IBIA Integrity Report for 2023 Shows Decline in Suspicious Alerts
LISTEN TO THIS ARTICLE:The International Betting Integrity Association (IBIA), the sports betting monitoring organization, has published its 2023 integrity report, which shows an overall decline in betting alerts on sporting events.
The detailed view of the results for the full year of 2023 saw the total number of suspicious sports betting alerts down to 184, which is a 35% drop from 285 when compared to the previous year.
The IBIA believes that the reduction in suspicious betting alerts is due to several factors. The main reason for the decrease is that the IBIA is getting better at identifying suspicious betting patterns related to sporting events. This success also has the effect of deterring rogue actors from future illegal activities. The number of sporting clubs, players, and officials that were sanctioned in 2023 due to collaborations involving the IBIA rose to 21, compared to 15 sanctions issued in 2022.
This is due to the integrity monitoring company’s having access to greater datasets in more regulated betting markets and now monitors major sports with a global betting turnover annually estimated at US$137 billion.
Sports Betting Operators Joining International Integrity Bodies
As more sports betting operators form partnerships with sports betting integrity organizations, it has helped investigations of sports events and made it easier to identify betting irregularities. Some jurisdictions, such as Brazil, have made it a mandatory requirement for regulated sports betting operators to partner with an integrity company.
The fall in last year’s global alert numbers is encouraging. It confirms that our world-leading monitoring and alert network is making a very important contribution to deterring criminals from seeking to defraud our members and that increased collaboration between IBIA, sports, and regulators is a winning combination. Despite this progress, we must remain vigilant and recognize that the greatest threat to sports integrity comes from unregulated operators, most notably in Asia.
The IBIA report highlighted the breakdown of betting alerts within different sports. The highest number of alerts in the year was 63 and related to football betting activities.
The sport of tennis achieved the second-highest number of suspicious alerts, with 54. This was a reduction from the previous year, and the IBIA boasts this can be attributed to the collaboration between the IBIA and the International Tennis Integrity Agency, who have worked together to try to eradicate match-fixing and corruption within the game.
More Regulation News
RELATED TOPICS: Regulation
Latest News
Casinos & Games
Thor Equities Announce New Coney Island Casino Plans to Win Local Support
May 17, 2024
Most Read
Thor Equities Announce New Coney Island Casino Plans to Win Local Support
May 17, 2024Must Read
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for IBIA Integrity Report for 2023 Shows Decline in Suspicious Alerts