The Secretary of Prizes and Bets of the Finance Ministry of Finance (MF), Regis Dudena, explains that these four organizations are recognized globally in monitoring the sector, operating in countries such as Canada, England and Australia. They have highly qualified expertise in identifying suspicious betting movements, helping to identify and contain attempts to manipulate results.
With the signatures of the ACTs, these organizations will provide information on the betting market to the SPA. This partnership also paves the way for assisting in the qualification of SPA teams, with the training of those responsible for monitoring movements in the sports betting sector.
“They will train us, so that we can identify possible cases of manipulation and related fraud; in addition to sharing information. It is a two-way street,” explains Regis Dudena.
In other words, both the SPA and the participating integrity organizations are simultaneously strengthening their monitoring capabilities.
In the formation of these partnerships, through ACTs, there are no transfers of resources, nor payments, from either party. The initiative's focus is to strengthen the security of the entire system, protecting the betting market, sport and society as a whole.
Dudena emphasizes that this monitoring network protects bettors, athletes, teams and fixed-odds betting operators from malicious actions by fraudsters. This is due to the fact that there will be greater availability of data on movements in the sports betting market and even more detailed analyses of manipulation attempts.
“We can and should share information so that all operators can be aware of suspicious cases,” emphasizes the secretary. “Together we will mitigate this problem on a global scale,” he states.
The agreements are valid for 60 months (5 years) and new similar mechanisms may be established in the future. “The SPA is open to talking to other organizations that work on betting integrity,” he points out.
Khalid Ali, CEO of IBIA, said: “IBIA is delighted to have signed this agreement with the Ministry of Finance and commends the government’s focus on creating a robust ecosystem to combat match-fixing in sports betting. Collaboration and information sharing are essential to the success of this ecosystem. In line with the agreement, IBIA will identify and report suspicious bets on Brazilian sporting events to the Ministry of Finance, providing detailed customer account data, which is exclusive to IBIA and its members, to assist in investigations.”
Frederico Alves Soares Justo, General Coordinator for Monitoring Money Laundering and Related Activities at the Ministry of Finance, added: “For the SPA, signing this agreement with IBIA represents the certainty that we are on the right track to curb match-fixing. We will make the most of IBIA’s experience in monitoring the betting market to create mechanisms to combat this practice that undermines the credibility of sport and the betting market. It is a win-win partnership.”
Emanuel Macedo de Medeiros, co-founder and Global CEO of Siga and chairman and CEO of Siga Latin America, highlights Siga's commitment to supporting the Brazilian government in this crucial matter: "The integrity of sports betting is one of the fundamental pillars for the healthy and sustainable development of the sports sector and, consequently, for the Brazilian and global economy. We are, therefore, 100% committed to collaborating with the Brazilian government in this common goal."
"Our extensive knowledge and expertise, as well as our universal standards and rating system, are available to sports organizations, betting operators and regulators, as well as the government and other economic agents, such as sponsors, so that sports in Brazil are governed, operated and practiced in accordance with the highest standards of integrity."
Frederico Justo concludes: "It is a source of great satisfaction to sign this technical cooperation agreement with SIGA. Knowing that the Brazilian regulator has as an ally a serious organization dedicated to the integrity of betting and sport gives us confidence and makes us believe that we will reap great rewards from this partnership. Long live it.”
Source: GMB
