The International Betting Integrity Association (IBIA) on Wednesday announced that it is launching its integrity monitoring service in the US and Canada for the first time. The launch is being endorsed by FanDuel and DraftKings, and the integrity body has already secured licenses in Arizona, Colorado, Indiana, Michigan, New Jersey, New York, and Wyoming, with others pending.
The North American market, considered by the European standards body as the fastest growing and most dynamic in the world, is expected to reach $96 billion in handle in 2022, and with wagers on this week’s Super Bowl projected to top $7 billion for the first time with almost a third through the US regulated sector as compared to 6% in 2019, according to H2 Gambling Capital. IBIA said its betting integrity monitoring system will play a major role in ensuring the integrity of the North American market.
With the support of FanDuel and DraftKings, IBIA is already protecting over 60% of the regulated US online market from betting corruption. The launch is the beginning of a process to secure a license in states that require operators to be part of a monitoring body and to engage with gambling regulators more generally across the US. The association has also applied to the Canadian province of Ontario, which similarly requires operators to be part of an integrity monitoring system, as the iGaming market is slated to launch on April 4 there.
Khalid Ali, CEO of IBIA, said: “IBIA is delighted to announce that we are touching down in the North American market. With the largest customer transaction-based betting integrity monitoring system in the world, we will play a crucial role in protecting and supporting the growth of the betting industry in the US and Canada.”
💡ICYMI we have touched down in the North American market by securing licenses in those US states that require operators to be part of a monitoring body. We are also looking at Canada as we have applied for a license to the Canadian province of Ontario.
We put together a recap👇 pic.twitter.com/UhwLYMRtLy
— International Betting Integrity Association (@IBIA_bet) February 10, 2022
Ali continued: “IBIA is run by sportsbooks for sportsbooks, and our mission is to provide the best and broadest protective coverage of the market. With the accelerated growth of regulation, existing IBIA members have encouraged the association to extend its global betting integrity coverage to North America, which we are delighted to do.”
IBIA’s monitoring and alert platform is an anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. It allows IBIA to protect its members and the betting market from corruption through collective action.
“Flutter Entertainment have a long successful working relationship with IBIA’s global integrity monitoring system via our existing agreements through international brands and are proud of the collective improvements in the space,” said John Sheeran, Director of Risk and Trading, FanDuel Group. “Expanding an excellent working relationship to include integrity monitoring of North American sports and wagering will add another element of trust and security to our sports betting product, which we know is of the utmost importance to our consumers.”
“Protecting the integrity of sport while creating an engaging product for sports fans is at the heart of everything we do,” said Roy Pollitt, DraftKings’ Vice President and Head of Regulatory Affairs. “We are impressed with the progress IBIA has made in promoting high standards for the betting industry and we warmly welcome their arrival to North America.”
Original article: https://www.yogonet.com/international/news/2022/02/10/61335-fanduel-and-draftkings-back-ibia-39s-entry-into-the-us-and-canada
