For all their status and gravitas, the Olympic Video games have currently confirmed to be a hotbed for scandals.
From a well-known judging controversy in 2002 to bid bribery probes and even the resignation of a high Olympic official who was filmed providing to promote tickets for the 2012 London video games on the black market, the trendy Video games have all the time felt weak to dangerous actors. And whereas no main identified Olympic betting controversy has ever bubbled to the floor, the large rise of sports activities playing lately—particularly within the US, the place the Supreme Courtroom paved the best way for states to legalize it in 2018 and prediction markets like Kalshi have additionally begun getting into the house—makes this a pure concern as we head into the 2026 Winter Video games in Milano Cortina.
Now that tons of of tens of millions of individuals can guess on occasions utilizing nothing greater than a cellular app, entities just like the Worldwide Olympic Committee—the governing physique for the Olympics—are taking additional precautions to keep away from the sorts of playing and fraud scandals which have rocked professional sports activities lately.
At the least in comparison with the opposite sporting occasions with related identify recognition just like the Tremendous Bowl and the World Cup, the Olympics are a surprisingly small deal within the North American sports activities betting sector.
“Our [handle] on Kentucky Derby Friday-Saturday is greater than your entire Olympics,” says Jeffrey Benson, sports activities operations supervisor for Circa, one of many world’s largest sportsbooks.
A couple of elements make the Olympics harder to successfully guess on. The time distinction between Italy and the US is one variable; occasions that happen whereas most Individuals are sleeping naturally draw much less betting consideration. Many Olympic occasions additionally contain each preliminary rounds and medal rounds, which might create additional logistical challenges for sportsbooks; they’ve to tug strains down after prelims and create all new ones for last rounds.
For most of the extra area of interest sports activities, particularly within the Winter Olympics, conventional sportsbooks simply don’t think about it well worth the legwork to arrange an occasion so individuals can guess on it. Benson says Circa expects the 2026 Winter Video games to account for lower than 0.01 % of its whole bets taken for the calendar 12 months.
Not each betting platform pays that little consideration to the Olympics.
“Plenty of these occasions are actually what you make of them as a sportsbook and the way keen you’re to do the work and take the bets,” says Adam Bjorn, CEO of Plannatech, a worldwide betting expertise platform.
Bjorn says some betting platforms, notably outdoors North America, take “respectable quantity” on the Olympics. Lots of them set strains and take bets on each single occasion, irrespective of how obscure, even when doing so maybe leaves them weak to bettors who’re extraordinarily educated about sure area of interest sports activities. Bjorn means that a few of these sportsbooks will even mark these anomalies as loss-leaders, serving to appeal to new informal clientele who’re drawn to the recognition of the Video games.
Ice hockey is a headliner for the Winter Olympics inside the sports activities betting world, no shock given the presence of NHL gamers on the highest nationwide groups. Bjorn believes lots of these non-US books will take extra motion on these video games than they do on the typical NHL recreation.
Even in smaller markets, entities just like the IOC naturally care about betting integrity, particularly given the Video games’ scandal-filled current historical past. The governing physique has been actively concerned in monitoring Olympic betting markets because the 2012 and 2014 Video games by way of its OM Unit PMC (Olympic Motion Unit on the Prevention of the Manipulation of Competitions), which it says makes use of its Integrity Betting Intelligence System, or IBIS.
That’s a number of spectacular acronyms, however what do teams like these really do? And are they efficient?
Watching the Detectives
For so long as authorized sports activities playing platforms have existed, individuals have tried to take advantage of them. That necessitates the presence of integrity businesses, which have existed in some type for many years.
These businesses, Bjorn says, grew into their fashionable type within the early-to-mid 2000s largely as a response to widespread match-fixing scandals in skilled tennis. These incidents led to the 2008 formation of the Tennis Integrity Unit, which Bjorn says was one of many first such teams to lean closely on data-driven evaluation to proactively spot malfeasance. By monitoring dwell betting patterns throughout varied sportsbooks and networks, the integrity company may ostensibly spot suspicious bets which may sign collusion, match-fixing, or some related try to rip-off the system.
