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Compliance Updates

IBIA AND FECOLJUEGOS JOIN FORCES TO RAISE STANDARDS IN SPORTS BETTING INTEGRITY IN COLOMBIA

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IBIA AND FECOLJUEGOS JOIN FORCES TO RAISE STANDARDS IN SPORTS BETTING INTEGRITY IN COLOMBIA

 

The International Betting Integrity Association – IBIA – together with the Colombian Federation of Entrepreneurs of Games of Luck and Chance – FECOLJUEGOS recently signed a Memorandum of Understanding with the aim of joining forces to establish projects and initiatives to fight against sports betting related fraud in Colombia and to protect the integrity of sports and sports betting companies.

IBIA is the world’s leading voice on integrity for the licensed sports betting industry with its account-based integrity monitoring system covering over US$137bn in betting transactions per annum globally. Data from IBIA and its members have played a significant role in supporting the investigations, prosecutions, and sanctioning of those parties involved in match-fixing, mitigating and preventing the possibilities of this type of irregular practice.

In 2021 those suspicious betting activities reported by IBIA to relevant authorities helped in issuing sporting or criminal sanctions against 11 teams or players. IBIA reported 121 alerts to relevant authorities in Latin America between 2017 and 2021, with a total of 9 alerts regarding suspicious matches taking place in Colombia- 8 concerning tennis and 1 football.

According to the latest figures from leading market data intelligence company H2 Gambling Capital, the total betting gross win in 2021 in Latin America[1] was worth US$1.9bn in 2021 with projections showing that it should rise to US$3.5bn in 2026. In Colombia the betting gross win is estimated at US$808m in 2021 and should increase to US$1.1 bn in 2026.

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Khalid Ali, CEO of IBIA stated: “We are happy to collaborate with Fecoljuegos on common projects in the fight against match-fixing. The establishment of the Colombian National Committee for the prevention of manipulation of sports competitions is the first of its kind in the Latin American region. Fecoljuegos played an important role in its launch and we fully support the call for integrity provisions to be included in the gambling legislation’.

For his part, Evert Montero Cárdenas, president of Fecoljuegos, considers that this is an important step for the sector in Colombia that reaffirms the industry’s commitment in this matter: “With great expectation we receive this memorandum which establishes an agreement of wills, we believe that this is an important step to shield the activity from irregular practices that have affected it for years. Partnering with IBIA is surely something that guarantees higher standards of integrity, which represents an advantage for the legal industry in the country”.

[1] Excluding Mexico as in the H2 Gambling Capital statistics Mexico is included in the North America section.

Compliance Updates

GLI Becomes First Laboratory to be Accredited in Maranhão, Brazil

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Gaming Laboratories International (GLI) has become the first laboratory to achieve accreditation in Maranhão, Brazil. The accreditation allows GLI to perform tests and certification for the gambling and lottery industry interested in working with lottery and fixed-odds betting operators in the state of Maranhão.

The milestone is the latest in a series of regulatory achievements for GLI in Brazil. Lottery of the State of Maranhão is the third jurisdiction in Brazil to accredit laboratories, and GLI is accredited in all and the first to be authorized in all.

Cassiano Pereira Junior, president of Maranhão Parcerias (Mapa), highlighted the importance of the partnership between the Maranhão State Lottery (Lotema) and GLI. “Every day we strive to make Lotema even better, providing greater security for its users. The partnership with GLI is a concrete way of achieving this goal, as its certification laboratories play an important role for the gaming and lottery industry, guaranteeing the conformity, security, and integrity of the products and systems used by Lotema,” Cassiano explained.

“We are grateful to the Lottery of the State of Maranhão for granting GLI the laboratory accreditation, becoming the first to be authorized in Maranhão. It is extremely gratifying to see how Lotema empower themselves by trusting the technical compliance process to provide transparency, integrity, and accountability to all the industry stakeholders through the certification process. The laboratory accreditation is the first step for a successful implementation of the certification based on jurisdictional standards, and the reason why we at GLI take this step very seriously and with great priority every time a new jurisdiction opens. We feel responsible for being part of the solution towards a fast and efficient implementation of regulations, thus supporting further local industry development and sustainable growth. We are grateful to Lotema and excited to be part of its thriving industry,” said Karen Sierra-Hughes, Vice President of Latin America, Caribbean, and Spain.

