The International Betting Integrity Association (IBIA) has called for decision-makers in Latin America to “increase their focus on creating a robust sports betting integrity ecosystem to tackle match-fixing.”
Part of the new Brazilian regulatory framework includes a requirement for licensed sports betting operators. Under the new regulations, these operators must join an independent integrity monitoring body.
The IBIA released a statement that outlined the effects match-fixing is having on the local market.
The organization said, “The adverse impact of match-fixing on the Brazilian betting market and sport continues to be an issue of significant importance. IBIA therefore welcomes the recent publication of Ordinance 827/2024 and its integrity reporting requirements as a vital step towards addressing any integrity concerns.
“Brazil is poised to become an integrity leader in LatAm, which has seen IBIA report 127 cases of suspicious betting to the relevant authorities in the region over the last five years.”
The IBIA’s global integrity network currently has more than 50 members and is made up of more than 125 betting brands. The association offers services that combat corruption through a collaboration of worldwide operators.
The IBIA’s membership currently accounts for more than 60% of Brazil’s remote gambling.
In other regional news, Sportingtech recently opened a new office in São Paulo, Brazil. The company said this is the next step in extending its reach throughout the country as it seeks to “enhance closer relationships with its partners and clients.”
The new office will serve as Sportingtech’s “hub for operations” and “will cater to the unique needs of this market.”
