International Betting Integrity Association launches Payment Provider Forum in Brazil
The International Betting Integrity Association has launched a Payment Provider Forum in Brazil to defend against financial fraud linked to competition fixing.
The Association has signed up payment providers Bazk, Z.ro Bank, Onekey Payments, OKTO, VPag, and Pay4Fun.
Each provider has signed a declaration of commitment and participation to build a more secure and transparent online gaming market in Brazil.
This includes providers promoting fair and more effective regulations, responsible gambling, improving payment options, and maintaining high standards of ethical conduct.
Forum members will have access to International Betting Integrity Association’s global integrity monitoring and data intelligence network, which will help them better understand international sports betting trends and issues.
Khalid Ali, Chief Executive Officer of the International Betting Integrity Association, said, “Cooperation between financial services, regulatory authorities, and betting operators is essential to address the challenges from financial fraud and to maximize the potential of the sector in Brazil. IBIA is, therefore, delighted that these major payment institutions have agreed to explore collaborative activities to protect the market. Working together, we can create a sustainable and thriving sports betting market in Brazil that benefits all stakeholders. Cross-sector partnership working is a central pillar of IBIA’s global activity, and the association will be assessing the potential benefits of replicating this group in a wider international setting.”
Brazil launched its online gaming market on 1 January.
Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
