The Canadian Gaming Association (CGA) has signed a Memorandum of Understanding (MoU) with the International Betting Integrity Association (IBIA) to protect Ontario and the broader Canadian market, sports, consumers and gaming operators. regulated betting corrupt activities.
The CGA has explained that this agreement seeks to provide a framework for cooperation and coordination between the IBIA and the CGA on gambling and related integrity issues.
In this regard, the CGA highlights in a press release that IBIA is the leading global voice on integrity for the licensed betting industry and represents many of the world's largest regulated sports betting operators, with its monitoring system for account-based integrity covering more than US$137 billion in gambling transactions per year worldwide.
In addition, IBIA has recently been accredited by the Ontario Alcohol and Gaming Commission (AGCO) as an independent integrity monitor; all operators licensed in Ontario will be required to be part of a monitoring system.
Many existing IBIA operators are also members of the CGA, and the two trade associations have agreed to explore and establish cooperative projects and partnership working in areas of mutual interest.
We must emphasize that the CGA and the IBIA will be equal partners in those projects, which may involve a wide range of activities, including promoting the commercial and related integrity interests of the two associations' betting operator members, and establishing a viable regulated betting market with high consumer channeling rates and related consumer, sports, and operator integrity protection measures.
Regarding the signed agreement, Khalid Ali, CEO of IBIA, said: “The CGA has been a driving force behind the evolution of regulated betting in Canada and IBIA views it as a valued and critical partner in the continued development of the sector and in placing sporting and betting integrity at the forefront of that”.
On the other hand, Paul Burns, president and CEO of the Canadian Gaming Association, assures that “As the CGA looks ahead to the opening of Ontario's iGaming market and the expansion of sports betting products and services across Canada in 2022, the protection of athletes and integrity of sports betting is a key priority”.
In addition, recent changes to the Federal Criminal Code to permit single-event sports wagering has introduced new sports betting offerings to Canadians while bringing enhanced regulatory oversight to sports betting in Canada.
When working together through an integrity monitor like IBIA, the industry can:
• Detect and report suspicious activities in betting markets.
• Use detailed market data to investigate and punish corruption.
• Develop education activities to protect players and sporting events.
• Support sports bodies, law enforcement and regulatory authorities in the fight against fraud and manipulation.
• Channel consumers to the onshore regulated market.
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