According to some, online sports betting has created a global scenario for sports betting scandals whereas before the internet revolution these cases were prevalent more on a local basis. Sports betting was initially used to launder money and has now become the trend amongst criminals. Although crime has risen with the availability and reach of the internet, the same is not the case for the ability to trace money. To be able to do this efficiently, law enforcement must be able to trace as well the punter, the sportsbook, all servers involved in the transaction as well as all bank accounts which have been used by either party. Since the internet flows freely over countries and borders, a jurisdictional restricted police force will naturally lag way behind. Sportradar, a Swiss company specializing in monitoring and analysing the sports betting market, developed a program which looks for anomalies and suspicious behaviour during sporting events, ranging from local competitions, to regional and even global events. According to their data, at least 300 events are (potentially) fixed every year in Europe alone.
Latest Sports news
World's largest online sportsbook operator Bet365 is all set to enter into sports betting marketMay 29, 2020
The new partnership has begun between Bet365 and Century Casinos as the former entered in the Colorado Sports betting market.
New Jersey witness a drop in revenue while April brings some good news for online gamingMay 18, 2020
On Thursday, the New Jersey has released its gaming revenue reports for April, which revealed a 68.9% drop year-over-year, affected by COVID-19 pandemic.
ZenSports has announced the launch of white label sports betting suitApr 29, 2020
ZenSports has come up with the news of its launch of a new ZenSports firm for business product suite, designed to give sports industry organizations the talent to harness its peer-to-peer betting and cryptocurrency technology.
DC Sports Betting App Launch Delayed Due To CoronavirusApr 4, 2020
According to the office of Lottery and Gaming, the news of delaying the launch of DC sports betting has been officially confirmed.