BetFair.com operate memorandums of understanding (MoUs) with 25 governing bodies to help draw attention to suspicious betting patterns.

BetFair.com spokesman Tony Calvin said:

We don’t offer a lot of markets of this kind [see the article below] because the rules have to be watertight for backer and layer.

The Times on quirky bets and the sports integrity problematic.

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#1. It’s never reported by the U.S. media (who mainly republish P.R. outputs) and the U.S. prediction market scholars (who work in symbiosis with the four main exchanges) that TradeSports-InTrade has signed no MoUs with the U.S. sporting bodies. Thus, it is possible for any U.S. professional athlete (or any U.S. professional sport team) to cheat in a competition, and to profit from short-selling the appropriate event derivative on TradeSports-InTrade.

#2. Also you will observe that BetFair adheres to the “responsible gambling” principles, whereas TradeSports-InTrade does not. This is never reported, too.

#3. BetFair is regulated by U.K.’s Gambling Commission, whereas TradeSports-InTrade is not regulated. Never reported.

#4. BetFair belongs to the Independent Betting Arbitration Service, whereas TradeSports-InTrade does not. Never reported.

#3. The Midas Oracle readers should know that I have received e-mail insults from Ireland accusing me of “masturbating” with BetFair… which is rated as a crime in Ireland, apparently. P.S.: Thank God for Irish-born Niall O’Connor of Betting Market, who is a sweetie and a beacon, and who gives us a good impression about his wonderful and brave country of origin.