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Sports betting operator Galera.bet has joined the International Betting Integrity Association (IBIA). The platform, a sports betting 4️⃣ brand of Match Time Solutions, is primarily focused on Brazil and this decision “fulfills its regulatory obligation" under the recently 4️⃣ published Provisional Measure to join an international body for monitoring sports integrity.
Galera.bet is an official sponsor of the Campeonato Brasileiro 4️⃣ Série A, the Brazilian Basketball Confederation and Brazilian 3×3 Basketball Tour. Through its latest move, the operator joins "nearly 50 4️⃣ companies and over 125 leading sports betting brands in IBIA."
IBIA announced its expansion into Brazil earlier this year ahead, of 4️⃣ the expected regulation of the market. The Brazilian government's subsequent Provisional Measure, published on July 25, includes a requirement for 4️⃣ licensed operators to be part of an international body for monitoring sports integrity.
According to independent gambling market data provider H2 4️⃣ Gambling Capital, IBIA members are estimated to already account for over 60% of the Brazilian remote gambling market. The association 4️⃣ says that its "leading market position" will enable it to provide "a highly accurate analysis and effective deterrent against betting-related 4️⃣ fraud," supporting a crackdown on match-fixing in Brazil.
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