TORONTO, Dec. 01, 2022 (GLOBE NEWSWIRE) -- In order to protect the betting public, effective immediately, the Alcohol and Gaming Commission of Ontario (AGCO) is requiring all registered casino, lottery and igaming operators that offer sport and event betting products in Ontario to stop offering and accepting wagers on Ultimate Fighting Championship (UFC) events due to concerns about non-compliance with AGCO's betting integrity requirements.
The Registrar's Standards include rules to safeguard against odds manipulation, match-fixing and other sports betting integrity issues. Operators must specifically ensure that:
For sporting events being bet on, the event must be effectively supervised by a sport governing body which must, at minimum, prescribe final rules and enforce codes of conduct that include prohibitions on betting by insiders; and
There are integrity safeguards in place which are sufficient to mitigate the risk of match-fixing, cheat-at-play, and other illicit activity that might influence the outcome of bet upon events.
Contrary to the Registrar's Standards, the UFC does not prohibit all insiders from betting on UFC events, which could include an athlete's coaches, managers, handlers, athletic trainers, medical professionals, or other persons with access to non-public information.
In recent weeks, the AGCO has learned of publicized alleged incidents, including possible betting by UFC insiders, as well as reports of suspicious betting patterns in other jurisdictions.
Therefore, the AGCO is now taking this step in the public interest. AGCO has indicated to operators that, once the necessary remedial steps have been taken, they may provide information demonstrating that UFC bets or betting products meet the Registrar's Standards.
"The Standards exist to protect the betting public and to provide the necessary safeguards against odds manipulation, match-fixing and other integrity issues. This is not a decision we take lightly, knowing the popularity of UFC events in Ontario's sports books. However, the risks of insider betting on event and wagering integrity should be highly concerning to all. It certainly is to us. We will continue to work with gaming operators, the OLG, iGaming Ontario and UFC to ensure that wagering on UFC events meets the AGCO's Standards."
Tom Mungham, Registrar and CEO, AGCO.
Registrar's Standards for Internet Gaming (Standard 3.01.1 and, Standard 4.34 requirements 5 and 6)
Registrar's Standards for Gaming (Standard 3.2.1 requirements 1 and 2 and, Standard 4.21 requirements 5 and 6)
Registrar's Standards for Gaming: Lottery Sector (Standard 3.2.1 and, Standard 4.3.1 requirements 5 and 6)
ABOUT THE AGCO
The AGCO is responsible for regulating the alcohol, gaming, horse racing and private cannabis retail sectors in Ontario in accordance with the principles of honesty and integrity, and in the public interest.
The AGCO is a regulatory agency with a governing board that reports to the Ministry of the Attorney General. The agency was established on February 23, 1998. It is a corporation under the Alcohol and Gaming Commission of Ontario Act, 2019
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