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IBIA Applauds Brazilian Sports Betting Legislation, Aiming to Bolster Integrity in Sports

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The International Betting Integrity Association (IBIA) celebrates the Brazilian Chamber of Deputies’ recent approval of a pivotal sports betting law. This groundbreaking legislation establishes a comprehensive regulatory and licensing framework for sports betting and online casino operators in Brazil, significantly enhancing the integrity and security of sports betting.

Central to the law is a mandate requiring sports betting operators to join an international monitoring body. This critical measure aims to fortify the betting industry against fraud and manipulation, safeguarding operators, their customers, and the sports themselves. Moreover, the legislation empowers operators to withhold payouts on bets linked to sporting events under investigation for potential corruption, a key step in deterring sports betting-related fraud.

Khalid Ali, CEO of IBIA, remarked, “This is a landmark development for Brazil’s sports betting landscape and a crucial advancement in combating match-fixing. IBIA has actively advocated for such betting integrity measures since the inception of sports betting regulation discussions in Brazil in 2018. We’re already seeing a growing number of Brazil-focused operators joining IBIA, and we eagerly anticipate further collaboration with operators dedicated to offering secure sports betting experiences in Brazil.”

IBIA operates a sophisticated monitoring and alert network, pooling resources and expertise from many top regulated sports betting companies worldwide. Monitoring roughly $150 billion in betting transactions across 650,000 global sporting events annually, IBIA stands as the world’s largest entity of its kind.

According to H2 Gambling Capital, a leading independent gambling market data authority, IBIA members constitute over 60% of Brazil’s remote gambling market. The association’s international monitoring network will deliver precise intelligence on suspicious betting activities in Brazilian sports to betting regulators, law enforcement, and sports governing bodies.

“While the new law marks a significant stride in tackling match-fixing, our efforts must remain vigilant,” stated Khalid Ali. “IBIA is committed to intensifying collaboration and sharing our expertise with Brazilian regulatory authorities, sports entities, and law enforcement to more effectively combat sports betting-related match-fixing and fraud.”

Licensed sports betting markets are essential in steering consumers away from unregulated markets, often rife with match-fixing and corruption issues. “Brazil’s move towards a regulated sports betting environment sends a powerful signal to other Latin American markets. A robust, competitive, and integrity-focused regulatory framework is vital in the battle against sports betting-related match-fixing,” Ali added.

However, IBIA also recognizes the risks of an overly stringent regulatory and tax environment, which can inadvertently push bettors towards unregulated markets, reducing tax revenue and increasing corruption and match-fixing risks. Therefore, while IBIA welcomes the Chamber of Deputies’ restraint in gambling taxation, it remains cautious about the overall tax burden and the significant licensing fee, currently set at BRL 30 million, which might inhibit investment in Brazil.

Compliance Updates

SYNOT Games Officially Certifies Over 140 Games in Brazil

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SYNOT Games has announced that more than 140 of its games have now been officially certified in Brazil.

“We are delighted to announce that more than 140 of our games have now been officially certified in Brazil. This significant achievement allows us to expand our reach and introduce a diverse selection of games to this dynamic market. Brazil represents a key opportunity for growth, and we are committed to delivering exceptional gaming experiences to the Brazilian audience,” the Company said.

“We are thrilled to introduce our portfolio in Brazil, offering innovative and engaging gameplay that promises to captivate and entertain players,” Martina Krajci, CCO at SYNOT Games, said.

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Compliance Updates

TaDa Gaming Celebrates Further Brazilian Certification Across its Portfolio

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Innovative casino content provider, TaDa Gaming, has had more top performing games officially certified for operators and players in Brazil.

GA, the globally recognised ISO/IEC 17025 Testing Laboratory, ISO/IEC 17020 Inspection Body and ISO/IEC 17065 Certification Body, has given its approval to a raft of TaDa releases, reinforcing its already strong brand position in the Brazilian market.

Brazil’s rapid growth and evolving legal framework for gaming regulation have provided opportunities and challenges. Ensuring compliance through certification is a key part of TaDa’s growth strategy as it continues to sign multiple new partnerships with local and international casino platforms, including recent deals with market leaders Aposta Ganha, Cactus Gaming and Betsul.

Enabling casino operators to offer more TaDa signature quality titles, such as Money Coming and Crazy 777, alongside TriLuck release, 3 Coin Treasures, gives players diversity in both theme and ways to win. The leading Fortune Gems series is already fully certified for the Brazilian market.

Ray Lee, Director of Business Development, TaDa Gaming, said: “Having our quality and integrity in casino game content verified by GA is testament to our commitment to our clients and players.”

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Compliance Updates

EGT Digital obtained a licence to operate in the regulated market in Peru

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EGT Digital obtained a licence to operate in the regulated market in Peru

 

EGT Digital is excited to announce that it is now authorized to operate as a provider in Peru. The company has received a licence from the regulatory gaming authority, the Ministry of Foreign Trade and Tourism (MINCETUR), which allows it to supply operators in the country with all of its core products – the X-Nave platform, the Gaming Aggregator, and the casino content.

EGT Digital’s in-house developed “all-in-one” betting platform X-Nave gives operators the technology and tools they need to build and develop a successful business online. It consists of 4 main modules: Sport Product, CRM Engine, Gaming Aggregator, and Payment Gateway. Еach can be part of the turnkey solution or operate independently, as they allow integration with third-party developments.

The Gaming Aggregator presents a wide variety of more than 12,000 games across 140 providers. It offers numerous player engagement tools and a Recommendation module through which operators can create highly personalized content for their customers based on users’ individual behavior and preferences.

EGT Digital’s gaming portfolio contains over 120 casino titles, including 4 top performing jackpots: Bell Link, High Cash, Clover Chance, and Single Progressive Jackpot. The company’s vast array of games is being constantly enriched with new additions designed to fit the tastes and requirements of different players. EGT Digital’s slots are currently presented in more than 50 markets around the world, having ranked among the favorites of gaming audiences in each one of them.

“This licence is an achievement of great significance for us,” said Tsvetomira Drumeva, Head of Sales at EGT Digital. “Entering the regulated market in Peru will allow us not only to unleash the huge potential of our products on a local level but also to continue our expansion in the region and consolidate our positions as a leading supplier of iGaming solutions in LatAm.”

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