From 7ad47dbb80a1cc7d5a7821fd95fa30082c0b11ed Mon Sep 17 00:00:00 2001 From: adamu012765741 Date: Sat, 21 Dec 2024 16:07:41 +0300 Subject: [PATCH] Add 'Sport Betting Industry Wants To Protect Itself' --- ...etting-Industry-Wants-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md 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..7e35cb5 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering market wants to safeguard 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://hyped4gamers.com/read-blog/2397_for-sports-gambling-to-be-legalised.html) on sport is huge company.
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Sport England approximates the worth of costs on sport-related [sports betting](https://palkwall.com/read-blog/27758_how-fantasy-betting-app-development-companies-and-sports-developers.html) 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 approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research company Sport & Markt approximates the general international gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://wiki.sublab.net/index.php?title=User_talk:GuyJpm1819).
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But when the integrity of events are struck the gaming industry suffers, and earnings are put under risk if customers can not bet with self-confidence.
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And there can have been few higher-profile sport [sports betting](https://theconnectly.com/read-blog/4177_things-you-need-to-understand-about-rafting-adventures.html) 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://sportstalkhub.com/read-blog/20489_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) market now.
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"Not just is it a substantial market in world business, 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 claims connecting to a test against England at Lord's last month.
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Three of these players have actually said 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 champ John Higgins was cleared of match-fixing claims, but was banned last week for six months for stopping working to report the prohibited approach to him to toss frames.
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There are likewise two other continuing examinations - unrelated 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 greatest online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is great for wagering firms since individuals will invest cash [sports betting](https://club.at.world/read-blog/23_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) with self-confidence," he says.
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"If you take the Pakistan allegations, although unassociated to the UK regulated [sports betting](https://farmwoo.com/read-blog/9519_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) industry ... it is not really a positive story for betting in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we may need to be mindful 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://miderde.de/index.php?title=Benutzer:VeronaCjk705) Law Report conference into [sports betting](http://famedoot.in/read-blog/93_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only people who can repair a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](http://wiki-tb-service.com/index.php?title=Benutzer:GuyEspinoza6) 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 insufficient to merely have deterrents, sanctions and disciplinary procedures, however that the method to take on potential issues around players is likewise through education.
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Mr Taylor says guidelines need to be explained clearly to players with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](https://social.mirrororg.com/read-blog/7692_things-you-need-to-know-about-rafting-adventures.html) you enhance stability which is in everybody's interest," he includes.
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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 suggestions at the Football Association, agrees.
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"Prevention is much better than cure, and we also make a point of informing 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 people don't desire to wager, that is not in gambling firms' 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 "incalculable".
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FA rules mean players are not allowed to bank on a competitors in which they are included.
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Mr Johnson states gamers have actually to be seen not to be cashing in on any inside understanding, which he says could trigger "brand name damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup last the following spring.
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"We need to get over to players the reputational risk to the video game," he says. "Once self-confidence has 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" technique, then possibly Nick Tofiluk, 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 industrial betting in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all [sports betting](https://ai.ceo/read-blog/244265_things-you-need-to-know-about-rafting-adventures.html) in the UK apart from spread [sports betting](https://twixxor.com/read-blog/8907_sport-betting-industry-wants-to-protect-itself.html), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:CLTJuliana) wagering occurring 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 weaken the integrity of a sport, and it likewise hurts the commercial interests of [sports betting](https://app.theremoteinternship.com/read-blog/25786_the-history-of-the-nfl-and-how-to-bank-on-it.html) bodies and [sports betting](https://social.vetmil.com.br/read-blog/14984_compare-amp-review-oddsjet-de.html) wagering."
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The commission has actually established an internal [Sports Betting](https://oninabresources.com/uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling/) Intelligence Unit to receive and share information to sporting authorities, [sports betting](https://sundaycareers.com/read-blog/2633_for-sports-gambling-to-be-legalised.html) companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://www.sportfansunite.com/read-blog/237_enhance-your-business-opportunities-with-efficient-sports-apps.html) wagering," he states.
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"We will alert [sports betting](https://cittaviva.net/read-blog/21778_sport-betting-industry-looks-to-protect-itself.html) of our concerns, to assist prevent or curtail [prohibited] activity"
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In May 2010, the commission likewise introduced a confidential 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 duration there has been simply one criminal prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous examinations, and that much useful details has likewise been passed to [sports betting](https://www.yewiki.org/User:KristiSam10510) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost effective, then the commission would think about terminating a criminal investigation "in favour of letting [sports betting](https://humped.life/read-blog/7046_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he says a number of those seeking to cheat the [sports betting](https://ai.tienda/read-blog/7281_sport-betting-industry-looks-to-protect-itself.html) industry were educated about [sports betting](http://t-salon-de-jun.com/board/5779955) and sporting individuals, and about betting operations and the movement of cash.
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"They look for out the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://thatswhathappened.wiki/index.php/User:Pedro2932709620) 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 content of external websites.
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