A new study of sports betting, corruption and match-fixing estimates organised crime launders around 100 billion euros (£85bn) a year by laying bets on sporting events.
The Qatar-based International Center for Sport Security and the Pantheon-Sorbonne University in Paris say 'hundreds, if not thousands of cases are suspected to have taken place in 2013 alone'.
The report, which drew on the knowledge and expertise of over 70 international experts, says 80 per cent of global sports betting is being carried out on illegal markets, placing it beyond the reach of regulators and investigators.
A number of soccer leagues have been hit by match-fixing scandals in recent years and three Pakistani cricketers were jailed for a plot to deliberately bowl no balls during a Test match against England at Lord's in 2010.
Technology and live television have transformed the sports betting market in recent years, allowing viewers to bet on a wider range of events and gamble in real time as a match progresses.
Chris Eaton of the ICSS, a former head of security at FIFA said: "The rapid evolution of the global sports betting market has seen an increased risk of infiltration by organised crime and money laundering.
The Qatar-based International Center for Sport Security and the Pantheon-Sorbonne University in Paris say 'hundreds, if not thousands of cases are suspected to have taken place in 2013 alone'.
The report, which drew on the knowledge and expertise of over 70 international experts, says 80 per cent of global sports betting is being carried out on illegal markets, placing it beyond the reach of regulators and investigators.
A number of soccer leagues have been hit by match-fixing scandals in recent years and three Pakistani cricketers were jailed for a plot to deliberately bowl no balls during a Test match against England at Lord's in 2010.
Technology and live television have transformed the sports betting market in recent years, allowing viewers to bet on a wider range of events and gamble in real time as a match progresses.
Chris Eaton of the ICSS, a former head of security at FIFA said: "The rapid evolution of the global sports betting market has seen an increased risk of infiltration by organised crime and money laundering.
posted from Bloggeroid
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