Thursday, 30 October 2008

We Are Football's Financial Fraud Squad #

There are some tricky people about, you know what I mean...

Last night's Premiership match between Fulham and Wigan Athletic was fixed.
Large amounts of insider trading in selective markets, together with creative disinformation carefully sprinkled elsewhere as 'news', ensured a killing for those close to the scam.

This is not the first occasion this season that this operation has been involved in cornering a match market.

Of course, as with the separate Norwich City versus Derby County Championship match, currently under investigation by the FA due to unusual betting patterns, there is a major regulatory issue in that the footballing authorities have no jurisdiction to request betting account details from the firms accepting the insider bets.
So SBOBET and IBCBET, both of which are based in Singapore, were asked by the FA to pass on to it all trading information relating to the rigged Championship match, such as the names of people who placed bets, but have refused to do so after deeming such a move an "excessive" breach of privacy.

No, its not.
Their attitude is an excessive breach of probity.

We are talking about the alleged criminalising of match outcomes in the leading English leagues here, not somebody betting a fiver on a rigged horserace at Happy Valley.
The large numbers of individuals, many of them the 'public' face of the game in Britain, #################################################################
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They are directly destroying this sport.
And underground bookmakers are allowed to refuse to disclose the details of these corruptions???

The layers are going to continue to accept these bets as they treat it simply as buying information.
So the assured Fulham victory then ripples throughout the ########### markets while we focus very closely on the source of those waves.

What is FIFA playing at?
Why are the pitifully inept sousveillance bodies unable to detect the hyperrealities of this 'sport'?
Is there some reason that the heads of the various regional bodies could not get together with Blatter to develop some hard-hitting global regulation that separates the integrity of the game from the murky markets that currently define the outcomes?

Our network of global market operators recognises suspicious market actively immediately.
Total Information Awareness combines the information from insider activities in the betting markets ###############################################################
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The data are startlingly revealing.

So Total Information Awareness, a web of, admittedly, privileged operators is able to determine the involvement via a mixture of ##################################
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With all the other devices in their possession, why are FIFA, UEFA, the Premier League and the FA unable to put two and two together?

The allowance of anonymity in trading must be terminated.
The global markets have to be thoroughly regulated by the game's central body FIFA, with regional responsibilities also under the FIFA umbrella.
Any involvement in underground or private markets must result in an immediate lifetime ban on the individual(s) involved.

In financial markets in the US, hardly a definer of market integrity in these entertaining times, the Commitment of Traders Report enforces market and company insiders to fully disclose their market positions in entities in which they have insider or privileged knowledge.
FIFA should enforce the same.
And it must be public, no gaming the information as so often occurs.

The regulatory bodies and sousveillance operations that will be needed to police the integrity of the game must pay a proper rate to attract the most skilled Asian market makers into the white market.
Incentives need to be inversed.

We could name all the individuals involved in last night's skullduggery at Craven Cottage, but what is the point in that?
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If the game is to be saved, the key factor is the separation of gambling and sport.
While matches are liquid to the £1 billion level, and while there is absolutely nothing to stop insiders trading on events over which they have influence, you are simply paying over the odds to watch the footballing equivalent of the 3:15 at Cartmel.

We are currently discovering the enhanced analytical powers created by our combination of our market trading software, the Unified Trading Model, with our Holistic Sabermetrics software, that analyses the ###########################
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Because we are open source within our web, Total Information Awareness are bringing a range of analytical and, more importantly, cultural inputs to the optimisation of the combined model.
Although there are still some issues to be ironed out, the initial data runs have been more than fascinating.

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