A bookmaker received around $420,000 (£310,000) worth of bets on a controversial yellow card received by an Arsenal player in a Premier League fixture this season, and flagged it to the international betting watchdog over “manipulation” concerns, The Athletic can reveal.
As The Athletic reported earlier in the week, the Football Association is currently looking into an incident from this season which involved an Arsenal player being booked. Concerns were raised about suspicious betting patterns.
There is no formal FA investigation at this stage.
It has now come to light that correspondence took place between a bookmaker — based outside the UK — and the International Betting Integrity Association (IBIA) about the incident before The Athletic revealed the FA was looking it.
The emails detail how multiple bets of around $420,000 worth of cryptocurrency were placed on the player in question to get a yellow card — which then happened.
This should have led to winnings of over $1 million (£738,000), but the huge bets placed on the yellow card aroused suspicions at the bookmaker, and an internal investigation concluded the market may have been subject to manipulation.