What is it?
On Day 2 of Betting on Sports Europe – Digital a panel titled ‘Market forces – when are bets too risky to take?’
Spot fixing brings some of betting’s derivative markets into sharp focus. What impact has the exponential growth of sportsbooks had on the fight against corruption? Are we approaching a situation when sportsbooks should consider limits on the markets they offer on certain sports and on whether they can even take wagers on low level sports that present a risk to integrity? Is there a correlation between identified match fixing and a particularly vulnerable betting offer?
Who is it?
Gustaf Hoffstedt, Secretary General, BOS.NU
Gilles Maillet, Director of Sports Integrity, LFDJ
Oliver Lamb, Head Sportsbook Controller, Kambi
Scott Longley, CEO, Clear Concise Media
BOS.NU: The industry association for online gaming (BOS) represents more than twenty online gaming companies that conduct gaming operations in Sweden. As members, the association has both gaming companies that address direct to gaming consumers (B2C – business to consumer), and game developers who sell gaming products and maintenance to the B2C companies.
Selling games directly to consumers is a licensed business in Sweden. All B2C members in BOS hold a Swedish gaming license.
BOS works for a healthy and safe gaming market that is characterised by a high level of consumer protection and good and equal conditions for all players in the gaming market.
LFDJ: Française des Jeux is the operator of France’s national lottery games, and the title sponsor of the FDJ cycling team.
Kambi: Provider of premium sports betting technology and services to the regulated global betting and gaming industry.
Clear Concise Media: Scott Longley has been a journalist since the early noughties covering personal finance, sport, and gambling. he has worked for a number of publications, including investor’s week, bloomberg money, football first, egaming review and gambling compliance.
What is being said?
From 1 January 2021, the Swedish Gaming Authority will prohibit locally licensed operators from offering bets on lower football tiers.
Gustaf Hoffstedt stated: “You don’t have to be super smart to figure out where those bets will go instead! They will most likely be adopted by the global unlicensed operators, which is a huge problem when it comes to monitoring Swedish football. Licensed operators do cooperate, and of course contact law enforcement when they detect something suspicious.
“I’m not confident that unlicensed operators share that interest to cooperate with competitors nor law enforcement. For that reason, to prohibit those betting markets for regulated operators is almost like putting needles in your eyes, you will become totally blind to what happens below the surface.”
Why should I watch it?
To watch a nicely weighted debate on how the decision made by the Swedish Gaming Authority to prohibit betting on lower football tiers will affect local Swedish operators, how the introduction of the prohibition could be advantageous to offshore operators and what it means for the integrity of the sport.
Where can I see more?
Source: SBC Youtube Channel