Rio Olympics Committee Will Track Suspicious Betting Patterns
The International Olympic Committee (IOC) has announced a partnership with Genius Sports to track irregular betting patterns on the 2016 Olympic Games. Heading into the 2016 Olympic Games there has been more than a fair share of controversy concerning Russia’s State Doping Program and because of that, 37 Russian athletes will be barred from competing including Maria Sharapova. Those athletes are spread across a wide variety of sporting events but the Russian government continues to lobby for their inclusion.
With a doping scandal as the backdrop, along with Brazil’s inability to completely prepare for the Games, it will be interesting to see how these Olympics and its athletes will be affected. The Zika virus is just another fly in the ointment (or mosquito if you will) that could cause major problems, if not an outright calamity, to the 2016 Olympic Games.
Therefore, it is understandable that no more controversy is needed and to that end the IOC has contracted with Sports Genius to track betting on these Olympic Games and report any irregular betting patterns which could indicate a fixed event using their Sport Integrity Monitor system. The IOC already has their own Integrity Betting Intelligence System (IBIS) in place but the Sports Genius tracking system will support and augment those efforts.
The IOC’s Chief Ethics and Compliance Officer Pâquerette Girard said this on the Genius Sports pact per LegalSportsReport:
“In 2013, we launched our Intelligence Betting Integrity System to collate alerts and information on match manipulation and, ever since, we have further optimized the mechanism. We have identified responsible organizations that can assist our global effort to prevent corruption and are delighted about our new partnership with Genius Sports.
“They will provide added value by making available their specialist skills, knowledge and technological expertise during the Olympic Games and other major sporting competitions organized by the IFs.”
Tracking games in high profile leagues are becoming far more common as professional and amateur organizations endeavor to rid corruption, or even the appearance of it, from their respective organizations. Sports Genius has alliances with FIBA (basketball), the English premier League and La Liga to name a few noteworthy clients. Betting on the Olympics is estimated to be at approximately $1 billion in both legal and illegal wagering.