Usually, Gaming Labs International is a body that hands out approval for other company’s platforms. However, it is GLI itself that has been approved after being certified as the approved auditing body for the International Betting Integrity Authority.
Following certification, GLI will be the official auditing body for the IBIA Data Standards, meaning that any sports data provider wishing to be part of the scheme can use GLI’s network of testing locations globally.
This is part of an effort to streamline the product auditing process and ensure that data providers remain compliant with IBIA standards.
“We are grateful for the opportunity to embark on this promising partnership, and we are thankful to IBIA for placing their trust and confidence in GLI,” said GLI Vice President of Government and Regulatory Affairs, Joseph Bunevith.
“GLI’s testing, auditing, and depth of knowledge in sports betting is second to none, and we expect this relationship to foster great outcomes for the global sports betting industry.”
The IBIA launched its Data Standards in 2020 in response to concerns that sports data may be manipulated and therefore corrupt betting markets.
By stepping in and setting the standards, IBIA believes it is reducing the risk of manipulation, as well as protecting the integrity of sport and betting markets.
Current Data Standards holders include Stats Perform, Sportradar and GRID but any new firms that wish to join now have access to the GLI network of locations for testing, as well as the firm’s expertise in regulation and compliance.
IBIA CEO Khalid Ali added: “GLI is a globally recognized leader in its field, and IBIA welcomes the company’s desire to gain accreditation as an auditing body for the Data Standards.
“It recognizes the importance of the Data Standards and to maintaining the integrity of the processes underpinning the creation of the sports betting market. We look forward to working with GLI, which becomes one of only two companies that are accredited to provide auditing services for the IBIA Data Standards.”