The International Betting Integrity Association (IBIA) has upgraded its technology platform used for global sports integrity monitoring.
The association states that the upgrade falls in line with its commitment to investing in technology resources to combat betting-related match-manipulation. The upgrade has focused on making the IBIA’s platform faster, more efficient and more streamlined.
Allegations of sporting corruption have been seen across the globe in recent weeks. Notable cases are occurring in Brazil, relating to the country’s top-flight football league, and earlier this week a British professional snooker player was banned for five-years under match-fixing charges.
Khalid Ali, CEO at IBIA, said: “IBIA’s new integrity technology platform provides enhanced functionality and greatly improves our ability to analyse our members’ customer account level data, which covers over $300bn in betting transactions annually, to identify and report suspicious betting activity.
“The upgrade allows us to provide a technological platform that keeps pace with the integrity requirements of our growing membership and the scope and scale of the market data we receive across our wider intelligence network.
“It will be a key pillar in our ongoing efforts to protect the integrity of sporting events and regulated sports betting markets globally.”
The IBIA added the enhancement services to support its overall mission of safeguarding regulated betting markets, protecting consumers of the sports and betting industries, and maintaining the integrity of global sporting events.
With the global growth of the sports betting industry, most notably in the Americas, the IBIA has seen an increase in its membership. The rollout of nationwide betting in the US from 2018 and the forthcoming launch of a regulated market in Brazil are of particular interest to the organisation.
The organisation has cited stats from H2 Gambling Capital, a betting industry data and intelligence group, which projects Brazil to generate USD$34bn in betting turnover by 2028.
Shoring up its position in Brazil, the organisation now counts the bulk of registered operators in the country in its membership – its collective Brazilian membership represents over 70% of the market’s gross gambling revenue. It has also signed a cooperation agreement with the Ministry of Finance, which will oversee the development of the market.
“The upgrade of IBIA’s monitoring and alert platform is particularly timely given the imminent launch of regulated sports betting in Brazil,” Ali continued.
“We’re confident that this tool will provide best-in-class support for our new members and partners, including the Brazilian authorities and sporting bodies, to protect the market and sporting events.”
