Brigid Simmonds, Chairman of the BGC, commented: “We are pleased to announce this new partnership, which will help us champion the betting industry internationally. The IBIA is playing a decisive part in ensuring that sports betting markets are duly regulated, and sports integrity is at the core of its action.
“The BGC will wholeheartedly join this effort and bring its experience and expertise in promoting world class standards in new and emerging sports betting markets,” Simmonds added.
Khalid Ali, CEO of IBIA, said: “Both of our associations are active internationally andin many of the same markets, share many of the same members and have many of the same regulatory goals. We’ve already been collaborating in markets such as Brazil and it was a natural progression to a more formal and structured relationship.”
“The scope of our combined membership gives us a powerful mandate to speak on behalf of a large part of the regulated sector and policymakers welcome that level of focused industry engagement,” Ali concluded.
Last month, the IBIA published its report of suspicious betting alerts from the first quarter of 2021. The association reported 64 suspicious betting events to authorities, with tennis and esports leading the way in numbers of alerts.
Source: GMB
