Ponting said match-fixing and other rumours had circulated for years and he pleaded with the International Cricket Council's anti-corruption watchdog and individual boards to act quickly so players and fans could have full faith that what happens on the field was legitimate.
"We've all been aware of a certain amount of corruption in the game for a long time now and there's always just been a bit of smoke, there hasn't been much fire around it," he said late Wednesday.
"There is nothing worse than having that (corruption) tag around, the worry about the integrity of cricket and that is what every governing body would be fearing and a lot of the players. It takes away a bit from the game they love," he added.
The most high-profile cricket fixing scandal in recent years led to the jailing of three Pakistan Test cricketers -- then captain Salman Butt, Mohammed Asif and Mohammed Aamer in 2011.