathiasLoftus) gambling market now.
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"Not only is it a significant market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations connecting to a test against England at Lord's last month.
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Three of these gamers have said they will likewise challenge the corruption charges installed 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, but was banned last week for six months for stopping working to report the illegal technique to him to throw frames.
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There are likewise two 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, one of the UK's greatest online sporting exchanges.
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"If the sport is perceived as honest, straight and reasonable that is good for [sports betting](https://infinirealm.com/read-blog/8239_for-sports-gambling-to-be-legalised.html) firms because people will invest money wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK regulated [sports betting](https://app.theremoteinternship.com/read-blog/25781_how-to-attract-users-to-my-fantasy-sports-platform.html) industry ... it is not actually a favorable story for [sports betting](https://wiki.ragnaworld.net/index.php?title=User:NBTLiam4102141) in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may have to take care 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 specialists at a World [sports betting](https://groups.chat/read-blog/10930_things-you-need-to-know-about-rafting-adventures.html) Law Report conference into [sports betting](https://followingbook.com/read-blog/20193_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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His organisation represents males and women in 15 [sports betting](https://younivix.com/read-blog/29894_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.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 sufficient to merely have deterrents, sanctions and disciplinary procedures, but that the way to take on potential problems around gamers is also through education.
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Mr Taylor states rules require to be discussed plainly to players with clear examples, and by people they respect.
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"Through educating players about [sports betting](https://mysuccessdarpan.com/read-blog/12236_how-to-play-bet9ja-online.html) wagering you enhance integrity and that remains in everybody's interest," he adds.
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"If players are more difficult to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal advice at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of telling players 'you are going to be caught'."
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"It is imperative that sport is straight, and is seen to be directly," he adds.
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"If it loses that then individuals don't desire to bet, that is not in [sports betting](https://infinirealm.com/read-blog/8224_just-how-much-are-americans-spending-on-sports-betting.html) companies' interests, and it is not in our interests."
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He said that as soon as a great track record was lost, the damage to a sport was "enormous".
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FA guidelines indicate players are not allowed to wager on a competition in which they are involved.
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Mr Johnson states players have actually to be seen not to be cashing in on any inside knowledge, which he states might trigger "brand damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to gamers the reputational risk to the video game," he says. "Once confidence has actually 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" approach, then perhaps Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The was established under the Gambling Act 2005 to manage business gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](http://ringturbine.com:80/index.php/User:PKKTerry41329) wagering happening through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it likewise damages the business interests of [sports betting](https://vibrantclubs.com/read-blog/11051_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) bodies and [sports betting](https://demo.wowonderstudio.com/read-blog/2603_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html)."
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The commission has established an internal [Sports Betting](http://yijichain.com/read-blog/15044_how-to-play-bet9ja-online.html) Intelligence Unit to get and distribute info to sporting authorities, [sports betting](https://werderbremenfansclub.com/read-blog/14050_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://woodsrunners.com/index.php/User:ZWTBarney3) wagering," he states.
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"We will inform [sports betting](https://wiki.rrtn.org/wiki/index.php/User:OctavioBorelli) of our issues, to assist prevent or curtail [unlawful] activity"
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In May 2010, the commission also introduced a personal 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 simply one criminal prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous examinations, and that much helpful information has actually also been passed to [sports betting](https://olps.co.za/wiki/User:MerissaEmanuel) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would think about terminating a criminal investigation "in favour of letting [sports betting](https://tottenhamhotspurfansclub.com/read-blog/6681_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) governing bodies take the lead".
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Meanwhile, he states a lot of those wanting to cheat the [sports betting](https://www.vancouverrowingclub.wiki/index.php/User:LatashaBadilla) wagering industry were educated about [sports betting](https://kiigasofthub.com/read-blog/10097_sport-betting-industry-seeks-to-protect-itself.html) and sporting people, and about [sports betting](https://bdstarter.com/how-fantasy-betting-app-development-companies-and-sports-developers/) operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://kiigasofthub.com/read-blog/10111_exploring-the-sports-betting-industry-putting-ideas-into-practice.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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
BLP
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Gambling Commission
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