In partnership with the IBIA - International Betting Integrity Association, of which galera.bet has become a member to comply with Brazil's regulatory parameters, the sports betting website contributed to the debate.
"It is a great honor to represent the Brazilian market in this discussion and to work towards building a more ethical environment in sports. Match-fixing is a known problem that threatens the credibility of both sports and sports betting," said Paula Braytne, compliance director of galera.bet.
"The fight against this wrongdoing requires collaboration in information sharing and sharing of responsibilities. The event promoted by the IOC and UEFA emphasized the value of partnership between sports governance bodies and betting operators in committing to the integrity of sports," Paula emphasized.
"It is an opportunity for us to visualize together the end-to-end match-fixing prevention system and work on its improvement. It is essential to discuss the mechanisms currently used for the prevention and identification of suspicious activities," she reiterated.
"We must bear in mind that the issue of match-fixing is global and can involve different jurisdictions in the same case. Often, the fraudulent bettor is not located in the country where the event is being fixed, hence the importance of cooperation agreements between countries and international institutions," she added.
Governance
According to the executive's perspective, the betting sector has a high international governance standard on the subject and invests in technological resources, processes, and experts in identifying unusual activities on platforms. This, combined with the high volume of data operated by bets, becomes essential information in investigations led by sports entities and law enforcement authorities.
"As we have more sports betting operators integrated into the IBIA's information exchange network, we gain more assertiveness and quality of information regarding suspicious activities involving Brazilians and events in Brazil. The advancement of regulation in the country is essential to ensure that operators are at an equal level of commitment and connected in the same alert sending network," Braytne explained.
The first part of the event featured presentations from the Olympic Movement Unit for the Prevention of the Manipulation of Competitions (OM PMC Unit) and the area that works on prevention for people not to become addicted to UEFA results, describing their respective strategies and monitoring systems to detect irregularities and cheating.
Established in 2017 to oversee the implementation of the Olympic Movement Code on the Prevention of the Manipulation of Competitions by sports organizations, the OM PMC Unit follows a three-pillar strategy, focusing on regulation and legislation, increasing awareness and training, as well as intelligence and investigations.
On the intelligence side, the OM PMC Unit, through its Integrity Betting Intelligence System (IBIS) and with various partners, will monitor sports betting during the Paris-24 Games. At the event, several betting operators shared how they cooperate with the IOC on suspicious cases.
In the second part, during interactive sessions, participants had time to delve into possible collaboration models between sports organizations and betting entities and discuss the latest trends in betting and related challenges.
Source: GMB
