Sportradar's 2024 report shows a 17% decrease in suspicious match activity, indicating improved integrity in global sports.
Quiver AI Summary
In its annual integrity report, Sportradar Integrity Services has reported a significant decline in match-fixing incidents across global sports in 2024, marking a 17% reduction in suspicious matches from the previous year. The company monitored over 850,000 matches and identified 1,108 suspicious cases, with Europe recording the highest number but also a 34% decrease in such matches. Soccer saw a notable drop in suspicious matches as well, particularly in Brazil, which experienced a 48% reduction. Despite this positive trend, Sportradar emphasizes the ongoing need for vigilance and innovation in combating match-fixing. The report highlights the use of advanced data analytics and AI in monitoring sports, and Sportradar's commitment to supporting major sporting events and promoting integrity within the industry.
Potential Positives
- Significant 17% decrease in the number of suspicious matches detected in 2024 compared to 2023, indicating improved integrity in sports.
- Substantial 34% reduction in suspicious matches identified in Europe, a region historically facing significant integrity issues.
- Promotion of advanced data analytics and AI through the Universal Fraud Detection System (UFDS), showcasing Sportradar's commitment to innovation in sports integrity.
- Partnership with the ATP to launch an AI-driven safe sport solution demonstrates ongoing dedication to addressing integrity issues in sports and protecting athletes.
Potential Negatives
- Despite a reported decline in suspicious matches, the press release emphasizes that match-fixing remains a persistent issue worldwide, suggesting ongoing challenges for Sportradar in achieving long-term integrity in sports.
- The statement highlights that while there is cause for optimism, it also expresses the need for continued vigilance and innovation, indicating that current measures may not be sufficient to eliminate the threat of match-fixing.
- The press release details a significant reliance on AI and data analytics, which may raise concerns regarding the effectiveness and accuracy of these tools in preventing match-fixing if not properly supported by human expertise.
FAQ
What is the key finding of Sportradar's 2024 integrity report?
The 2024 report revealed a 17% decrease in suspicious matches detected globally compared to 2023.
Which region had the most suspicious match detections in 2024?
Europe continued to have the highest number of suspicious matches, despite a 34% reduction from the previous year.
How did soccer perform regarding suspicious match detections?
Soccer recorded 721 suspicious matches in 2024, marking an 18% decrease from 881 in 2023.
What role does AI play in detecting match-fixing?
Sportradar uses AI to identify irregular betting patterns, supporting integrity experts in confirming match-fixing activities.
What major events did Sportradar support in 2024?
Sportradar provided integrity support for events like the IOC 2024 Summer Olympics and UEFA EURO 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SRAD Hedge Fund Activity
We have seen 73 institutional investors add shares of $SRAD stock to their portfolio, and 29 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SECURITY BENEFIT LIFE INSURANCE CO /KS/ removed 1,972,815 shares (-71.0%) from their portfolio in Q3 2024
- ARROWMARK COLORADO HOLDINGS LLC removed 1,348,351 shares (-30.1%) from their portfolio in Q3 2024
- DIVISADERO STREET CAPITAL MANAGEMENT, LP added 1,279,141 shares (+170.4%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 1,244,008 shares (-76.0%) from their portfolio in Q3 2024
- GRANAHAN INVESTMENT MANAGEMENT, LLC added 1,078,667 shares (+inf%) to their portfolio in Q3 2024
- PORTOLAN CAPITAL MANAGEMENT, LLC added 995,953 shares (+inf%) to their portfolio in Q3 2024
- MIC CAPITAL MANAGEMENT UK LLP added 925,926 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ST. GALLEN, Switzerland, Jan. 09, 2025 (GLOBE NEWSWIRE) -- After consecutive years of detecting rising numbers of suspicious matches, match-fixing at all levels of global sport registered a notable decline in 2024, according to the annual integrity report (
Integrity in Action 2024 Global Analysis & Trends
) published by Sportradar Integrity Services, a unit of Sportradar (NASDAQ:SRAD).
Throughout 2024, Sportradar Integrity Services monitored more than 850,000 matches across 70 sports worldwide and 1,108 suspicious matches were identified, a 17% decrease from 2023. The highest number of suspicious matches were found across Europe, the region historically facing the most significant integrity issues. However, the year still ended with a 34% reduction in suspicious matches overall in this territory with 439 matches identified compared to 668 in 2023. Africa also finished with a considerable decline with 69 suspicious matches detected, a 36% decrease from 108 matches the year before.
Notably, the world’s most popular sport, soccer, saw a considerable downturn, with 721 suspicious matches detected in 2024, a reduction of 18% from 881 matches in 2023. Moreover, Brazilian soccer, which has been affected by match-fixing cases in recent years, recorded a marked decrease of 48% with 57 suspicious matches discovered last year, down from 110 in 2023. Nevertheless, despite the overall reduction in the number of suspicious matches detected, match-fixing remains a persistent issue worldwide.
Sportradar uses advanced data analytics and artificial intelligence (AI) through its Universal Fraud Detection System (UFDS) to monitor competitions and identify irregular betting patterns. While AI flags unusual activity, such as substantial wagers on unlikely outcomes, Sportradar’s team of integrity experts is crucial in confirming match-fixing activities for further investigation.
Andreas Krannich, Executive Vice President, Integrity, Rights Protection & Regulatory Services, Sportradar, said: “While the notable reduction in suspicious matches in 2024 gives us reason to be optimistic, it also signals the need for continued vigilance and innovation, given that the number remains significant.”
"Our investment in innovation combined with data insights into the betting industry and continued education on integrity are at the forefront of keeping pace with the ever-evolving global sports integrity landscape. We remain committed to refining our methods and capabilities and collaborating across the sports and betting industries to support foundational fair play and safeguard the integrity of sports worldwide," explained Krannich.
During 2024, Sportradar provided integrity support for major global events such as the IOC 2024 Summer Olympics in Paris, UEFA EURO 2024, CONMEBOL Copa America 2024 and AFC Asian Cup 2023, showcasing its advanced bet monitoring and intelligence capabilities. In July, the company partnered with the ATP and Tennis Data Innovations to launch an AI-driven safe sport solution to protect athletes from online abuse, highlighting its commitment to using innovation to address wider integrity issues in sport.
ABOUT SPORTRADAR
Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports, media and betting industries, the company provides sports federations, news media, consumer platforms and sports betting operators with a best-in-class range of solutions to help grow their business. As the trusted partner of organizations like the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, CONMEBOL and Bundesliga, Sportradar covers close to a million events annually across all major sports. With deep industry relationships and expertise, Sportradar is not just redefining the sports fan experience, it also safeguards sports through its Integrity Services division and advocacy for an integrity-driven environment for all involved.
For more information about Sportradar, please visit
www.sportradar.com
Sportradar Press Contact
Sandra Lee
press@sportradar.com
Sportradar Investor Relations Contact
Jim Bombassei
Investor.relations@sportradar.com
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