"The Alcohol and Gaming Commission of Ontario says between Oct. 23 and Nov. 30, 2024, the betting platform accepted 144 bets from three Ontario player accounts for Czech Table Tennis Star Series matches that showed "multiple indicators" associated with match-fixing. The AGCO says some of the signs included abrupt shifts in wagering behaviour, a concentration of bets on athletes losing their matches, an implausible and near-perfect win-rate, and other unusual or suspicious activity."
"A FanDuel spokesperson says the company was the only operator to proactively identify and report the activity, and while it's disappointed by the decision, it will continue to work with the AGCO to identify areas of integrity concerns. "As an operator that prides itself on the trust we have built with our stakeholders, we do not feel that this action accurately reflects the commitment and investment we have consistently demonstrated regarding protecting the industry, our customers and the integrity of sport,""
Ontario's Alcohol and Gaming Commission (AGCO) says FanDuel Canada accepted 144 bets from three Ontario accounts on Czech Table Tennis Star Series matches between Oct. 23 and Nov. 30, 2024. The AGCO reported multiple indicators associated with match-fixing, including abrupt shifts in wagering behavior, concentrated bets on athletes losing, an implausible near-perfect win rate, and other suspicious activity. The regulator imposed a $350,000 penalty after FanDuel allegedly failed to identify and report the unusual wagering, allowing the activity to continue for several weeks. The AGCO noted prior industry warnings about the tournament's integrity. FanDuel contends it proactively identified and reported the activity and will work with the regulator, and has 15 days to appeal.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]