From ffb36d9c38b799bd099d8f92f4e0086775f0693e Mon Sep 17 00:00:00 2001 From: ritadelatte30 Date: Thu, 30 Jan 2025 11:04:12 +0800 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 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..1128d13 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is big organization.
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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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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 company Sport & Markt approximates the overall worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://sttimothysignal.org/groups/latest-ma-sports-betting-proposal-includes-significant-tax-increase-restriction-on-real-time-betting/).
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But when the stability of occasions are struck the gaming market suffers, and incomes are put under danger if customers can not wager with self-confidence.
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And there can have been couple of higher-profile sport betting 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 discuss the [sports betting](https://ai.ceo/read-blog/269315_new-ma-sports-betting-proposal-contains-massive-tax-boost-amp-restriction-on-liv.html) gambling market now.
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"Not just is it a considerable market in world organization, 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 allegations relating to a test versus England at Lord's last month.
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Three of these gamers have stated they will likewise 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 allegations, however was banned recently for 6 months for stopping working to report the illegal approach to him to toss frames.
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There are likewise two other continuing investigations - unrelated 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 perceived as honest, straight and reasonable that benefits betting companies due to the fact that individuals will invest money betting with confidence," he says.
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"If you take the Pakistan allegations, although unrelated to the UK controlled betting market ... it is not actually a favorable story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we might need 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 Law Report conference into [sports betting](http://video.firstkick.live/read-blog/6474_sport-betting-industry-looks-to-protect-itself.html) gambling, the focus needs to be on sportsmen 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 competitors or the referee."
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His organisation represents guys and ladies in 15 sports 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 inadequate to simply have deterrents, sanctions and disciplinary procedures, but that the way to deal with possible issues around gamers is also through education.
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Mr Taylor says rules need to be described clearly to players with clear examples, and by people they appreciate.
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"Through educating gamers about [sports betting](https://iraqians.com/index.php/blog/123046/latest-massachusetts-sports-betting-proposal-features-massive-tax-increase-/) wagering you enhance integrity which remains in everybody's interest," he includes.
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"If players are harder 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, agrees.
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"Prevention is better than remedy, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is imperative that sport is directly, and is seen to be straight," he adds.
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"If it loses that then people don't wish to bet, that is not in betting firms' interests, and it is not in our interests."
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He said that when an excellent credibility was lost, the damage to a sport was "enormous".
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FA guidelines suggest players are not permitted to bank on a competitors in which they are involved.
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Mr Johnson states players have to be seen not to be cashing in on any inside knowledge, which he states might cause "brand name damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not bet on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to players the reputational threat to the video 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" approach, then perhaps Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to regulate commercial gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://socialsmerch.com/read-blog/11934_latest-ma-sports-betting-bill-includes-significant-tax-increase-and-prohibition.html) taking location 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 possible to undermine the stability of a sport, and it also damages the commercial interests of sports bodies and [sports betting](https://www.tobeop.com/cover-the-bases-sports-betting-news-and-notes-from-the-past-week/) wagering."
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The commission has developed an in-house [Sports Betting](https://ywp.freewebhostmost.com/community/index.php?qa=170985&qa_1=latest-sports-betting-features-significant-boost-betting) Intelligence Unit to get and disseminate info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://newnormalnetwork.me/read-blog/6453_latest-massachusetts-sports-betting-proposal-contains-massive-tax-increase-amp-p.html)," he says.
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"We will inform sports of our issues, to assist prevent or curtail [illegal] activity"
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In May 2010, the commission likewise presented a personal telephone hotline for those with info or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has actually been just 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 continuous examinations, and that much beneficial information has actually also been passed to [sports betting](http://www.mizmiz.de/read-blog/103201_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) 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 examination "in favour of letting sports governing bodies take the lead".
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Meanwhile, he states many of those aiming to cheat the [sports betting](http://touringtreffen.nl/read-blog/4135_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) market were educated about [sports betting](https://spcreator.com/read-blog/92_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) and sporting people, and about wagering operations and the motion of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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