A betting scandal using inside information has rocked UK politics ahead of the July election. But what exactly is inside information and how can it be misused?
The UK Supreme Court has shown that misusing inside information to deliberately gain an objectively improper advantage, when gambling, constitutes cheating.
The recent A-League yellow card scandal raises questions about the ever-expanding range of betting options, both in terms of gambling problems and sports integrity.
Early writers on probability had explained how the ‘house advantage’ didn’t need to be large for a gambling enterprise to profit enormously. But gamblers and gambling operators were slow to catch on.
The rise of sports betting, fuelled by the proliferation of online platforms and the legalization of gambling in many areas, has brought new complexities to the world of sports.
When the US Supreme Court legalized sports betting, states were quick to get in on the action. But as lawmakers grow reliant on taxes from betting, what do they owe problem gamblers?
What makes the NFL’s embrace of gambling so striking is that for most of its history, the league had pushed the government for stricter regulations – not more lenient ones.
Professor of Economics and Finance. Director of the Betting Research Unit and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University