On Thursday, May 11, the International Governance and Risk Institute (“GovRisk”) and its main partner, Genius Sports, will host the 2nd Brazilian Sports Integrity Summit in Brasilia. This summit follows the meeting of representatives of the Ministry of Finance, the Special Secretariat for Sport, the Public Ministry and the Federal Police in Brasília, in October 2019.
At that summit, it was agreed that a Sports Integrity Association would be beneficial to the industry and ABRADIE was recently launched. Since that inaugural event, public scrutiny of sport and betting in Brazil has intensified, with match-fixing reaching endemic levels and Brazilian football triggering the most frequent integrity alerts of any sport in the world.
With sports betting regulation imminently anticipated by the Brazilian Ministry of Finance, the summit will debate the potential impacts of sports betting regulation in Brazil in terms of taxation, licensing requirements and ways to detect, prevent and investigate suspicious betting activities.
International experts from regulated markets such as the UK, Italy, USA and Australia will share their insights into the best practices gained from legalization and regulation in these mature markets.
The summit will explore the most advanced technical solutions available and discuss evolving regulatory models to identify and map current criminal trends, to help encourage collaboration between policy makers, regulators and the full range of sport actors to protect Brazilian sport. result manipulation.
Leading partner Genius Sports will demonstrate how advancements in big data tracking technologies, AI and expert intelligence systems allow suspicious bets to be quickly identified to help prevent, detect and investigate match, and support local and international enforcement efforts of law.
Dominic Le Moignan, Executive Director at GovRisk, said: “This summit is timely and hugely important, both following an increase in match-fixing attempts in some Brazilian football leagues and other major sports, along with ongoing efforts to regulate sports betting in Brazil”.
“The summit is a unique opportunity for Brazil to learn from the successes and mistakes of other previously regulated markets and design an ecosystem that supports sports teams and players against criminal activity and protects the integrity of Brazilian sport now and for generations to come.” , added Le Moignan.
Mark Locke, CEO of Genius Sports, said: “In legal sports betting markets, effective regulation provides for greater transparency, cooperation and information sharing – all vital pillars in protecting the integrity of sport. currently prevalent across Brazil, regulators have a unique opportunity to create a leading regulatory system that addresses this issue head-on.”
“We look forward to working alongside other key stakeholders and sharing our vast experience in sport integrity, data and regulation to protect and improve the future of Brazilian sport,” concluded Locke.
