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Experts warn fast growing prediction markets may heighten match fixing and insider trading risks as sports betting scandals shake leagues.
Kolkata Police have arrested two individuals involved in a match-fixing and betting racket targeting the Kolkata Premier League. The arrests followed a complaint from the Indian Football Association,
While he remains uncharged by FBI and law enforcement, the 58-year-old referee has had his fair few run-ins with the wrong side of basketball. Foster was implicated during the 2007 trial of former NBA ref Tim Donaghy, who pled guilty on counts of match fixing and fraud.
Regulators and legal experts warn that insider trading could proliferate in professional sports as wagers migrate to prediction markets.
The NBA gambling scandal involving Chauncey Billups and Terry Rozier has been described as the tip of the iceberg.
Says prevalence of corrupt practices in cricket matches has an adverse impact on the game and undermines integrity of the sport.
Two individuals have been arrested for allegedly conspiring to fix football matches under the Indian Football Association, aiming for financial benefits. The case, initiated by a police complaint, highlights illegal manipulation involving technology.
India, despite being a cricketing powerhouse, does not have a specific law that criminalises match-fixing. The BCCI has thus argued for a wider interpretation of the offence of cheating.
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Kolkata Police has busted a match-fixing and betting racket and has arrested two people, who have "accepted their crime" after receiving a complaint from the Indian Football Association about some team managers and players in connection with alleged match fixing in the Kolkata Premier League,