In addition to contributing to the ongoing betting market and integrity discussion in Spain and Portugal, the translations have been published to assist the development of betting policy consideration across Spanish and Portuguese speaking Latin America. To that end, the study assesses the existing regulatory models in Colombia, Mexico and Argentina, and it is hoped that this will assist the development of betting regulation in other regional countries such as Brazil.
H2 Gambling Capital valued the Latin American betting market at US$1.3bn in gross win in 2020 and it is forecast to see a near threefold increase to US$3.4bn by 2025.
“The burgeoning Latin American sports betting market is an increasingly important focus for IBIA members’ business operations. It is also unfortunately the focus of corrupters seeking to manipulate sporting events to defraud betting operators. Indeed, between 2017 and the end of the third quarter of 2021, IBIA alerted the relevant authorities to 112 cases of suspicious betting across 15 Latin American countries and four different sports,” said Khalid Ali, CEO of IBIA
The study was conducted by leading global gambling data and intelligence company H2 Gambling Capital, which was commissioned to evaluate various regulatory frameworks for betting around the world.
Gambling trade associations Betting and Gaming Council, BOS, European Gaming and Betting Association (EGBA), Jdigital and NOGA | Netherlands Online Gambling Association were also involved as project partners.
The study, now available in English, Spanish and Portuguese, seeks to:
- evaluate the regulation in 20 jurisdictions
- examine the impact of product restrictions
- determine the cost of match-fixing to regulated operators
- provide an optimum betting market solution in the form of ten regulatory pillars
The study, in different languages, is available here:
Source: GMB
