IOC invests $20 million to fight doping and match-fixing

The International Olympic Committee is planning on renewing the fight against its biggest threats: doping and match-fixing, which have been greatly affecting the credibility of the games.

Thomas Bach, the new president of the International Olympic Committee, announced after a four day meeting (to brainstorm how to stop these threats) that the organization would invest up to $20 million to this purpose.

The board agreed to generate a $10 million fund to finance research to develop new and better techniques to detect drug users. These techniques will be backed by asistance from national governments to match the same figures and aid the World Anti-Doping Agency.

The International Olympic Committee will also be creating a separate fund worth $10 million to “protect the clean athlete from any kind of manipulation or related corruption”, which deals with match-fixing and illegal wagering.

Recent Posts

Sportsbet.io and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

4 days ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

7 days ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

4 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

1 month ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago