IBIA expands operations in Brazil after suspicious betting reports rise
There were 33 reports of suspicious betting in Brazil between 2018 and 2022.
The International Betting Integrity Association (IBIA) is expanding its operations in Brazil.
As Brazil became a rapidly growing betting market, it also saw a rise in its suspicious betting activity. Indeed, the IBIA has reported that Brazil leads Latin America in the number of suspicious betting reports.
The IBIA found that there were 33 reports of suspicious betting activity in Brazil between 2018 and 2022, making up 31% of all suspicious activity in Latin America. Brazil has three times the amount of reports as any other country in Latin America.
Football, the most popular sport in Brazil, was found to make up the biggest percentage of reports at 61%.
The IBIA already represents over 120 licensed sports betting brands globally. It also accounts for over 60% of the remote gambling market in Brazil, a number it will hope to rise as part of these new efforts to expand its integrity monitoring and wider anti-match-fixing operations in the country.
IBIA CEO Khalid Ali said: “We welcome the Brazilian government’s decision to regulate the sports betting industry as an overwhelmingly positive move. As IBIA’s 2021 optimum 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.”
The IBIA will hope to provide a highly accurate analysis and effective deterrent against match-fixing and betting fraud in Brazil.
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