The world’s biggest sports betting operator is warning that the ‘Hedging Bet’ system is the “latest incarnation” of the old “hedging” game, and is “unethical”.RTE’s betting division is one of the biggest players in the industry, and has a long history of betting on sports.
It is not only one of Europe’s leading betting companies, it is also one of its largest.
However, betting regulators in several countries have recently raised concerns that the system is being used to bet on the outcome of sporting matches, and that it is a serious problem for the sport.
Ahead of the start of the World Cup, the European Commission has launched a legal challenge to the system, warning that it violates EU antitrust laws.
The Commission’s main concern is that betting on a sporting event, particularly in a way that could impact the outcome, “is potentially misleading, deceptive or illegal” and could “incite gambling, the commission has said.
The issue has also been highlighted by the world’s most powerful betting company, the Paddy Power, which is currently preparing to make its stake in the system public.”
The betting industry must urgently address the issue of hedging bets,” PaddyPower said in a statement.”
Our view is that there is a fundamental conflict of interest, which could result in the bet being made for the advantage of a specific team or player.
“The commission said it had already received “hundreds of requests” from the betting industries, but that it could take “years” to get the system right.”
If the Commission is not able to do its job in this case, it should not be allowed to continue to provide the public with gambling information and betting on sporting events,” Paddington said.”
This is not a matter of opinion, but a matter about ethics.
“The betting company’s head of strategy and business, Brian Ritchie, said that betting firms must take steps to stop the system being used as a way of profiting from sports betting.”
We must stop it being used for the benefit of a particular team, and we should ensure that the companies involved are required to provide evidence of their compliance,” he said.
Ritchie also warned that the betting companies are not the only ones that have problems with the system.”
What the betting system needs to do is to ensure that there are no conflicts of interest,” Ritchie said.”
The betting companies must be held accountable for the conduct of others.”
What the betting system needs to do is to ensure that there are no conflicts of interest,” Ritchie said.