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Sports betting operator Galera.bet has joined the International Betting Integrity Association (IBIA). The platform, a sports betting 🌜 brand of Match Time Solutions, is primarily focused on Brazil and this decision “fulfills its regulatory obligation" under the recently 🌜 published Provisional Measure to join an international body for monitoring sports integrity.
Galera.bet is an official sponsor of the Campeonato Brasileiro 🌜 Série A, the Brazilian Basketball Confederation and Brazilian 3×3 Basketball Tour. Through its latest move, the operator joins "nearly 50 🌜 companies and over 125 leading sports betting brands in IBIA."
IBIA announced its expansion into Brazil earlier this year ahead, of 🌜 the expected regulation of the market. The Brazilian government's subsequent Provisional Measure, published on July 25, includes a requirement for 🌜 licensed operators to be part of an international body for monitoring sports integrity.
According to independent gambling market data provider H2 🌜 Gambling Capital, IBIA members are estimated to already account for over 60% of the Brazilian remote gambling market. The association 🌜 says that its "leading market position" will enable it to provide "a highly accurate analysis and effective deterrent against betting-related 🌜 fraud," supporting a crackdown on match-fixing in Brazil.
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