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GLI has been working with regulators, lotteries, and industry stakeholders across the Latin American and Caribbean region for more than 26 years in their efforts toward regulation, sustainable growth, and eradicating illegal gaming. In Brazil, GLI has been side by side with government entities and all industry stakeholders for nearly 20 years, participating in public hearings in the Senate, Chamber of Deputies, and State government level, and in recent years, adding strategic local representation to strengthen their local support.

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Compliance Updates

Betano Receives Licence to Operate in Colombia

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Kaizen Gaming Colombia, owner of the Betano.co brand, was authorized by Coljuegos to operate online betting in the country. With this new operator, there are now 16 web platforms that have the approval of the entity to market games of chance online.

“We continue to strengthen the online gaming industry. We hope that, with the entry of this new operator, we can continue to increase transfers for the health of Colombians. At this time, the platform is already operating for the betting public,” said Marco Emilio Hincapié, president of Coljuegos.

The entity is also in the process of authorizing an additional operator called Bingo Casino, which is expected to begin offering bets in the coming weeks.

It is worth mentioning that, by 2024, it is estimated that online betting portals will pay around $419,527 million to Coljuegos for exploitation rights, which represents an increase of 31% compared to the same period in 2023. All of these resources are transferred to the health system.

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“We are seeing that online betting is a sector of the economy that has driven the growth of the country’s Gross Domestic Product. That is why we are working to make the market even more attractive and to provide more options to bettors,” said the president.

According to financial projections, this new operator is expected to pay Coljuegos around $21.513 billion over the next five years for operating rights and administration costs, resources that can be transferred to subsidize health and scientific research.

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Chris Christie bets on Texas to approve OSB in 2025

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Former New Jersey Governor Chris Christie has backed Texas to legalise online sports betting in the state’s next legislative session. 

Christie helped pave the way for sports betting liberalisation across the US by bringing the Supreme Court case that led to the repeal of PASPA.

The case was fought and won by prominent conservative lawyer Ted Olson, who Christie hired to argue the case for states to make their own decisions on sports betting. Olson died last week at the age of 84.

After Missouri became the 39th US state to legalise sports betting in some capacity, attention has quickly turned again to the big three states of Texas, California, and Florida.

“I think it’ll happen in Texas in the next legislative session,” said Christie, speaking to Covers.com. The next session is due to commence in Texas on January 14, 2025.

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Christie is less confident about California, however, where competing sports betting ballots failed in 2022 amid a bitter dispute and lobbying war between online operators and local tribes.

California is seen as essential to the future prospects of US sports betting operators, given its size and wealth and dramatic impact on the country’s total addressable market (TAM).

“I don’t know about California,” said Christie. “This really takes gubernatorial leadership, and Gavin Newsom has got to decide if this is one of the issues he wants to lead on.

“Without gubernatorial leadership, the legislature won’t do it because they’re pulled like taffy in too many directions by too many different interests. Without the governor pushing for it, I just don’t think it’ll happen.”

Despite another potential setback in California, Christie has backed sports betting to penetrate pretty much every state eventually.

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“I really believe sports betting is inevitable to go just about nationwide, because people in America love their sports, they just do,” he said. “I think it is in the leagues’ best interests to grow their audience. The government gets some piece of the pie out of that which they enjoy, and the public seems to be pretty happy for the most part.”

Depending on expansion, US sports betting could, in theory, reach every state. It would then become a national issue, but Christie has warned the federal government not to interfere.

“Let the states handle it,” he said. “The states are doing fine. You haven’t heard of anything awful or irreversible happening since each state has been involved and they should have the ability to decide whether they want gambling or not.

“I don’t think the federal government should have anything to do with it and I don’t think they ever should have. I don’t think they have to be babysitters for the governors of the country.”

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