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University of Paris
Organized crime widespread in global sports betting, report says

Organized crime launders an estimated $140 billion through sports betting each year, according to a new international report. The study was conducted by the International Centre for Sport Security and the University of Paris I. Researchers concluded that 80% of sports betting worldwide is conducted illegally. “The rapid evolution of the global sports betting market has seen an increased risk of infiltration by organized crime and money laundering," said Chris Eaton, an official at the security center. "Alongside this, the transformation of the nature of betting, with more complex types of betting ... has made suspect activity even harder to detect." Soccer and...