Sportradar has made the decision to ‘further invest into the future of sport’ by offering its Universal Fraud Detection System (UFDS) free of charge to sports federations and leagues.
In a recent video, the sports data and analytics company detailed how the UFDS works, and how the organisation cooperates with its partners to ‘innovate to safeguard the integrity of sporting events’.
In place since 2005, the UFDS is offered free of charge to various sports federations and leagues worldwide, utilising technology to filter and analyse data from over 600 global betting operators, and processing over 7.5 billion datasets per day.
The system is leveraged by 70 different sporting bodies across the globe, covering over 60 sports and monitoring 10000 leagues and competitions annually, equating to ‘well over half a million sporting events in total’.
Sportradar detailed: “Account level betting data from 130 global operators with more than 7m betting tickets processed per day, allows us to detect suspicious activity in both major and minor betting markets.
“However it’s not just the advanced technology that makes this system operate effectively. Sportradar employs over 50 sports and betting experts across the globe to scrutinise and assess betting patterns and ultimately report any suspicious activity to our partners.
“In the last decade over 5000 matches across over 15 different sports were highlighted and brought to the attention of our partners as suspicious thanks to our universal fraud detection solution.”
As a result of effectively utilising the UFDS, Sportradar’s partners have secured more than 400 sporting sanctions and 50 successful criminal convictions against individuals attempting sport, and the system has been used as evidence in front of the n front of the Court of Arbitration for Sport (CAS)
The firm continued: “Sportradar’s UFDS is constantly evolving and improving. Investing heavily in machine learning and AI. This resulted in developments such as: smarter alerting, learning from the betting data which has been gathered over the past 10 plus years, customised alerting developed for different sports and for different levels of competitions within the sports and the machine learning algorithm to support automated detection of suspicious betting patterns.
“Match-fixing and betting fraud is evolving, the threat globally to sport is as high today as it has ever been and it requires a multifaceted technologically driven approach to stay ahead of the game.
“The UFDS is constantly advancing as a bet monitoring solution to meet these challenges and to ensure that more global sports can access the reliable bet monitoring they require.”
Source – Sportradar YouTube Channel
