Were the US and Australia robbed of FIFA tournament, and what to do about it

In addition, similar technology that upholds the integrity of capital markets should be implemented in betting markets to pick-up irregular betting practices and potential corruption. This technology, like NASDAQ SMARTS (an Australian invention) has been tried and tested in capital markets and proven to be a very effective tool for identifying ‘insider’ trades and acts as a major deterrent for corruption. This technology could be adopted for the sports betting industry.

Corruption is endemic in all major international sports from drug taking to match fixing, it seems that the entire sporting supply chain is diseased. Only recently have advances in technology and the willingness of sporting governing bodies enabled them to effectively monitor and allocate resources to mitigate corruption. It is vitally important to get a grip on corruption as its harmful effects are already taking their toll on all sports stakeholders.

…once we begin to doubt what we are seeing is real, then we will cease to care and, without caring, it is all over. Nick Hornby, 1994, Financial Times

Hosting of the football would have meant so much to the US or Australia. It looks like a few red cards are going to be eventually dealt to corrupt officials further down the track. Goal!