IBIA urges Latin American decision-makers to intensify efforts in building a strong sports betting integrity framework to combat match-fixing.
The association recommends adopting the new Brazilian regulatory framework as a model across the Latin American region. It also mandates licensed sports betting operators to join an independent integrity monitoring body.
The adverse impact of match-fixing on the Brazilian betting market and sports remains a significant issue. This problem continues to be of noteworthy importance. Therefore, IBIA has welcomed the recent publication of Ordinance 827/2024. Additionally, its integrity reporting requirements as an essential step towards addressing any integrity concerns. IBIA has reported 127 cases of suspicious betting to regional authorities over the past five years. This positions Brazil to become an integrity leader in Latin America.
IBIA CEO, Khalid Ali said that 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 their ability to monitor more betting transactions in Brazil’s regulated market. Their priorities are to further strengthen their monitoring and alert network and extend their information sharing agreements with partner organizations in Brazil and across the Latin American region.
Brazil has made an attractive market for licensed sports betting operators through the new regulatory regime. By 2028, it is projected to achieve $34 billion in sports betting turnover. This is according to a recent study by H2 Gambling Capital.
IBIA already accounts for more than 60 per cent of remote gambling market in Brazil. This is a share that continues to grow and has previously agreed to an integrity information sharing and wider anti-match-fixing partnership with Genius Sports. Therefore, IBIA is well placed to support a crack-down on match-fixing not only in Brazil, but also in wider LatAm as new gambling legislation gathers pace across the region.
