The IOC has signed a Memorandum of Understanding (MoU) with the Alderney Gambling Control Commission (AGCC) regulatory board to exchange information about attempts to manipulate sporting events and highlight suspicious betting activity.
“This MoU enables the IOC and the Commission rapidly communicate any concerns relating to the integrity of betting on Olympic event,” the AGCC’s executive director, André Wilsenach, said.
“The Commission will be able to raise issues identified by licensees in accordance with their regulatory obligations as well as alerting licensees to concerns of the IOC that may have been drawn to their attention by other regulators.”
Meanwhile, the IOC has also signed an information sharing agreement with online gambling company Betfair to support its efforts in preventing betting corruption at Olympic events.
According to the Reuters news agency, the IOC will operate its new ‘Integrity Betting, Intelligence System’ (IBIS) at the upcoming 2014 winter Games in order to monitor betting patterns in coordination with gambling companies.
Betfair, which plans to offer more than 1,000 markets during the Games in Sochi, will now be able to supper the IOC by reporting suspicious activity to the governing body.
James Midmer, Betfair’s spokesperson, said: “The interests of sports governing bodies, like the IOC, and Betfair are completely aligned in wanting to ensure customers can bet in fair, transparent and secure markets on exciting sporting events.”
The IOC also has a similar agreement in place with the European Sports Security Association, an organisation that includes a number of bookmakers such as William Hill and Ladbrokes.
As reported by iGaming Business, the IOC also recently signed an MoU with Interpol, the International Criminal Police Organisation, as part of its efforts to protect Olympic events from corruption.
In a statement, the IOC added: “The Memorandum of Understandings (MoUs) between the IOC and various betting operators and regulators, including the Alderney Gambling Control Commission (AGCC), are part of our concerted strategy to support clean sport and protect major competitions from any form of manipulation, particularly those linked to betting.”
source : www.igamingbusiness.com