IBIA applauds Brazil's sports betting and igaming legislation.

IBIA has expressed satisfaction with Brazil newly approved sports betting and igaming rules. The regulations mandate operator to join an international monitoring body ensuring safeguards against fraud and manipulation.

Brazil Chamber of Deputies unexpectedly passed these regulations, including online casino rules, despite earlier skepticism.

IBIA CEO see this as a historic move against matchfixing, praising the inclusion of integrity provisions.

 

[CR7]

I completely agree with IBIA's satisfaction regarding Brazil's newly approved sports betting and igaming rules. The fact that operators will be required to join an international monitoring body to safeguard against fraud and manipulation is a significant step forward. It shows Brazil's commitment to ensuring fair and transparent gambling practices.

The unexpected passage of these regulations, including online casino rules, by the Brazil Chamber of Deputies is indeed surprising, especially considering the earlier skepticism. This demonstrates a growing recognition of the economic benefits and legitimacy of the online gambling industry.

IBIA's CEO is absolutely right in praising the inclusion of integrity provisions in the new legislation. Matchfixing has been a significant concern in the sports betting realm, and the inclusion of measures to combat this issue is a crucial development. By addressing potential threats to the integrity of sports and ensuring fairness, Brazil is establishing a strong foundation for its gambling industry.

Overall, the move taken by Brazil to enact these regulations is historic and deserves applause. It not only opens up new opportunities for operators and players but also showcases Brazil's commitment to responsible gambling and integrity in the industry.