LONDON (AP) -- Online gambling exchange Betfair has reached a new agreement with the IOC to share information on any illegal betting activity during the London Olympics.
Betfair said Thursday it signed a "memorandum of understanding" in London with the International Olympic Committee to monitor any suspicious betting patterns.
Betfair said it will provide betting markets on all gold-medal events during the games.
The company said it will apply its technology systems and team of experts to "ensure that any suspicious betting activity is investigated and relayed straight to the IOC as required."
