The International Betting Integrity Association (IBIA) has launched translations into Spanish and Portuguese of the Optimum Betting Market (ideal betting market) study. The report provides a unique view of regulatory best practice models for betting around the world and an analysis of the IBIA operator market and health data covering $137 billion in betting volume per year.
In addition to contributing to the existing betting market and integrity discussion in Spain and Portugal, translations have been published to help develop the betting policy in Spanish and Portuguese speaking Latin America.
Latin American betting market could move US$3.4 billion by 2025
To this end, the study assesses existing regulatory models in Colombia, Mexico and Argentina, and it is expected that this will help the development of betting regulation in other countries in the region, such as Brazil.
In addition, H2 Gambling Capital valued the Latin American gambling market at $1.3 billion in gross earnings in 2020 and forecasts a nearly threefold increase to $3.4 billion in 2025.
Khalid Ali, CEO of IBIA, said: “The growing Latin American sports betting market is an increasingly important focus for the business operations of IBIA members. Unfortunately, it is also the focus of criminals who seek to manipulate sporting events to defraud bookmakers.”
Ali stated: “In fact, between 2017 and the end of the third quarter of 2021, the IBIA alerted the competent authorities about 112 cases of suspicious betting in 15 Latin American countries and 4 different sports. It is hoped that this report will provide some assistance to Latin American policy makers, sports and betting operators in responding to the threat to the integrity of sport and in developing effective betting regulations.”
The IBIA CEO added: “Integrity has been a central part of the North American betting market discussion, with the recently published integrity standards by Ontario seen as a model of best practice. IBIA would like to see this focus and approach replicated across Latin America and beyond.”
IBIA report involved the involvement of several gambling associations
The study was conducted by leading global gaming data and intelligence company, H2 Gambling Capital, which was commissioned to evaluate various regulatory frameworks for gambling around the world. Gambling trade associations BGC, BOS, EGBA, Jdigital and NOGA were also involved as project partners.
The study, now available in English, Spanish and Portuguese, aims to:
- evaluate regulation in 20 jurisdictions;
- examine the impact of product restrictions;
- determine the cost of match-fixing for regulated operators;
- provide an ideal solution for the betting market in the form of ten regulatory pillars.
The report with additional animation graphics can be found here. IBIA publishes quarterly reports covering health alerts reported through its monitoring and alerting platform.