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IBIA Applauds Brazil’s Landmark Sports Betting Law for Integrity Measures

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The International Betting Integrity Association (IBIA) celebrates a pivotal moment in the Brazilian sports betting landscape, following the Brazilian Chamber of Deputies’ adoption of a comprehensive sports betting law. This law establishes a robust regulatory and licensing framework for operators in Brazil, encompassing both sports betting and online casinos, and integrates crucial integrity measures to combat match-fixing associated with sports betting.

A historic step for Brazilian sports betting!

IBIA commends the new law’s commitment to regulatory excellence and integrity in the fight against match-fixing.

This landmark law mandates that sports betting operators join an international monitoring body, a crucial provision for establishing effective mechanisms to shield operators, their customers, and the sports themselves from potential fraud and manipulation. Furthermore, the law empowers betting operators to withhold payments on bets for matches under corruption investigation, fortifying the industry against sports betting-related fraud.

Khalid Ali, CEO of IBIA, stated, “This historic moment for sports betting in Brazil marks a significant advance in the battle against match-fixing. We applaud the inclusion of specific betting integrity provisions in the law, which IBIA has actively championed since 2018. Numerous Brazilian market-focused operators have joined IBIA, and we eagerly anticipate engaging with more operators who aim to offer well-protected sports betting products in Brazil through IBIA’s leading integrity network.”

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Explore the secure and regulated sports betting environment in Brazil, now enhanced by IBIA’s world-class integrity network.

IBIA, an operator-run association, operates a comprehensive monitoring and alert network, pooling the resources and expertise of the world’s largest regulated sports betting companies. It oversees about US$150 billion in betting transactions across roughly 650,000 competitive sporting events globally, making it the largest monitor of its kind.

As per H2 Gambling Capital, IBIA members already represent over 60% of Brazil’s remote gambling market. The association’s international monitoring and alert network will provide precise intelligence on suspicious betting activities in Brazilian sports to regulators, law enforcement, and sports governing bodies.

Ali further commented, “The new law is a vital milestone against match-fixing, but we must remain vigilant. IBIA is dedicated to collaborating closely with Brazilian regulatory authorities, sports, and law enforcement to amplify our effectiveness in detecting and countering sports betting-related match-fixing and fraud.”

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The opening of markets to licensed sports betting operators is crucial in shielding consumers and the integrity of sporting competitions from match-fixing. Regulated markets divert consumers from unregulated spaces, where most match-fixing and corruption issues occur.

Ali added, “Brazil’s move to embrace licensed sports betting operators sends a strong message to Latin American markets about the necessity of a dynamic, competitive regulated framework with robust integrity provisions to combat match-fixing.”

IBIA welcomes the Brazilian Chamber of Deputies’ decision to avoid excessive gambling taxation while noting the potential impact of the overall tax burden and the substantial licensing fee on investments in Brazil. The association emphasizes the importance of a balanced regulatory and taxation framework to prevent driving consumers towards unregulated markets, thereby reducing tax revenues and increasing corruption risks. As Brazil takes this significant step, IBIA remains committed to supporting and enhancing the integrity of sports betting in the nation and beyond.

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Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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Daily News

SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report

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In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.

Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.

A Year of Remarkable Growth

Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.

Expanding Reach and Impact

One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.

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Introducing the Prime Jackpot Campaign

A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.

Insights from SOFTSWISS

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.

Looking Ahead to 2024

In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.

Meet SOFTSWISS at ICE London

The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.

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About SOFTSWISS

SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.

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