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Betting operators call for global sports data standards

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shaking-hands-3205463_1280 Betting operators call for global sports data standards
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The International Betting Integrity Association (IBIA) has called on all parties engaged in the supply chain of sports event data for betting to adhere to global best practice standards. IBIA believes that this is the most effective means of achieving an approach which best serves to protect the integrity of sport, its data, betting markets generated by that data, and consumers enjoying those products.

Khalid Ali, CEO of IBIA, said: “Upholding the reliability and credibility of sporting event data is of paramount importance for my members and the challenges posed by the pandemic have further highlighted the necessity for robust data chains. There is a clear benefit for everyone involved in the data supply chain in ensuring that such data is a product of high levels of accuracy and transparency.

He further commented: “IBIA and its members have been considering this issue internally for some time and would like to go a step further and have a proper industry-wide debate. To that end, IBIA is asking all stakeholders, notably data providers, to proactively engage with the association and its members to develop and implement agreed best practice standards around the sale, collation, and distribution of sports data for betting.”

The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. It is run by operators for operators, protecting its members from corruption through collective action. Its monitoring and the alert platform is a highly effective anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. The association has longstanding information-sharing partnerships with leading sports and gambling regulators to utilize its data and prosecute corruption. It represents the sector at high-level policy discussion forums such as the IOC, UN, Council of Europe, and European Commission.

The association publishes quarterly reports covering the integrity alerts reported through its monitoring and alert platform which can be viewed here. IBIA can be contacted at info@ibia.bet.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Betting operators call for global sports data standards

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing

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4-29 FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing
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FANDOM SPORTS Media has retained Segev LLP as lead counsel for all endeavours pertaining to global iGaming licensing. The Company will be undertaking a strategic review to prioritise jurisdictions that will enable the firm to expand its regulatory footprint efficiently and at scale.

Segev LLP employs a strong iGaming team with corporate, commercial, IP commercialisation, M&A, private equity finance, public markets finance, privacy and data, and regulatory and compliance experience.

In advance of the iGaming initiative, the Company has also secured a domain and brand identity surrounding the betting platform. www.gamersatodds.com unifies the business plan and opportunity that the Company will be executing upon.

“We are pleased to take definitive steps towards accelerating our dual initiatives of the all ages Esports engagement platform and the pure play regulated Esports betting platform. Regulated Esports betting is now a mainstream business opportunity and there is an implied quantifiable value for these types of businesses. We look forward to accelerating our licensing initiatives and building a true global Esports betting brand that is fully regulatory and compliant,” David Vinokurov, CEO and President of Fandom Sports, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing

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MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements

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8-1-2 MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements
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The Malta Gaming Authority (MGA) has published a consultation paper on suspicious betting reporting requirements and other sports integrity measures.

In August 2019, the Malta Gaming Authority announced the establishment of a Sports Integrity Unit. It is the Authority’s intention to implement a set of Suspicious Betting Reporting Requirements, which will oblige B2C licensees offering betting on sporting events to inform the Authority of any instance of suspicious betting.

Prior to bringing into force these requirements, the Authority is reaching out to stakeholders for feedback on the proposed mechanisms for due consideration. In consolidating perspectives of interested parties through public consultation, the Authority is better placed to implement effective and efficient regulatory processes around suspicious betting in the sports betting sector.

In addition, the Authority is also interested in initiating a dialogue with B2B licensees to consider what their contribution towards sports integrity can look like in terms of detection and exchange of information with either B2C licensees, or the Authority itself.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGA Publishes Consultation Paper on Suspicious Betting Reporting Requirements

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Digital Chain Chief Executive Iryna Kurochinka to Step Down

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2-22 Digital Chain Chief Executive Iryna Kurochinka to Step Down
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Iryna Kurochinka, founder and chief executive of Digital Chain, is to step down from her role later this year.

Kurochinka will leave the business on July 1, in order to pursue other projects. Until a replacement CEO is hired, the company’s board of shareholders will take charge of the agency’s strategic and operational management.

“I have put all of myself into this project and I am incredibly proud of the result that the team and I have achieved. Digital Chain today is a chain of knowledge, inspiration, and support, the most powerful comprehensive expertise, experience in both local and global markets,” Kurochinka said.

“The agency has successfully overcome the turning point of all startups, the first three-year period, and is ready to confidently move on. Plans for the future are outlined, and a new leader’s fresh approach will help to find new and effective ways to achieve them,” she added.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Digital Chain Chief Executive Iryna Kurochinka to Step Down

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