Stephen Lee is confident he will not be charged after he was arrested following a police investigation into suspicious betting patterns.
West Midlands Police arrested the 35-year-old on Thursday on suspicion of cheating as a result of a joint operation between the police force and the Gambling Commission.
Lee, of Trowbridge in Wiltshire, was released on bail after being questioned and was not charged with any offence.
World Snooker, the commercial arm of governing body the World Professional Billiards and Snooker Association, were reportedly unaware of the circumstances that led to Lee's arrest.
Released
Lee's management company, On Q Promotions, said in a statement he has denied any wrongdoing.
"Stephen co-operated fully with the police inquiry and was released without charge," said the statement.
"He does not expect any charge to be made and denies any involvement with cheating or betting irregularities.
"Stephen is now concentrating on practising hard to achieve qualification for the World Championship and to fulfil all of his exhibition commitments.
"Stephen Lee and On Q Promotions will not be making any further comments and would ask that the privacy of Stephen and his family is respected."
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