Brazil and Sportradar Unite for Secure Sports Betting
Sportradar has entered into a Technical Cooperation Agreement (ACT) with the Brazilian Ministry of Finance, facilitated through the Secretariat of Prizes and Betting.
Sportradar will enhance the capabilities of the Brazil’s Secretariat of Prizes and Betting's technical team.
LISTEN TO THIS ARTICLE:The duo will join forces to prevent match-fixing and ensure the integrity of Brazil's newly regulated sports betting and online gaming market.
Through the ACT, Sportradar will enhance the capabilities of the Secretariat of Prizes and Betting's technical team, which is responsible for overseeing the national authorization, inspection, and enforcement of online gaming and sports betting operators.
The partnership with Sportradar will be an important tool to combat a major threat to the fixed-odds betting market, which is the risk of manipulation of sports results.
Deal to Boost Regulatory Capacity
The partnership will leverage Sportradar's Integrity Services to identify and report suspicious market activities, providing the Secretariat with actionable intelligence and strategic recommendations.
Furthermore, Sportradar will join the ongoing educational programs for Secretariat staff as a facilitator and deliver targeted training on match-fixing threats, ensuring staff are equipped with expertise to combat this issue.
We appreciate the trust shown by the Brazilian Ministry of Finance in the expertise of Sportradar's Integrity Services division," Marchetti added. "This ACT reflects a mutual commitment to establish a sustainable, regulated sports betting industry in Brazil that is built upon a foundation of integrity.
More Business News
CPI Investigation Delayed
Earlier this week, the Brazilian Senate put the brakes on the Commission of Inquiry (CPI) investigations into the country's betting laws and standards due to unresolved decisions on which senators will comprise the inquiry team.
Under the Bets framework scheduled to debut in 2025, the CPI will scrutinize Brazil's fixed odds and online gambling market. As part of its evaluation, the CPI on Bets will investigate the financial ramifications of online gambling, including its influence on household income, expenditure, and savings.
RELATED TOPICS: Business
Latest News
Most Read
Must Read
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Brazil and Sportradar Unite for Secure Sports Betting