Betfair Signs MOU with UEFA
UEFA, the European football association has signed a Memorandum of Understanding with Betfair to help safeguard the integrity of the game. The MOU will allow UEFA to access the betting exchange’s records, should suspicion of match fixing or insider betting arise. The deal represents a further step in the acceptance of the betting exchange model by a major sporting body outside the UK.
UEFA CEO Lars-Christer Olsson, told the press: 'We are happy that we have reached this agreement with Betfair, as it is an important step forward in ensuring the continued integrity of our competitions. This is in line with our permanent efforts to protect the game from match-fixing and will facilitate the gathering of information in case of
Betfair's CEO Stephen Hill, said: 'We are delighted to be able to add this agreement to those we already have with the governing bodies of sport. Working closely with sporting regulators, and allowing them access to the information we have, is the best way to ensure that sport is kept free of crime. Betfair has no vested interest in the outcome of any event and our interests are absolutely in line with those who run the events. This is good news for the integrity of sport.'
The deal comes hot on the heels of a German match-fixing scandal, in which a referee admitted influencing, and betting upon, the outcome of results.