The International Betting Integrity Association (IBIA) has gained a new member in Latin America after signing a memorandum of understanding with the Loteria de la Ciudad, the regulator of gaming in Buenos Aires.
Under the terms of the deal, the IBIA will provide its betting integrity monitoring services to the regulator to ensure the fairness of sporting competition in Buenos Aires.
Aiming to protect the integrity of the game and ensure betting markets are not compromised, the collaboration will see the pair work to ensure fraud control and prevention in the region.
Martín García Santillán and Federico Cattadori, President and Manager of Gaming and Betting Control of Lotería de la Ciudad, signed the Memorandum with IBIA, which establishes guidelines for technical knowledge sharing and information collaboration when it comes to the integrity of sports and betting.
Penning a deal with the IBIA helps Loteria de la Ciudad to fulfill one of its core objectives; to “strengthen ties with international bodies for the protection of the integrity of sport and sports betting and… commitment to the prevention, surveillance and detection of unfair or fraudulent practices”.
Khalid Ali, IBIA CEO, said: “IBIA is delighted to have reached an agreement with the Lotería de la Ciudad to work collaboratively to protect sports, consumers, and the regulated betting market from match-fixing.
“The association and its members will analyze the betting on their global markets, which cover over $137bn in sports betting revenue per annum, and work closely with the Lotería de la Ciudad to identify and investigate any suspicious betting activity.”
From 2018 to 2022, the IBIA detected nine suspicious betting alerts stemming from Argentinan sports, which made up around 9% of all Latin American reports in the period.