Simultaneously, King "provided information to be used for betting purposes to another person, and that information included the fact you would contrive the score and/or outcome."
His two charges relating to the match against Higgins were dismissed, with the WPBSA making clear that neither of King’s opponents were "accused of any misfeasance."
As a result of the hearing, King has now been banned from 18 March 2023 to 17 March 2028 from playing in any "activities or events recognised or organised by the WPBSA."
He must also pay the organisation costs of £68,299.50.
And King has until 28 November 2024 to appeal the findings.
The WPBSA Chairman Jason Ferguson said “The global expansion of this sport brings with it great responsibility, both for our players, and for the WPBSA as the sport’s world governing body.
"I have known Mark King since he was very young, he is a very experienced player who has enjoyed great success, and I am deeply saddened to read the finding in this case.
"However, the integrity of this sport will always be our number one priority.
"This case is testament to the fact that no stone will ever be left unturned in ensuring that the hundreds of millions of snooker fans worldwide, and our many global partners, can have full confidence in this incredible sport.”