F1 to fight match-fixing after allowing in-race gambling
Formula One has sought professional help to fight against match-fixing, in the wake of a $100 million deal to allow in-race gambling.
SportRadar, an organisation that employs its fraud detection system across various sports, will work with F1 to protect the sport from match-fixing and corruption.
“The inherent risk level [of match-fixing] in F1 is pretty low. F1 drivers are very well remunerated, there is a relatively small number of races and they are very, very highly scrutinised,” SportRadar’s Managing Director of Group Operations David Lampitt told Macquarie Sports Radio‘s Cam Reddin.
“Our system is driven by monitoring movements on the betting markets. Price and odds movements on the betting markets,” he said.
Online in-play wagering is banned in Australia.
Under federal laws, in-play bets are allowed when conducted at a physical venue or over the phone.
As there is nothing specific in Australian bookmaker rules relating to in-race betting for the F1, the same conditions apply.
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