A report by the International Betting Integrity Association (IBIA) has found that match fixing costs the betting industry approximately $25m (£18m/€21m) every year.
The figure is based on data collected from operators, transaction history from customer bets on events that turned out to be corrupt, and analysis of tribunal and criminal sentences passed on corruption cases.
The report – which can be read here – also said that many efforts to limit match fixing through national betting restrictions due to bets being placed outside of the jurisdiction where the corrupt event occurred. Between 2017-2020, 92% of basketball match fixing alerts came from bets placed abroad, while the figure for football was 84% during the same time frame.
The IBIA said that therefore “any restrictions on betting products enforced by regulators in the market where the potentially corrupted sporting event took place would therefore have been completely ineffective” for these events.
“The regulatory authori..