The world’s leading betting integrity organization is expanding its operations in Brazil – the move came in response to an upcoming government regulation.
IBIA’s unique monitoring network already covers 60% of the Brazilian market
The International Association for Betting Integrity (IBIA), a world-leading sports honesty organization representing more than 120 licensed sports betting brands worldwide, will expand its integrity monitoring and broader match-fixing operations in Brazil. The expansion came in response to upcoming government regulation, the rapid growth of the Brazilian sports betting market, and IBIA data confirming that Brazilian sports is a regional target for criminal fixers.
IBIA is the largest operator-run integrity monitor in Europe and a leading player in newly opened North American jurisdictions such as Ontario. IBIA members are estimated to account for more than 60% of the remote gambling market in Brazil, according to H2 Gambling Capital, the leading independent authority on global gambling market data. This leading market position will enable IBIA to provide highly accurate analysis and an effective deterrent against match fixing fraud in Brazil. Therefore, IBIA is uniquely positioned to support stringent measures against match-fixing in the country.
Speaking ahead of the Government’s Interim Measure on sports betting regulation, IBIA CEO Khalid Ali said:We welcome the decision of the Brazilian government to regulate the sports betting industry as an extremely positive move. As IBIA’s 2021 optimum betting market research confirms, balanced and efficient sports betting regulation is part of the sports betting match-fixing solution. IBIA looks forward to working with policy makers to ensure that Brazil takes full advantage of a dynamic and competitive sports betting market while mitigating match-fixing risks.”
IBIA is committed to sharing data with sports, regulators and law enforcement that enables these bodies to detect, investigate and prosecute handicapping with high sensitivity. The association achieves this through cross-referenced alerts generated by its members’ highly sophisticated security systems to identify suspicious bets potentially linked to match-fixing. IBIA members can then provide unique account-level data to use as evidence in subsequent investigations.
Khalid Ali adds:What distinguishes IBIA from trade tracking systems is its ability to monitor transaction activity linked to individual consumer accounts, rather than analyzing simple probabilistic movements. No other sports integrity solution can provide access to this data, which encompasses over US$137 billion in sports betting turnover per year, making IBIA the largest and most influential integrity network in its nature globally.”
H2 Gambling Capital reports that the Brazilian sports betting market grew 44.4% from 2021 to 2022, reaching BRL 4,506 million (US$ 940 million) in gross gambling income (GGR) and BRL 9,265 million (US$ 1,860 million) in GGR. dollar) is estimated to reach. Until 2027 (105% increase). Given this rapid growth, IBIA and its members are particularly focused on using the features of its unique global monitoring and alerting system to support the protection of the regulated betting market and sporting events in Brazil.
IBIA’s recently released Q1 Integrity Report includes a targeted analysis of 105 suspicious alerts across the region and alerts in the Latin American market during 2018-22. Across LatAm, the main source of suspicious betting alerts was Brazil (31%), with football making up the majority (61%).
Khalid Ali continues:IBIA is a non-profit organization with no competitive conflicts from the delivery of business services to other industries; The association is run by operators specifically for sports and operators with the core mission of protecting regulated sports betting markets for consumers. Responsible regulated sports betting operators have a substantial incentive to help with the crackdown on match-fixing, and IBIA aims to be at the forefront of this preventive action in Brazil.
“IBIA’s advocacy expertise and monitoring and alerting network will play a vital role in helping Brazil successfully deter, investigate and prosecute match-fixing. As part of our expansion, we aim to leverage data sharing agreements with regulators, sports and law enforcement to ensure the integrity of Brazilian sport and the regulated betting market. Our experience in education and cross-industry programs such as IBIA’s Data Standards group, which includes major global sports betting data companies, can also make an important contribution to protecting Brazilian sport from the dangers of match-fixing.”
About Brazilian policy and regulatory developments
The Brazilian government has announced its intention to regulate the sports betting market. The most urgent development is the Interim Measure introduced by the Federal Government, which will establish rules for sports betting companies to operate in Brazil. In addition, the issue of sports integrity is expected to be addressed by a Parliamentary Commission of Inquiry into football match fixing incidents.
The International Betting Integrity Association is the leading global voice on honesty for the licensed betting industry. Our members share the common goal of fighting betting corruption to protect the integrity of sport and their businesses. We are a non-profit association founded in 2005, formerly known as ESSA, whose members include many of the world’s largest regulated betting operators operating on six continents. Members go through a rigorous due diligence process and must adhere to our code of conduct, which subjects them to responsible betting practices.
The International Betting Integrity Association’s Monitoring and Warning Network is a highly effective anti-corruption tool that detects and reports suspicious activity in the betting markets of its members. The bespoke system monitors transactional activity associated with individual consumer accounts, clearly distinguishing it from commercial monitoring systems that focus on simple rate movements. The association has longstanding knowledge sharing partnerships with leading sports organizations and many gambling regulators, including FIFA, UEFA, ITIA and IOC, to use this data and prosecute corruption. The association maintains a policy of transparency and publishes quarterly integrity reports that analyze reported activity on its network.
Tuesday, 09 May 2023