IBIA Pens Deal with Buenos Aires Regulator

IBIA’s deal with Lotería de la Ciudad has come true. The International Betting Integrity Association has forged a partnership with the governing body overseeing sports betting in Buenos Aires, Argentina. This landmark memorandum of understanding will see IBIA lend its expertise in sports betting integrity to support the regulated market. Get to know more in the following sections.

The collaboration involves an exchange of technical knowledge and information, reinforcing fraud control measures and prevention strategies within the city’s betting landscape. Buenos Aires unveiled its legal online sports betting sector in December 2021, concurrently launching legalised online gambling. IBIA’s CEO, Khalid Ali, expressed delight, emphasising the joint mission to shield sports, consumers, and the regulated betting market from match-fixing.

IBIA’s Retrospection – Q1 Integrity Report

In IBIA’s quarterly report of 2018-22, nine suspicious betting alerts were identified in Argentinian events, accounting for approximately 9% of all the 105 alerts reported in the LatAm region during that period. This underscores the significance of IBIA’s commitment to safeguarding sports integrity and combating corruption in betting, with nearly half of the regulated online betting activity represented.

IBIA’s partnership with Lotería de la Ciudad, signed by Martín García Santillán and Federico Cattadori, further solidifies this commitment. It aligns with Lotería de la Ciudad’s objective to safeguard sports integrity and prevent fraudulent practices. IBIA’s new deal will facilitate the exchange of information on suspicious betting activities, leading to enhanced fraud prevention measures.

Looking ahead to Q2 2023, IBIA reported a notable 44% decrease in suspicious bets compared to the same period in 2022. Football remained the highest contributor, accounting for 38% of all reports. This decline signals a positive development that we will look into in the following sections.

IBIA’s Q2 Suspicious Betting Alert – Argentina’s Absence

Argentina didn’t feature in IBIA’s list of countries with flagged suspicious betting in its latest quarterly report. In Q2, IBIA reported 50 suspicious betting alerts, focusing on football. Europe accounted for the majority of suspicious betting alerts, totalling 34. Conversely, South America generated six alerts, including four related to football in Brazil and two tennis cases in Chile.

During Q2, IBIA expanded its network by welcoming Olybet, the sports betting brand of Olympic Entertainment Group (OEG), as a member in June. Furthermore, IBIA formed a partnership with the Portuguese Online Betting and Gambling Association (APAJO). Furthermore, IBIA collaborated with Brazil’s Institute of Responsible Gaming (IBJR) to establish anti-match-fixing measures in the country.

This initiative followed IBIA’s plans to broaden its operations in Brazil. In light of its expanding presence in the country, IBIA is closely monitoring games and bonuses from online casino sites in Argentina. This guarantees compliance with regulatory standards while providing a secure and enjoyable gambling experience for players.

IBIA’s New Deal – Key Aspects

The collaboration between the International Betting Integrity Association (IBIA) and Lotería de la Ciudad heralds a significant stride towards safeguarding the integrity of sports betting in Buenos Aires, Argentina. To cut the story short, we have gathered the main aspects for you to understand IBIA’s new deal with Lotería de la Ciudad of Buenos Aires below:

IBIA’s partnership stands as a beacon of progress in fortifying the integrity of sports betting. The remarkable 44% reduction in suspicious bets reported in Q2 2023 attests to the effectiveness of collaborative efforts. It signals a promising future for a secure and transparent sports betting arena in Buenos Aires.

Q1 and Q2 Comparison

IBIA’s new deal with Lotería de la Ciudad aims to strengthen fraud prevention and certifies fairness in sports tournaments. This highlights IBIA’s commitment to protecting sports, ensuring consumers’ security, and the regulated betting market. See a comparison between the current year’s first and second quarters’ betting alerts below:

IBIA’s Q1 report highlighted the significance of their efforts, detecting nine suspicious alerts in Argentinian events, constituting 9% of all alerts in the LatAm region. Looking ahead, the substantial decrease in suspicious bets reported in Q2 2023 demonstrates the positive impact of these initiatives. Football’s prominence as a contributor highlights the need for continued vigilance.

Conclusion

IBIA’s partnership with Lotería de la Ciudad represents a pivotal step towards fortifying the integrity of sports betting in Buenos Aires, Argentina. This collaboration underscores IBIA’s commitment to combat match-fixing while bolstering fraud prevention measures. The shared goal of securing fairness in sporting competitions is evident in their dedication to monitoring and maintaining the integrity of the regulated betting market.

All in all, the substantial decrease in suspicious bets reported in Q2 2023 further highlights the positive impact of IBIA’s deal with Lotería de la Ciudad. Together, they are setting a commendable precedent for a transparent, secure, and responsible sports betting landscape in Buenos Aires.

FAQ

Before this blog post about IBIA’s deal with Lotería de la Ciudad of Buenos Aires comes to an end, we wanted to include a few frequently asked questions. They will help you solve any doubts you may have. Please, keep in mind that the answers will jump to the paragraph of your interest. See them below: