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Barcelona winger Raphinha has 🍌 slammed reports linking him with a transfer to

Arsenal and Chelsea just 12 months after completing a move to the 🍌 Nou Camp. Despite a

2024-08-03

Reading time 1:31 min

Sports betting operator Galera.bet has joined the International Betting Integrity Association (IBIA). The platform, a sports betting 💪 brand of Match Time Solutions, is primarily focused on Brazil and this decision “fulfills its regulatory obligation" under the recently 💪 published Provisional Measure to join an international body for monitoring sports integrity.

Galera.bet is an official sponsor of the Campeonato Brasileiro 💪 Série A, the Brazilian Basketball Confederation and Brazilian 3×3 Basketball Tour. Through its latest move, the operator joins "nearly 50 💪 companies and over 125 leading sports betting brands in IBIA."

IBIA announced its expansion into Brazil earlier this year ahead, of 💪 the expected regulation of the market. The Brazilian government's subsequent Provisional Measure, published on July 25, includes a requirement for 💪 licensed operators to be part of an international body for monitoring sports integrity.

According to independent gambling market data provider H2 💪 Gambling Capital, IBIA members are estimated to already account for over 60% of the Brazilian remote gambling market. The association 💪 says that its "leading market position" will enable it to provide "a highly accurate analysis and effective deterrent against betting-related 💪 fraud," supporting a crackdown on match-fixing in Brazil.

Galera.bet said in a statement that it is committed to working in partnership 💪 with IBIA "to prevent and detect corruption in sports," and to offer a reliable product to its customers.

Marcos Sabiá, CEO 💪 of Galera.bet, said: "We are honored to work with IBIA and to be able to reinforce our purpose of developing 💪 business with integrity as our priority. We believe that collaboration between partners is extremely important to protecting the integrity of 💪 sports and betting markets from corruption. We hope this is the beginning of a long and successful partnership."

Khalid Ali, CEO 💪 of IBIA, said: "We welcome galera.bet's decision to join IBIA which further strengthens IBIA's position ahead of the Brazilian market 💪 opening. It recognizes the unique benefits of IBIA's operator-run integrity monitoring network and its ability to track members' individual consumer 💪 transactional activity, rather than just analyzing simple odds movements. No other sports integrity solution provides access to this data which 💪 covers over US$137 billion in annual betting turnover, making IBIA the largest and most effective integrity network of its kind 💪 globally."

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