The International Betting and Integrity Association has welcomed the recently passed sports betting and igaming regulations in Brazil.
It noted the requirement for operators to be part of an international monitoring body, which it said would ensure “proper mechanisms are put in place to help protect operators, their customers, as well as sports, from potential fraud and manipulation.”
Brazil’s Chamber of Deputies passed both online casino and sports betting regulations last Thursday despite the chances of a successful vote looking slim before February.
The Brazilian Senate had removed the igaming legislation from the package of measures in Bill 3626/23, but the Chamber of Deputies overturned the ruling in the penultimate legislative session before the winter recess.
Khalid Ali, CEO of the IBIA, said: “This is an historic moment for sports betting in Brazil and is a major step forward in the fight against match-fixing.
“IBIA welcomes the adoption of specific betting integrity provisions in the law, which the association has been campaigning for since discussions on regulating sports betting began in 2018.
“A number of Brazilian market focused operators have already joined IBIA, and we look forward to engaging with other operators intent on offering well-protected sports betting products to Brazilian consumers via IBIA’s world-leading integrity network.”
Ali added: “By opening-up the market to licensed sports betting operators Brazil is sending a very important message to other markets in Latin America that a dynamic and competitive regulated sports betting framework with strong integrity provisions is essential to the fight against sports betting related match-fixing.”
