International Betting Integrity Association’s Post

Reflecting on the recent call by the International Betting Integrity Association for Latin American jurisdictions to adopt robust sports betting integrity provisions, I am reminded of a similar call they made to #Malta 🇲🇹 around 2015. This reflection brings to mind the significant strides we have made at the Malta Gaming Authority since then. Here’s a glimplse to what we’ve accomplished since then: ✅ Established a dedicated Sports Betting Integrity Unit Equipped with specialised systems and personnel to continuously tackle related issues. 📜 Introduced legislative provisions MGA-licensed operators are now required to report any instances of suspicious betting. 🌐 Created specific reporting portals Facilitated easy and efficient reporting for operators. 🤝 Partnered with external service providers Enhanced our intelligence gathering systems through strategic partnerships. 📄 Issued industry guidance papers Amongst many different provisions, we also included recommendations for operators to join betting monitoring bodies. 🔍 Provided substantial customer-level data Supported SGBs and law enforcement with customer-level data, leading to successful investigations and prosecutions. 📈 Engaged in numerous policy projects Both locally and internationally, resulting in publications and policy changes that bolstered sports integrity measures. 📝 The list goes on … Some of these achievements were indeed recommendations addressed by the IBIA in their 2015 call. That call was one of a number of pivotal moments that fueled my personal drive to push boundaries and achieve more in this field. This collaboration between regulators and betting monitoring bodies symbolises collective, unwavering dedication to safeguarding sports and sports betting from corruption. Together, we need to champion integrity and trust. #SportsIntegrity #BettingIntegrity #GamingAuthority #MGA #LatAmGaming #SportsBetting #ResponsibleGaming #Collaboration #PolicyChange #IntegrityMatters

Are we approaching a saturation point in the sports betting marketplace? In the latest Seton Hall Sports Poll, it's the first time we have seen flat or really small growth from the general population since we have been tracking the sports betting industry. The only growth was among sports and avid fans - i.e., getting existing users to bet more. See the full detail and numbers here: https://lnkd.in/g5FyAfn7 Dan Ladik Chief Methodologist, Seton Hall Sports Poll

Given the recent standards and legislation shaping Brazil's sports betting industry, conducting an optimized ad campaign is the strategic path forward. Want to craft compelling ads while adhering to strict ethical and legal guidelines? 🔗 Check out our article and discover everything you need to know: https://lnkd.in/dCqb2Npx #SherlockComms #Brazil #SportsBetting #Betting

Hello, everyone! I hope you are having a great day. 😊 I am writing to share some exciting news with you. The Brazilian Congress has recently approved the PL 3626/2023, a bill that regulates the sports betting market in Brazil. 🇧🇷 This is a historic moment for the Brazilian sports industry, as it opens up new opportunities for innovation, investment, and entertainment. 🚀 The PL 3626/2023 establishes the legal framework for the operation of sports betting in Brazil, based on the following principles: The sports betting market will be open to both national and foreign operators, subject to licensing and taxation requirements. 📄 The sports betting products will be based on fixed odds, meaning that the payout is determined at the time of placing the bet. 💰 The sports betting operators will be able to offer bets on any sporting event, both domestic and international, as well as on non-sporting events, such as elections, awards, and reality shows. 🏆 The sports betting operators will be required to adopt measures to prevent money laundering, fraud, and match-fixing, as well as to protect the integrity of sports and the rights of consumers. 🔒 The sports betting operators will be obliged to contribute to the development of sports in Brazil, by allocating a percentage of their revenue to the National Sports System, the National Olympic Committee, and the National Paralympic Committee. 🏅 The PL 3626/2023 is a result of a long and collaborative process, involving the participation of various stakeholders, such as the Ministry of Economy, the Federal Revenue Service, the Central Bank, the sports federations, the sports betting operators, and the civil society. 👏 I would like to congratulate and thank everyone who contributed to this important achievement, especially the President of the Republic, the Speaker of the House of Representatives, the President of the Senate, and the rapporteurs of the bill in both chambers. 🙌 I believe that the PL 3626/2023 will bring many benefits to the Brazilian economy and society, such as: -Generating more jobs, income, and tax revenue. 💵 -Promoting more competition, innovation, and quality in the sports betting market. 🚀 -Enhancing the attractiveness and visibility of the Brazilian sports scene. 🇧🇷 -Stimulating the growth and diversification of the sports sector. 🏀 -Fostering the culture and education of sports in Brazil. 🎓 I am looking forward to seeing the implementation of the PL 3626/2023 and the positive impacts that it will have. Check the official report here: https://lnkd.in/dmn3sxsa [image powered by Bing AI + GPT 4] #brazil #sportsbetting #betting #igaming #gambling #onlinecasino

