2024 Sportradar Report Reveals Significant Drop in Match-Fixing Incidents
Sportradar’s annual integrity report highlights a 17% fall in suspicious match activity, showcasing advancements in sports integrity across the globe.
Analysis of Suspicious Matches
Sportradar Integrity Services, in its latest integrity report, announced a noteworthy 17% reduction in match-fixing incidents worldwide for 2024. The analysis included monitoring over 850,000 matches, revealing 1,108 suspicious cases. Although Europe still reported the highest number of suspicious matches, it showed a remarkable 34% decrease from the previous year. Soccer also benefited from improvement, especially in Brazil, where suspicious match cases dropped by 48%. While these trends are encouraging, Sportradar stresses the continued importance of monitoring and innovative techniques to combat match-fixing effectively. Their approach utilizes advanced data analytics and artificial intelligence (AI) to enhance monitoring efforts and maintain integrity in the sports sector.
Key Highlights
- A 17% overall decrease in suspicious matches in 2024, reflecting enhanced integrity in sports.
- A remarkable 34% reduction in suspicious matches across Europe, a region known for integrity challenges.
- The application of advanced data analytics and AI through the Universal Fraud Detection System (UFDS), showcasing Sportradar’s commitment to maintaining sports integrity.
- A partnership with ATP to introduce an AI-based solution aimed at promoting athlete safety, reinforcing a focus on integrity in sports.
Concerns and Challenges
- Despite the reported decline, match-fixing remains a significant global concern, presenting ongoing challenges for Sportradar.
- While positive trends are noted, the report underscores the necessity for persistent vigilance, indicating that current measures require enhancement to address match-fixing comprehensively.
- The heavy dependence on AI and data analytics raises questions about the efficacy and precision of these technologies without adequate human oversight.
Frequently Asked Questions
What did Sportradar’s 2024 integrity report find?
The report indicated a 17% decrease in suspicious matches worldwide compared to 2023.
Which region experienced the most suspicious match reports?
Europe had the highest detection of suspicious matches but saw a 34% reduction from the prior year.
How did soccer perform in terms of suspicious match activity?
In 2024, soccer identified 721 suspicious matches, down 18% from 881 in 2023.
What is the role of AI in detecting match-fixing?
Sportradar employs AI to track unusual betting patterns, aiding integrity experts in verifying instances of match-fixing.
Which major events were supported by Sportradar in 2024?
Sportradar offered integrity support for significant events, including the IOC 2024 Summer Olympics and UEFA EURO 2024.
Disclaimer: This is an AI-generated summary of a press release from GlobeNewswire. Please read the full release for more details.
Hedge Fund Activity on $SRAD
In the latest quarter, 73 institutional investors increased their shares in $SRAD, while 29 investors reduced their holdings.
Here are some of the most notable transactions:
- SECURITY BENEFIT LIFE INSURANCE CO /KS/ cut 1,972,815 shares (-71.0%) in Q3 2024.
- ARROWMARK COLORADO HOLDINGS LLC reduced its shares by 1,348,351 (-30.1%) in Q3 2024.
- DIVERSADERO STREET CAPITAL MANAGEMENT, LP added 1,279,141 shares (+170.4%) in Q3 2024.
- MILLENNIUM MANAGEMENT LLC decreased 1,244,008 shares (-76.0%) in Q3 2024.
- GRANAHAN INVESTMENT MANAGEMENT, LLC increased its shares by 1,078,667 (inf%) in Q3 2024.
- PORTOLAN CAPITAL MANAGEMENT, LLC added 995,953 shares (inf%) in Q3 2024.
- MIC CAPITAL MANAGEMENT UK LLP increased its shares by 925,926 (inf%) in Q3 2024.
To monitor hedge fund stock portfolios, visit Quiver Quantitative’s institutional holdings dashboard.
Complete Release
ST. GALLEN, Switzerland, Jan. 09, 2025 (GLOBE NEWSWIRE) — After a streak of rising suspicious match detections over the years, 2024 marked a drop in match-fixing cases in all levels of global sports, according to Sportradar Integrity Services’ annual integrity report (
Integrity in Action 2024 Global Analysis & Trends
).
Sportradar monitored over 850,000 matches across 70 sports in 2024, identifying 1,108 suspicious matches—a 17% decrease from 2023. Europe recorded the most suspicious cases, but also the largest decline at 34%, with 439 matches reported compared to 668 in the prior year. Africa also showed improvement, with 69 suspicious matches, a 36% drop from 108 in 2023.
Soccer, the world’s most popular sport, experienced a significant downturn, with 721 suspicious matches detected in 2024, an 18% decrease from 881 matches the year before. Brazilian soccer had a marked decline of 48%, with only 57 suspicious matches found compared to 110 in 2023. Despite these encouraging trends, the threat of match-fixing persists globally.
Sportradar employs AI through its Universal Fraud Detection System (UFDS) to identify unusual betting patterns and monitor competitions. Its integrity experts confirm these irregularities to address match-fixing claims efficiently.
Andreas Krannich, Executive Vice President of Integrity, Rights Protection & Regulatory Services at Sportradar, stated: “While the drop in suspicious matches in 2024 is encouraging, we must remain vigilant as the number is still substantial.”
“We are committed to innovation, and by leveraging data insights and continuing educational efforts on integrity, we strive to maintain our pace in a changing global landscape. Collaborating across sports and betting sectors remains vital to ensure fair play and protect the integrity of sports globally,” Krannich added.
In 2024, Sportradar supported major events like the IOC 2024 Summer Olympics, UEFA EURO 2024, and others, showcasing its advanced capabilities in monitoring betting integrity. The company launched an AI-based safe sport initiative alongside the ATP to safeguard athletes from online threats, further underlining its commitment to sports integrity.
ABOUT SPORTRADAR
Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a top global sports technology firm that enhances the experiences of sports enthusiasts and bettors. The company operates at the crossroads of sports, media, and betting, offering premium solutions to sports federations, news organizations, consumer platforms, and betting operators to foster growth. With partnerships including the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, CONMEBOL, and Bundesliga, Sportradar oversees nearly a million events annually across various sports. Its expertise aids in redefining fan experiences while also ensuring integrity through its dedicated Integrity Services division, advocating for a standards-driven sports environment.
For more information about Sportradar, please visit
www.sportradar.com
Sportradar Press Contact
Sandra Lee
press@sportradar.com
Sportradar Investor Relations Contact
Jim Bombassei
Investor.relations@sportradar.com
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