commit 8270848f6a6f64a6fe3e5b04b09e8300647af7ae Author: glendalabbe991 Date: Thu Jan 16 14:10:51 2025 +0000 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..96074f6 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering market wants to secure 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://camlive.ovh/read-blog/2411_how-fantasy-betting-app-development-companies-and-sports-developers.html) on sport is substantial business.
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Sport England approximates the worth 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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And that figure is most likely to have actually 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 general worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://social.redemaxxi.com.br/read-blog/1469_just-how-much-are-americans-investing-in-sports-betting.html) gambling.
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But when the integrity of events are struck the gambling market suffers, and incomes are put under hazard if customers can not bet with self-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](https://namesdev.com/read-blog/15195_how-fantasy-betting-app-development-companies-and-sports-developers.html) 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 papers."
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Four Pakistan cricketers have been questioned by authorities 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 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 banned last week for 6 months for stopping working to report the unlawful technique to him to throw frames.
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There are also 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 most significant online sporting exchanges.
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"If the sport is viewed as sincere, straight and reasonable that is good for [sports betting](https://hcsxy2024.com/read-blog/2040_how-to-attract-users-to-my-fantasy-sports-platform.html) companies because people will spend cash wagering with confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK managed wagering market ... it is not truly a positive story for wagering in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we might need to beware 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://inicknet.com/read-blog/2269_things-you-need-to-understand-about-rafting-adventures.html) Law Report conference into [sports betting](https://blablasell.com/read-blog/11991_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html), the focus has to be on sportsmen 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 competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://ifairy.world/read-blog/1358_compare-amp-review-oddsjet-de.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He thinks that it is inadequate to simply have deterrents, sanctions and disciplinary procedures, however that the method to take on possible concerns around players is likewise through education.
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Mr Taylor states guidelines need to be discussed plainly to gamers with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://parentingliteracy.com/wiki/index.php/User:RileyJaramillo) 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 regulatory legal recommendations at the Football Association, concurs.
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"Prevention is better than cure, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is essential that sport is straight, and is seen to be straight," he includes.
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"If it loses that then individuals do not want to bet, that is not in [sports betting](https://twitemedia.com/read-blog/92_online-betting-firms-gamble-on-soccer-mad-nigeria.html) companies' 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 mean gamers are not permitted to bet on a competition in which they are involved.
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Mr Johnson states players have to be seen not to be capitalizing any inside understanding, which he states could trigger "brand damage" to football and its competitors.
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So, even a 2nd Division player knocked out of the FA Cup in the autumn can not bank on a Manchester United v final the following spring.
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"We have to overcome to players the reputational threat to the game," he says. "Once self-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 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 manage commercial [sports betting](https://unitedstatesofbiafra.com/read-blog/59_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all betting 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://www.hb9lc.org/wiki/index.php/User:RitaBankston336) taking place through UK operators is legal and fair," he says.
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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 potential to undermine the integrity of a sport, and it also harms the industrial interests of [sports betting](https://thatswhathappened.wiki/index.php/User:AlisaHogben1276) bodies and [sports betting](https://ou812chat.com/read-blog/10106_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) wagering."
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The commission has actually developed an in-house [Sports Betting](https://forum.webmark.com.tr/index.php?qa=85662&qa_1=for-sports-gambling-to-be-legalised) Intelligence Unit to get and share details to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:TerriHemming94)," he states.
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"We will alert [sports betting](https://kenyansocial.com/read-blog/1327_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) of our issues, to assist prevent or cut [illegal] activity"
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In May 2010, the commission also introduced 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 actually been simply one prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing investigations, and that much helpful information has likewise been passed to [sports betting](https://issosyal.com/read-blog/10860_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost reliable, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://idaivelai.com/read-blog/9_for-sports-gambling-to-be-legalised.html) governing bodies take the lead".
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Meanwhile, he says many of those looking to cheat the [sports betting](https://www.proathletediscuss.com/read-blog/402_how-to-play-bet9ja-online.html) wagering industry were knowledgeable about [sports betting](https://miderde.de/index.php?title=Benutzer:EmersonInwood0) and sporting people, and about wagering operations and the motion of money.
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"They look for out the vulnerabilities of these to assist in their enterprises."
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Related web links
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World [sports betting](https://messengerkivu.com/read-blog/2355_just-how-much-are-americans-spending-on-sports-betting.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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