The agreement will see the two parties cooperate in order ‘that the integrity of the Olympic Games are not compromised’ and see the LGA provide ‘the necessary assistance’ in collaboration with its licensed operators ‘to ensure the effective workings of the ISM and deter gamblers with malicious intent’.
“Such collaboration shall augment even further the existing deterrents and shall ensure that the possibility of achieving unfair winnings, a phenomenon which is particularly present with respect to unregulated betting activities, remains shut out of the regulated markets such as that regulated by the LGA,” read a statement from the LGA.
The memorandum of understanding agreement was signed by Reuben Portanier, Chief Executive Officer for the LGA, and Detlev Zenglein from ISM and represents the regulator’s third such deal targeted on sports integrity.
“The International Olympic Committee/LGA memorandum of understanding shall bring together ISM’s early warning system and the LGA and its betting licensees to exchange betting-related information to assist the investigation of betting patterns or insider betting connected with the London Olympic Games,” read the statement from the LGA.