Tag Archives: sports corruption

BetFair’s Mark Davies will advise the UK government on sports betting integrity.

BetFair’s Mark Davies will be one member on the expert panel about sports betting integrity (betting corruption) that the UK government is setting up. Previously: June 28’s BetFair millionaire story in the News Of The World was total bullshit.

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Did Patri Friedman misread BetFair?

About the latest New York Times story on BetFair fighting sports corruption… Patri Friedman: Prediction markets not only make fixing easier to profit from, by creating a liquid market for insider betting, but they also make it easier to detect, … Continue reading

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BetFair makes the frontpage of the New York Times –as the White Knight of sports. — Note that the term “prediction markets” is never pronounced. — TradeSports is not mentioned, but the last paragraph of the article suggests that all Internet sports betting should be legal and regulated.

- Previously: BetFair’s Mark Davies on sports betting and the fight against corruption -

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If the British legal betting companies offer bets on the sport, it is because there is demand for bets on the sport —and if that demand were not offered in a regulated environment, it would be filled in an unregulated one (like what we see with TradeSports-InTrade and MatchBook in the US market).

Mark Davies of BetFair (PDF file): International Leaders in Sport conference, Auckland, New Zealand. April 3-4th 2008. Keynote speech, April 4th. Mark Davies, Betfair. “New Understandings in Sports Betting” Minister, ladies and gentlemen… Thank you very much for your kind … Continue reading

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The BetFair spin doctor is out to insist that BetFair is clean.

Mark Davies (BetFair’s Managing Director) — #1. Via our good friend Niall O’Connor, an interview (in French) of Mark Davies in the (French) Journal Du Net: [Translation by CFM.] #1. BetFair is ready to operate in France, if the French … Continue reading

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Is Steve Levitt right on the reason why a betting operator is willing to fight sports corruption and cheating?

Steve Levitt (a man whom I admire) says that the Las Vegas bookmakers (sportsbooks) “helped authorities catch point-shaving football players at the University of Toledo” because: It is no surprise that the sportsbooks take an active role in this endeavor: … Continue reading

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Where is the libertarian critique of Justin Wolfers’ Op-Ed on point-shaving betting in the New York Times?

Nowhere. Not on Freakonomics. Not on Marginal Revolution. Not on Caveat Bettor. Nobody asked the good questions: Why is it that point-shaving betting is so popular? Could it be that bettors like point-shaving betting very much for good reasons? And … Continue reading

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BetFair is ethical and responsible, whereas InTrade-TradeSports is not.

BetFair – Responsible Gambling Here’s a republication of their warning: — Responsible Gambling Betfair’s Responsible Gambling Policy Betfair is committed to endorsing responsible wagering among its customers as well as promoting the awareness of problem gambling and improving prevention, intervention … Continue reading

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BetFair fights the sports corruption that it suscitates.

Via Niall O’Connor of Betting Market, UK’s Horseracing Regulatory Authority: 3. The essence of the case put against them by Mark Warby QC on behalf of the HRA was that they were engaged in passing inside information for reward to … Continue reading

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BetFair fixes the sports corruption that it suscitates.

Guardian: [...] Five other unlicensed individuals are liable to exclusion as the panel found they used betting exchange accounts in their names to lay – or authorised Khan to lay on their Betfair accounts – horses to lose as a … Continue reading

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