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The International Betting Integrity Association (IBIA) is set to launch investigations into prevalent match-fixing claims across Brazil. The organization has made a swift response due to the massive growth of sports betting in th country. The operation was also triggered by the Q1 integrity report results that were released recently.
Recently, IBIA reported that it had received 40 suspicious betting alerts on nine sports in Q1 of 2023. The affected sports include football, tennis, table tennis, cricket, basketball, esports, volleyball, boxing, and snooker. Though the figure decreased by 16.6% from what was reported in Q1 of 2022, it still requires serious attention.
Though the IBIA network monitors around 60% of the Brazilian market, previous reports indicate that 105 suspicious alerts were recorded in Latin America between 2018 and 2022, with Brazil covering 31%. The IBIA has a system designed to detect and report any suspicious activities in sports betting.
Khalid Ali, IBIA CEO, said: “We welcome the Brazilian Government’s decision to regulate the sports betting industry as an overwhelmingly positive move. As IBIA’s 2021 betting market study confirms, balanced and efficient sports betting regulation is part of the solution to sports betting-related match-fixing.
“IBIA looks forward to working with policymakers to ensure Brazil enjoys the full benefits of a dynamic and competitive sports betting market whilst reducing the risks of match-fixing.”
Ali added that what sets IBIA apart from commercial monitoring systems is the ability to track transactional activity linked to individual consumer accounts rather than analyzing simple odds movements.