Remedy Sports, Inc.’s Post

The Meaning of Integrity in Sports Integrity means the ability and will to act independently, honestly, and with fairness —without letting irrelevant or inappropriate interests influence decisions. It’s the cornerstone of everything we believe in regarding sports. But when we look at the world of sports data, especially those companies that sell data to betting platforms, we must ask: can they genuinely prioritise the integrity of the sport? Or is the profit from betting, sometimes even flowing into illegal markets, the real driving force? This may sound controversial, but isn’t it more controversial to claim you protect the sport while profiting from the betting industry on the other side? I believe some of the people in the sports data industry are doing their best to uphold integrity. However, higher interests are at play — ones that make it difficult to balance sports protection with the pressures of the betting market. #SportsIntegrity #EthicsInSports #FairPlay #BettingIndustry #IntegrityMatters #ControversialThought Below is an example of a match offered by both license holders and non-license holders within the European market where a third goal was expected.

Five years from now, there'll probably be a Harvard case study on the failures of EU RMG apps in the US. Take Betway pulling out of North America—one of the world’s largest betting companies couldn’t make it work. They underestimated how different the North American bettor is, particularly the influence of season-long fantasy sports DFS. In Europe, sports betting has been around for centuries, with mature markets and traditional betting styles. But in North America, the market is still young. Bettors here are drawn to high-hold products like same-game parlays, essentially treating them as lottery tickets. European operators missed this cultural shift. They also failed in consumer engagement, relying on big media partnerships when they should have focused on the decentralized ways North Americans consume content—on platforms like Reddit, TikTok, and Discord. And they misunderstood the complexity of the US. Every state is its own market, with unique regulations and betting behaviors. Sponsoring the NHL doesn’t cut it when New Jersey, Pennsylvania, and Michigan each require a localized strategy. In the end, they burned cash chasing a one-size-fits-all approach.

As gambling becomes more intertwined with sports, the risks to public health grow. The rise of micro-bets and same-game parlays, with little oversight, fuels addiction. We need reforms like the SAFE Bet Act to protect those at risk and prioritize health over profit.

As much as we may not like to think it, sports are more than just a game. The world of sports and entertainment has evolved to be one of the most intricately built industries in history. From topics ranging from fan psychology to athlete advancement, there is little to be left unconsidered in this complex business. However, whenever there is an industry as competitive as this one, there is bound to be individuals and parties who push the lines of acceptance and integrity in sport. These individuals take advantage of the rules set in place that ensure safety and fair competition. Excited to begin the fall, where I will be publishing weekly blog posts on the world of Integrity, Organizational Compliance, and Policy in sports, gaming, and entertainment. #WeekendsAndEvenings #Sport #SportLaw #Compliance #Integrity https://lnkd.in/grqxVwcv

As legal sports betting continues its meteoric rise in popularity, professional sports leagues and teams owe a duty to their fans and supporters to protect the integrity of games so many love. Fans across the US have voluntarily - and at times involuntarily through civic tax dollar reallocation - invested incalculable money, resources, and emotion into professional sports teams and leagues which have become multi-billion dollar entities. The symbiotic relationship between teams and fans is nearly devoid of meaningful checks and balances in the United States, making American professional sports one of the most culturally and economically significant industries that is unaccountable to its consumers. Given the (still unfolding) news this week regarding Shohei Ohtani, attached is a paper I wrote last year evaluating global regulatory models for professional sports in the US, and potential lessons to be learned from regulation in other industries that could be applied to professional sports. It is in everyone's interest to get this right. I welcome your feedback.

Undestanding The Premier League’s possible Spending Cap in 5 Steps: ⬇ ⚽ ⛔ Hard Spending Cap: Premier League clubs are considering a hard spending cap after a season of financial violations. ✖ Proposed Rules: The new cap would be determined by multiplying the TV revenue of the last-placed team by five, along with limits on player and transfer spending. 📺 Diverse Revenue: TV revenue varies among teams based on league standings, creating disparities in earnings. 🆗 ❌ Support vs. Opposition: Less wealthy clubs support the rules, but richer clubs like Manchester United and Manchester City oppose them. 👨⚖️ Legal Hurdles: There are legal uncertainties, and final approval requires support from clubs and the Professional Football Negotiating and Consultative Committee. https://lnkd.in/dwSHM5yN

According to statistics from the International Centre for Youth Gambling and High-Risk Behaviors, 60%-80% of high schoolers say they have gambled for money in the last year and 4%-6% are addicted to gambling. Register here for this discussion on Youth and Sports Gambling: https://lnkd.in/erQF4n38

The sad truth is that the meteoric rise of sports betting in America was going to bring "integrity issues" with sports to the forefront. Whether it's Ohtani (likely) betting on sports via his interpreter or Temple men's basketball throwing a game or an NBA player betting against himself - the issues were inevitable. These issues existed well before most of us had DraftKings or FanDuel on our phones, but now it is front & center to the American psyche. David and I led the Series A for the company at the forefront of trying to identify & limit this harm on sports, US Integrity, Inc.. While many of you have likely never heard of them, they operate like the Securities & Exchange Commission for sports gambling looking for anomalous betting patterns. It is great to see that they are getting the recognition they deserve for such an important role with the first of many front page of the WSJ articles. #gambling #integrity #sportsbetting

Dive into the pressing issue of gambling harm in sport with our latest Performance Special Report, ‘Taking on an Invisible Rival’, in partnership with EPIC Global Solutions. Understand the urgency with which the NCAA is addressing the surge in sports wagering across the US, and explore why extreme enforcement measures are only going to get you so far. The US gambling market serves as a warning to us all, download the report (for free) to find out how we can be smarter in our efforts to prevent harm: https://bit.ly/4c3hEew. A huge thank you to all of our contributors: Danielle Davison, Clint Hangebrauck, Mark Hicks, Ben McGregor, Jordan Spencer and Henry Archuleta.

𝐓𝐇𝐄 𝐋𝐀𝐓𝐄𝐒𝐓: The NFL has retained PJT Partners to serve as a liaison between the league and private equity firms looking to invest in teams. The NFL is the last major US sports league to restrict institutional capital but that's likely going to change soon. However, there are certainly going to be tight regulations once the floodgates open such as: • Restrictions on how much of a team’s equity can be bought by one fund • Restrictions on how many different teams a single fund can buy into • Restrictions on equity a team can sell to funds Over the past 40 years or so, every single team in all four of the United States’ major sports has increased exponentially in value. Most, if not all, have also outpaced the US stock market. Some of the reasons include: • Diversified revenue streams • Media rights • Scarcity With the NFL average team value reaching $4B, private equity entrance into the league is inevitable at this point. 📩 Vetted Sports sends out the latest sports tech news, trends, and insights straight to your inbox every Sunday. Join for free → https://lnkd.in/dUYVHG5y #sportsinvestment #sportsbusiness #privateequity