Spain Enforces New Measures to Fight Sports Betting Fraud

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In a significant move to bolster the integrity of sports betting, the General Directorate for the Regulation of Gambling in Spain has mandated that all licensed gaming operators involved in horseracing or sports betting must join the Global Betting Market Investigation Service (SIGMA). Effective from 28 June 2024, this new requirement is designed to prevent and combat fraud and manipulation within the sports betting industry.

Initiative to Safeguard Sports Integrity

The primary mission of SIGMA is to protect the sanctity of sports by eliminating fraudulent practices that undermine fair play and equity. This initiative has received backing from several key organizations, including the Higher Sports Council, the Royal Spanish Football Federation, the Professional Football League, the Royal Spanish Tennis Federation, and the Association of Spanish Footballers. Law enforcement agencies such as the National Police, the Civil Guard, and the Ertzaintza are actively participating in this effort.

According to the new directive, gaming operators must promptly report any irregular or suspicious betting activities to SIGMA. This encompasses any actions that may suggest fraudulent behavior. Furthermore, operators must supply any additional information necessary to investigate these alerts thoroughly. This resolution marks a proactive step by the General Directorate for the Regulation of Gambling to strengthen the fight against corruption in sports.

Enhanced Transparency and Security in Betting

The Directorate aims to foster a more transparent and secure betting environment by integrating licensed operators into SIGMA. This integration is expected to significantly enhance the ability to detect and address fraudulent activities, thereby promoting a fair and equitable sports betting landscape.

In related news, the Flutter Foundation, a non-profit organization supported by Flutter Entertainment, has recently expanded its operations to Spain. The Foundation’s mission is to promote inclusion and well-being in the lives of disadvantaged communities, further underscoring the industry’s commitment to social responsibility and ethical practices.

Source:

Spanish gambling operators join initiative to combat sports betting fraud, gamblinginsider.com, July 1, 2024.

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