Contemporary Intelligence Monopoly Betting Market

Question: Discuss about theContemporary Intelligencefor Monopoly Betting Market. Answer: Introduction Table tennis is a fun and enjoyable game; now it is not only just a game but has also emerged as one of the leading and recognized sport. It is needless to state here that tennis tournaments are being played almost in every part of the world, and as a recreational activity, the sport has succeeded in achieving an unprecedented growth in popularity among the masses. However, like any other sport, corruption has been rampant in the match. Various forms of corruption that exist in this game, some of the major crime that is most prolific in this game are the issues of match fixing. The issue of gambling problem is not a new thing in the world of sports, and yet in case of tennis, the match-fixing issue has emerged to be a global problem (Rodenberg Feustel, 2014). Discussion: Match fixing is the commonest form of corruption in the table tennis game. This game has been thought to be an attractive target for the match-fixers because there are only two players who are involved and a few vital points often decides the given matches. It is thus much easier to influence the result of the game. First of all, while discussing about the important points about match-fixing in tennis tournaments, the most remarkable point is to note the evidence collected from the sportspersons engaged in the sport itself. The very fact that even the remarkable sportspersons, such as Novak Djokovik has himself affirmed the existence of the match-fixing menace goes to prove that the sport is indeed infested with such crucial problems (Vileneuve, 2015). It is important to know that Djokovik has recently claimed that he himself was being promised a lump sum amount of $2,00,000 for fixing the match, and what is really astounding here is that a Grand Slam winner, and a high profile sport sman like Djokovik was also not spared the trouble (Bag Saha, 2016). Similarly, the tennis player Arvvind Parmar, the former Davis Cup player himself has also affirmed the point made by Novak, claiming that a large number of tennis players in the past, had become vulnerable to the lucrative match-fixing offers, and added that he himself was also offered with a cash-stuffed envelope, by a man with strong connections in the realm of sports. Again, Roger Federar, another eminent name in the world of sports, has also spoken about the potential problem of match fixing in tennis. According to Roger, despite the thorough investigation going on, to prevent the issue, there are influential group of people, who will put in money recklessly to influence the players, and this process is absolutely unstoppable (Ricci et al., 2016). Next, it is needless to state here that a large number of match fixing scandals in the tennis world bear clear testimony to the fact that match fixing is an emergent issue in the tennis world. According to the Buzzfeed and BBC, there are at least 16 players, who have reached the position of top 50, whose names are counted in the suspicion list of match-fixing menace in tennis (Carpenter, 2013). Recently, the two Italian players, Starace and Bracialli have been punished with a lifetime ban after both were being proved to be involved in match-fixing scandal. Further BBC reports although do not announce any name, claim that a few Grand Slam winners have are also suspected to be engaged in match-fixing. Again, the Mexican player, Daniel Garza was also recently in the news, as charges were being brought against him, that he had tried to influence the outcome of ITF Futures. As a result, the player had been banned from tennis for six months, and a fine of $5,000 was imposed on him as well. According to the BuzzFeed reports, the tennis players are being continually targeted in the hotel rooms during the time of the major tennis tournaments, and are being offered an approximate amount of $5,00,00 for fixing purposes. Reports even suggest that during the big sport tournaments, such as the French Open or Wimbledon Open, betting becomes a serious issue, whereby 70 names of the worlds most eminent names in the world of tennis have come on the surface. Though the names have not been leaked yet for concrete, legal reasons, it should be observed that various eminent and powerful tennis players often complain of ankle or knee injury, withdrawing their names from the tournament, leading the opponent to easy victory (Carpenter, 2012). This being a repetitive trend naturally interrogates the integrity of some of the tennis players. These instances may remind one of the Polish Open of 2007, when the Russian tennis player, Davydenko complained of ankle injury, withdrawing himself from the match, leading to the victory of Arguello of Argentina. Later, it was being revealed that a huge sum of money of US $ 3.6 million, had allured the Russian player, World Number 4, who preferred to lose on his own (Anderson, 2014). The fact that match fixing is a serious issue in tennis, is self-evident, as the Tennis authority has also become aware of its ills, as a result of which they have set up investigating bodies such as the Tennis Integrity Unit, responsible for supervising and monitoring transparency in each single tennis match being played. The ATP has also set up an independent review committee meant for ensuring the effectiveness and appropriateness of the tennis Anti-Corruption Progarm. Yet it is surprising how the sports gambling sites have revealed that betting goes on, even during the most insignificant small-scale mixed double matches being played around the world (Lee,2016). Conclusion: To conclude, it must be noted that betting is indeed a serious issue in the world of tennis. Although the supervisory bodies, such as the TIU are trying their best to monitor the transparency of the sport events involved, it is quite doubtful if enough resources are being directed or are getting accessed by the TIU authority. The price of the players involved in major sport events has also been remarkably increased, to ensure that they are not getting tempted by any unfair practice. However, the professional tennis integrity officers working under ATP or WTA must come forward, and implement effective plans to prevent the issue. Reference List: Anderson, J. (2014). Match Fixing and EU Policy in 2014: An Introduction.Available at SSRN 2449305. Bag, P. K., Saha, B. (2016). Match?Fixing in a Monopoly Betting Market.Journal of Economics Management Strategy. Carpenter, K. (2012). Match-FixingThe Biggest Threat to Sport in the 21st Century?.Int Sports Law Rev,2, 13-23. Carpenter, K. (2013). Global Match-Fixing and the United States' Role in Upholding Sporting Integrity.Berkeley J. Ent. Sports L.,2, 214. Lee, P. C. (2016). Understanding the match-fixing scandals of professional baseball in Taiwan: an exploratory study of a Confucianism-oriented society.European Sport Management Quarterly, 1-22. Ricci, F., Scafarto, V., Marsigalia, B. (2016, September). The impact of match-fixing on product quality in the professional football industry: critical reflections from an institutional perspective1. In9th Annual Conference of the EuroMed Academy of Business. Rodenberg, R. M., Feustel, E. D. (2014). Forensic sports analytics: detecting and predicting match-fixing in tennis.Journal of Prediction Markets,8(1). Villeneuve, J. P. (2015). Acknowledging and Addressing the Issue of Match Fixing: The Case of Sport Organisation.Eur. J. Risk Reg.,6, 633.