News

Report: Gangs launder $140B through sports

Report: Gangs launder $140B through sports

SPORTS:Soccer and cricket were identified as the sports most threatened by criminals seeking to rig the gambling market but tennis, basketball, motor racing and badminton were also affected, according to the report. Photo: clipart.com

PARIS (Reuters) – Criminals are using betting on sports events to launder $140 billion each year, a report said on Thursday, exposing a lack of effective regulation that allows match-fixing to spread.

Soccer and cricket were identified as the sports most threatened by criminals seeking to rig the gambling market but tennis, basketball, motor racing and badminton were also affected, according to the report.

“The rapid evolution of the global sports betting market has seen an increased risk of infiltration by organized crime and money laundering,” said Chris Eaton of the Qatar-based International Centre for Sport Security (ICSS).

The report, compiled by the ICSS and the Sorbonne in Paris, said that 80 percent of global sports betting was being carried out on illegal markets, placing it beyond the reach of regulators and investigators.

A number of soccer leagues have been hit by match-fixing scandals in recent years and three Pakistani cricketers were jailed for a plot to deliberately bowl no balls during a test match against England at Lord’s in 2010.

Technology and live television have transformed the sports betting market in recent years, allowing viewers to bet on a wider range of events and gamble in real time as a match progresses.

Eaton, a former head of security at FIFA, said the changes have made suspect betting patterns harder to spot.

Among solutions, the report recommended a sports betting tax to finance investigations into match-fixing and closer cooperation between betting companies and sporting bodies.

(Writing by Keith Weir, Editing by Ed Osmond)

Recent Headlines

in Local Sports

Doug Baldwin headlines group of unheralded receivers

Seattle Seahawks wide receiver Jermaine Kearse (15) celebrates after scoring on a 63-yard touchdown reception next to wide receiver Doug Baldwin (89) during the first half of an NFL divisional playoff football game against the Carolina Panthers in Seattle, Saturday, Jan. 10, 2015.

Criticism of Seattle's receivers comes from ex-players-turned-broadcasters, other reporters and plenty of fans on social media.

in Local Sports

Chancellor “looked pretty good” as Seahawks finish prep

Seattle Seahawks strong safety Kam Chancellor (31) celebrates a hit on St. Louis Rams' Stedman Bailey in the first half of an NFL football game, Sunday, Dec. 29, 2013, in Seattle.

Seahawks strong safety Kam Chancellor "looked pretty good" on Saturday according to coach Pete Carroll.

in Local Sports

Seahawks’ D could earn spot in NFL lore with Super Bowl win

Seattle Seahawks safety Kam Chancellor, left, and cornerback Richard Sherman warm up with their teammates at the start of NFL football practice Wednesday, Jan. 29, 2014, in East Rutherford, N.J. The Seahawks and the Denver Broncos are scheduled to play in the Super Bowl XLVIII football game Sunday, Feb. 2, 2014.

The Seahawks are the first team since coach Buddy Ryan's 1985-86 Chicago Bears to give up the fewest points per game and fewest yards per game in back-to-back seasons.

in Local Sports

Viking men rout Nanooks

WWU Jeffrey Parker and Jamon Echols

Jeffrey Parker scored 26 points to break open a tight contest as Western Washington University pulled away to an 80-57 victory over University of Alaska Fairbanks.

in Local Sports

Prep Hoops Scoreboard

Basketball

Saturday 1/31/2015 High School Scores