The International Betting Integrity Association (IBIA) has pledged to further its efforts in eradicating match fixing operations in Brazil.
This comes in the wake of a new set of government regulations that will shape the future of the sports betting industry in the country and increase the number of bets placed, which the IBIA warns will also boost criminal activity.
Khalid Ali, CEO of IBIA, commented: “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.”
Global gambling market data firm H2 Gambling Capital has calculated that sports betting in Brazil experienced a revenue growth rate of 44.4% between 2021 and 2022, with expectations for the market’s GGR to further increase with 105% by 2027.
As a result, the IBIA will deploy its proprietary monitoring and alert system to ensure the integrity of the regulated betting market and all future sporting events in Brazil.
Ali continued: “IBIA’s advocacy expertise and monitoring and alert network will have a vital role to play in helping Brazil successfully deter, investigate and prosecute match-fixing.
“As part of our expansion, we aim to utilise data sharing agreements with regulators, sports and law enforcement agencies to ensure the integrity of Brazilian sport and the regulated betting market.”
Last week, the IBIA released its Q1 2023 Integrity Report, which signified the importance of integrity-focused solutions in the LatAm market and the key role that regulated operators play in ensuring this.
Ali concluded: “Responsible regulated sports betting operators have a significant incentive to help crack-down on match-fixing, and the IBIA intends to be at the forefront of that preventative action in Brazil.”