As the sporting world gradually emerge from months of coronavirus lockdowns, the European Union's agency for law enforcement cooperation is warning against the greater risk" of game-fixing by criminals.
In a report published Wednesday focusing on the involvement of organized crime groups in sports corruption, Europol said criminals involved in the sector have quickly adapted to the crisis to exploit new opportunities despite the virus' disruptive impact.
Criminal business continued and it is anticipated that the long-term impact of the COVID-19 pandemic may be particularly significant in the area of organized crime, including money laundering and corruption," Europol said.
With only a limited number of competitions offered on betting markets because of the pandemic, criminals turned their focus to lower-tier games, youth games and friendly matches.
Many events remain suspended because of the health crisis, but several top-tier cycling and tennis events have recently started again after soccer matches resumed in the big European leagues.
Europol said it is highly possible that match-fixers will focus on the few matches being held and put them under greater risk." In soccer the most targeted sport by organized crime groups Europe's top club tournament, the Champions League, resumes later this week.
Europol also recorded instances of so-called ghost matches in several European countries during the pandemic, where fixers advertised games that did not exist to make money from bets.
"In those cases the 'ghost matches' are advertised on social media, blogs or fake websites and fixers create non-existing line-ups, stats, and match outcomes," Europol said.
According to the agency, the size of the annual betting market for sports is estimated to be 1.69 trillion ($2 trillion). The global annual criminal profits from betting-related match-fixing are estimated at 120 million ($142 million).
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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