Founded in 2018, KTO currently operates in both Brazil and Peru, with plans to also launch in Chile.
As part of new regulatory measures in Brazil, KTO is required to join an international body for monitoring sports integrity. Its membership of IBIA satisfies this demand and puts the brand in line with new Brazilian betting laws.
KTO joins nearly 50 businesses and over 125 sports betting brands in the IBIA network.
“We view this as a step that reinforces our dedication to upholding the highest standards of integrity in sports betting,” KTO managing director Jeff Tabone said. “Trust has always been a cornerstone of the KTO Brand. Joining IBIA signifies our commitment to a safe and transparent environment for our customers and the wider industry.”
IBIA chief executive Khalid Ali added: “KTO is the latest operator to make IBIA its preferred integrity partner for Brazil and its wider global operations. It further expands IBIA’s position in the LatAm region, and Brazil in particular.
“The association looks forward to working closely with KTO and welcomes the operator’s commitment to protecting its sports betting operations.”
Brazil regulates sports betting
The requirement forms part of new rules set out after Brazil last month moved to regulate sports betting. President Luiz Inácio Lula da Silva signed the Provisional Measure (PM), bringing into force the 2018 law.
One obligation under the PM was to join an international body for monitoring sports integrity. Galera.bet last week also joined IBIA to satisfy this measure.
IBIA also announced its expansion into Brazil earlier this year ahead of the PM passing. It is working with the Brazilian Institute of Responsible Gaming (IBJR).
Original article: https://igamingbusiness.com/social-responsibility/sports-integrity/ibia-brazilian-network-kto/
