Olympic gold meets the “gold standard” of gaming regulation next month, after the Nevada Gaming Control Board recently signed an agreement with the International Olympic Committee to share information regarding potential cheating at the winter games in Sochi, Russia.
The regulatory agency has had similar agreements with other sports organizations like the NFL, MLB and NCAA, and has even uncovered cheating in the NCAA in the past. How do they do it? “Usually it’s the operators, the sports book managers, that see some unusual betting activity, and then they’ll notify us,” says Karl Bennison, the GCB’s chief of enforcement. The board then investigates and submits its findings to the appropriate organization or investigative body, like the FBI.
Should the agency be alerted to anything unusual in Sochi, it will notify the IOC’s Integrity Betting Intelligence System, a new information-sharing database linking different regulatory organizations across the globe. In a recent prepared statement, IOC Communications Director Mark Adams says the committee’s agreement with the board was enacted “to support clean sport and protect major competitions from any form of manipulation, particularly those linked to betting.”