Tag: University Paris
Illegal sports betting accountable for $140bn in money laundering
May 19, 2014
iGaming Business – A joint report by University Paris 1 Pantheon Sorbonne and the International Centre for Sports Security (ICSS) has revealed that illegal sports betting is responsible for laundering $140 billion (€102.4 billion) of money, accounting for 80% of all betting on sport. The report, entitled ‘Protecting the Integrity of Sports Competition – The Last Bet for Modern Sport’, presents the findings of a two-year research project. The study discovered all sports around the world are vulnerable to match-fixing, which is driven by illegal betting. Although football and cricket were highlighted as the most vulnerable sports, the report also…