The International Betting Integrity Association (IBIA) has upped its focus on the Brazilian market.
The betting integrity body has expanded its operations in Brazil in response to impending government regulation, followings its recent Q1 integrity report results.
The IBIA reported a total of 40 sports betting alerts to relevant authorities concerning nine sports during Q1 2023 consisting of: football, tennis, table tennis, cricket, basketball, esports, volleyball, boxing and snooker.
The IBIA’s monitoring network already covers 60% of the Brazilian market; however, there were 105 suspicious alerts in Latin America between 2018-2022, of which Brazil made up 31%, with 33 alerts reported on suspicious events in Brazil from 2018-2022.
The IBIA operates via a monitoring and alert platform that works as an anti-corruption tool, designed to detect and report suspicious betting activity by using detailed consumer data.
Arthur Lira, President of the Chamber of Deputies, has approved a request to create a Parliamentary Commission of Inquiry focused on possible match-fixing cases linked to sports betting.
Speaking in advance of the Government’s provisional measure on sports betting regulation, Khalid Ali, IBIA CEO, said: “We welcome the Brazilian Government’s decision to regulate the sports betting industry as an overwhelmingly positive move. As IBIA’s 2021 betting market study confirms, balanced and efficient sports betting regulation is part of the solution to sports betting-related match-fixing.
“IBIA looks forward to working with policymakers to ensure Brazil enjoys the full benefits of a dynamic and competitive sports betting market, whilst reducing the risks of match-fixing.”
Source : Gamblinginsider