commit f6a16bbce3dc01783e436c914e678b7f4dc0fb1d Author: leonbarton266 Date: Wed Jan 29 23:10:49 2025 +0800 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..1aa01ce --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is big business.
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Sport England approximates the worth of spending on sport-related betting in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is 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 total global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://www.hb9lc.org/wiki/index.php/UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling) gaming.
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But when the integrity of events are hit the betting industry suffers, and revenues are put under threat if consumers can not wager with 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 speak about the [sports betting](https://innovator24.com/read-blog/26627_latest-ma-sports-betting-legislation-features-significant-tax-increase-and-prohi.html) market now.
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"Not just is it a substantial 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 accusations connecting to a test versus England at Lord's last month.
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Three of these players 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 claims, however was prohibited recently for 6 months for failing to report the prohibited technique to him to throw frames.
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There are likewise 2 other continuing investigations - 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 fair that benefits wagering firms due to the fact that individuals will spend money betting with confidence," he says.
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"If you take the Pakistan allegations, although unrelated to the UK managed wagering industry ... it is not actually a positive story for betting in the UK.
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"That is because the understanding is that 'cricket is now something we may need to take care 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 professionals at a World [sports betting](https://wiki.tld-wars.space/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) Law Report conference into [sports betting](http://infra1.co.kr/bbs/board.php?bo_table=free&wr_id=48890), 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 males and females in 15 [sports betting](https://drapia.org/11-WIKI/index.php/Latest_Massachusetts_Sports_Betting_Legislation_Includes_Significant_Tax_Hike_Prohibition_On_Real-Time_Betting) 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 insufficient to merely have deterrents, sanctions and disciplinary procedures, but that the way to tackle possible problems around gamers is likewise through education.
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Mr Taylor states rules require to be explained clearly to gamers with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://drapia.org/11-WIKI/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) you strengthen integrity and that remains in everybody's interest," he adds.
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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 recommendations at the Football Association, concurs.
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"Prevention is better than remedy, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is important that sport is straight, and is seen to be straight," he includes.
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"If it loses that then people don't want to wager, that is not in betting companies' interests, and it is not in our interests."
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He said that once an excellent reputation was lost, the damage to a sport was "enormous".
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FA guidelines imply gamers are not allowed to wager on a competitors in which they are included.
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Mr Johnson states players need to be seen not to be cashing in on any inside understanding, which he states could 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 autumn can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to players the reputational threat to the game," he says. "Once confidence has been harmed it is tough 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 guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to regulate commercial betting 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 betting, which is the remit of the FSA.
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"The frustrating bulk of sports wagering happening through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting occasion.
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"Such cheating has the prospective to undermine the stability of a sport, and it also hurts the commercial interests of sports bodies and [sports betting](https://sttimothysignal.org/groups/sport-betting-industry-looks-to-protect-itself/) wagering."
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The commission has actually developed an internal [Sports Betting](https://social.concienciacasanare.com/read-blog/157_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Intelligence Unit to receive and disseminate information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://moon.gandme.co.kr/bbs/board.php?bo_table=free&wr_id=733805) wagering," he states.
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"We will alert sports of our issues, to assist prevent or reduce [illegal] activity"
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In May 2010, the commission also introduced 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 period there has been simply one prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, and that much useful details has actually likewise been passed to [sports betting](https://parentingliteracy.com/wiki/index.php/Latest_Massachusetts_Sports_Betting_Proposal_Features_Significant_Tax_Increase_Prohibition_On_Live_Betting) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would consider discontinuing a criminal examination "in favour of letting [sports betting](https://www.ayuujk.com/read-blog/1092_sport-betting-industry-seeks-to-protect-itself.html) governing bodies take the lead".
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Meanwhile, he says a lot of those wanting to cheat the [sports betting](https://club.at.world/read-blog/82) market were experienced about [sports betting](https://ai-minecraft.com/read-blog/1086_latest-massachusetts-sports-betting-bill-includes-substantial-tax-boost-amp-proh.html) and sporting people, and about wagering operations and the movement of money.
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"They look for out the vulnerabilities of these to help in their enterprises."
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