Argentina: IBIA to monitor Buenos Aires’ sports betting market

Argentina: IBIA to monitor Buenos Aires’ sports betting market

Article brief provided by SBC News
  • Jessie Sale, SBC News
September 12, 2023 8:30 PM
  • Jessie Sale, SBC News

The Lotería de la Ciudad – the regulatory body of Buenos Aires – and the International Betting Integrity Association (IBIA) have signed a memorandum of understanding.

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The new agreement will aid the development of a regulated, transparent, safe and responsible sports betting market, and aim to discourage all types of unfair or fraudulent practices and the manipulation of sports competitions in the Argentina capital.

Khalid Ali, IBIA CEO, commented: “IBIA is delighted to have reached an agreement with the Lotería de la Ciudad to work collaboratively to protect sports, consumers, and the regulated betting market from match-fixing.”

In detail the deal establishes collaboration guidelines for the exchange of technical knowledge and information related to the integrity of sports and betting.