The Canadian Football League (CFL) has vocally opposed federal regulations on sports betting advertisements, advocating for self-regulation by professional sports organizations instead. CFL commissioner Randy Ambrosie expressed this stance in a letter to the Senate committee on transport and communications, advocating for a balanced approach to ensure the sport’s integrity while maintaining vital revenue streams for teams. Ambrosie’s letter comes in response to Bill S-269, which has passed its second reading in the Senate. The proposed bill aims to significantly limit sports betting advertising and establish national standards to prevent problem gambling. Notably, it includes a ban on endorsements by celebrities and athletes in promoting all forms of sports betting. Read the full story ➡ https://lnkd.in/dC-BhSFG #sports #gambling #gamblingnews #advertising #regulation #canada

📢 Brazil Senate approves sports betting 🇧🇷 Today marks a historical milestone as the Brazilian Senate has passed the bill that will regulate sports betting in Brazil. The vote encountered a setback last week when a group of senators opposing the bill successfully invoked Senate rules, affording them additional time to scrutinize the proposed measure. 📰 Read the full article here: https://hubs.la/Q02d21780 #SiGMA #SiGMANews #Casino #iGaming #SportsBetting #Betting #Gambling #BrazilSenate

New York continues to break its online sports betting revenue records month after month, once again publishing unprecedented results in January. According to official data, licensed sportsbooks recorded a total sports betting GGR of $211.5 million. This figure smashes December’s previous record, attesting to the fact that the New York betting sector is yet to unfold its full potential. For reference, sportsbooks posted revenue of $188.3 million in December 2023. Sports betting handle, on the other hand, failed to surpass the $2 billion mark just barely as the state’s sportsbooks reported handling a total of $1.96 billion in bets. Despite the slight decrease on December, this figure still represents a significant 11.5% year-on-year increase from January 2023. While this figure interrupts New York’s $2 billion monthly handle streak, the overall results are still very positive. Read the full article ➡ https://lnkd.in/dDWWEhD9 #business #finance #sports #gambling #gamblingnews #usa #newyork

US: New Proposal to Regulate Sports Betting By Prof Dr Ian Blackshaw Sports betting is a controversial subject around the world, not least in the United States. Following the lifting by the US Supreme Court of the Federal ban in 2018, sports betting has mushroomed and has been legalised in 38 of the 50 States. In fact, last year, the US betting industry posted a record turnover of US$11 billion, an increase of 44% on the previous year. Two members of the US Congress, Richard Blumenthal and Paul Tonko, are introducing legislation, to address sports betting at the Federal level. The new legislation will focus on affordability, advertising and AI, particularly to track players’ gambling habits, and will be known as the ’SAFE (Supporting Affordability and Fairness with Every Bet) Bet Act’. In particular, the Act aims to ensure that sports betting operators comply with minimum Federal standards and to address the health implications arising from legalised sports betting, especially gambling addiction. For the entire report, see: https://lnkd.in/eg7ajGDH

Multi-state online mobile #sportsbook operators are entering #market access agreements in accordance with state #legislation after the sports wagering market has proliferated at an expedited pace. This alert provides an overview of what market access agreements are, the benefits of professional #sports teams having these agreements in place as well as key terms to keep in mind as professional sports teams consider entering into such market access agreements. Read the full alert here. #sportslaw Da'Morus Cohen | Michael Peacock | Matthew Rubino

The sports betting sector has witnessed unprecedented growth, with revenues hitting a record $10.92 billion in 2023, a striking 44.5% increase from the previous year. The expansion into new states and a significant rise in sportsbook win percentages have been key drivers behind this surge. It's crucial to navigate the challenges that come with rapid growth, including the regulatory landscape and the importance of promoting responsible gambling behaviors among consumers. The slowdown in new states legalizing sports betting serves as a cautionary reminder of the hurdles the industry still faces. While the financial benefits are clear, with $14.4 billion generated in gambling taxes for state and local governments in 2023, the path forward requires a balanced approach that considers ethical, regulatory, and societal impacts. As industry professionals, we must advocate for policies that support sustainable growth while ensuring consumer protection and integrity within sports. #SportsBetting #SportsIndustry #EthicalSports https://lnkd.in/gCzeU5hw