Online sports betting market and new technologies: fertile ground for fraud and crime
Keywords:sport betting market, match-fixing, organized crime, corruption, fraud, money laundering
The massification of new technologies have radically changed the sports betting industry. Nowadays, millions of people bet online, and in real time, in a wide range of sport events worldwide. This global market has generated several opportunity structures for crime and fraud. In this current landscape, match-fixing has evolved from being a historical phenomenon in the world of sports to a global criminal problem involving transnational criminal syndicates, professional gamblers, businessmen, umpires, athletes, and intermediaries. Despite the fact that match-fixing has been placed on the public agenda as the greatest threat against the sustainability of the sport, the complexity and extension of the new betting market generates possibilities for fraud, cheating and crime that go beyond fixed matches or competitions. The article has the pedagogical and practical objective of explaining and systematizing the changes in the betting market and types of bets and describing the new opportunity structures for crime and fraud that arise from the new commercial framework. Considering the lack of studies about these issues, the article opens a window of opportunity for new lines of multidisciplinary research on sport, crime, economics and public policy.
Authors who publish in this Journal must agree the following terms and conditions:
- Authors retain copyright and grant the Journal the right to first publication, while simultaneously agreeing to a Creative Commons Attribution License, which allows others to share their work on condition that they cite the original author(s) and recognise that the latter’s work was first published in this Journal.
- Authors are authorised to enter into additional contracts separately, for non-exclusive distribution of the version of the work that is published in this Journal (e.g. publication in an institutional repository or as a book chapter), subject to recognition of initial publication in this Journal.