Compliance Updates
IBIA calls for LatAm jurisdictions to adopt robust sports betting integrity provisions
Welcomes Brazilian requirement for operators to join an independent integrity monitoring body
The International Betting Integrity Association (IBIA) today called for Latin American decision-makers to increase their focus on creating a robust sports betting integrity ecosystem to tackle match-fixing. The new Brazilian regulatory framework, which includes the requirement that licensed sports betting operators should join an independent integrity monitoring body, provides a template that should be replicated across the LatAm region.
The adverse impact of match-fixing on the Brazilian betting market and sport continues to be an issue of significant importance. IBIA therefore welcomes the recent publication of Ordinance 827/2024 and its integrity reporting requirements as a vital step towards addressing any integrity concerns. Brazil is poised to become an integrity leader in LatAm, which has seen IBIA report 127 cases of suspicious betting to the relevant authorities in the region over the last 5 years.
Khalid Ali, CEO of IBIA, said: “The Ordinance’s stipulation that operators in Brazil must join an independent sports integrity monitoring body is helping to drive growth in IBIA’s membership and in our ability to monitor more betting transactions in Brazil’s regulated market. Our priorities are to further strengthen our monitoring and alert network and extend our information sharing agreements with partner organisations in Brazil and across the Latin American region.â€
The new regulatory regime has made Brazil an attractive market for licensed sports betting operators: it is projected to achieve $34bn in sports betting turnover by 2028, according to a recent study by H2 Gambling Capital. IBIA already accounts for more than 60% of the remote gambling market in Brazil, a figure that continues to grow, and has recently agreed an integrity information sharing and wider anti-match-fixing partnership with Genius Sports. IBIA is therefore well placed to support a crack-down on match-fixing in Brazil and wider LatAm as new gambling legislation gathers pace across the region.
Khalid Ali, CEO of IBIA: “With legalisation comes renewed responsibility to protect the sports betting market, sports and consumers from match-fixing. Brazil has set a high bar on integrity, but there remains a lot of work to do in the wider LatAm region. Our focus must be on creating a robust sports betting integrity ecosystem across the whole LatAm marketplace. IBIA will therefore be working with its widening LatAm network to ramp-up monitoring and strengthen the collaboration between key stakeholders.â€
IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators for operators to protect regulated sports betting markets from match-fixing. IBIA provides a free integrity monitoring and alert service to sports governing bodies, gambling regulators and law enforcement agencies, enabling all parties to cooperate in investigating, prosecuting and deterring sports betting related match-fixing.
IBIA’s monitoring and alert network is the largest and most effective of its kind. It harnesses the collective resources of the world’s biggest sports betting operators and can monitor and analyse $300bn in global betting transactions per annum. By monitoring transactional activity at the consumer account level it provides much more detailed and accurate information on suspicious bets to support investigations than systems which simply monitor betting odds movements.
Compliance Updates
GLI Becomes First Laboratory to be Accredited in Maranhão, Brazil
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.
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.
Compliance Updates
Betano Receives Licence to Operate in Colombia
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.
“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.
Compliance Updates
Chris Christie bets on Texas to approve OSB in 2025
Former New Jersey Governor Chris Christie has backed Texas to legalise online sports betting in the state’s next legislative session.Â
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.
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.â€
Despite another potential setback in California, Christie has backed sports betting to penetrate pretty much every state eventually.
“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.â€
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.â€
-
Latest News7 days ago
Caesars Virginia Opens Dec. 12, 2024
-
Latest News7 days ago
Aristocrat Announces the Sale of the Plarium Mobile Gaming Business to Modern Times Group for an Enterprise Value of up to $820M
-
Latest News7 days ago
The Casino @ Dania Beach Successfully Upgrades to QCI Enterprise Platform Version AGI55
-
Latest News6 days ago
Bragg Gaming Group Announces Record Third Quarter 2024 Revenue of Eur 26.2 Million (USD 29.3 Million)
-
Latest News7 days ago
Galaxy Gaming Stockholders Approve Acquisition by Evolution
-
Latest News2 days ago
Full House Resorts Announces New Leadership for Rising Star Casino Resort
-
partnerships6 days ago
Tin Lizzie Gaming Resort Partners with Quick Custom Intelligence for Next-Level Gaming Experience
-
Latest News3 days ago
Arizona Department of Gaming Investigation into Illegal Gambling Leads to Record-Breaking Firearms Seizure