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Qatar Losing World Cup Seen Likely as Scandal Hurts Markets

Betting on Qatar losing the right to host the 2022 soccer World Cup was suspended by a U.K. bookmaker because of new allegations about the bidding process.

Gala Coral Group Ltd. stopped accepting wagers because its oddsmakers believe there’s a good chance the tournament will be taken away from the desert emirate, spokesman John Hill said. The uncertainty caused stocks and bonds to tumble on Qatari markets this week.