IBIA Reports Sharp Rise in Suspicious Wagering Signals in First Quarter of 2024

An examination by the Global Betting Integrity Association (IBIA) has shown a sharp rise in the number of questionable wagering signals in the initial three months, with a 64.7% increase.

The IBIA received fifty-six dubious wagering signals in the first quarter, a 64.7% jump compared to the final quarter of 2023.

The IBIA’s first-quarter statistics were also 12.0% greater than the revised fifty signals compared to the same period last year. These signals originated from six athletic disciplines across twenty-one nations and five continents.

The IBIA pinpoints potential athletic corruption by tracking suspicious wagering activity. With over fifty companies and 125 wagering brands as members, the IBIA is the largest integrity monitoring organization of its type worldwide.

Khalid Ali, the IBIA’s chief executive, believes the rise in signals is another sign of the ongoing problem of match-fixing.

Ali stated: “The increase in the number of signals reported in the initial three months emphasizes the ongoing challenges our members, athletic organizations, and regulatory bodies face in relation to corrupt activity. IBIA signals are backed by detailed global customer account data, which is only accessible to the IBIA and its expanding membership, further broadening our global market-leading coverage.

“This account data provides critical evidence information that is essential for advancing investigations and implementing penalties.”

The International Betting Integrity Association (IBIA) is dedicated to collaborating closely with its partners and providing essential data.

**Soccer and Asia IBIA Warnings on the Rise**

The IBIA observed in its initial report that the number of warnings for soccer and tennis is rising at an alarming rate. Combined, these two sports received 38 notifications, representing 67.9% of the total for the first three months.

Soccer had the most warnings, with 24, a 50% increase from the 16 in the preceding quarter. This figure is also 60% higher than the 15 in the same period last year.

While Europe had the most warnings in 2023, Asia issued the most notifications in the first three months of 2024, with 23. This accounted for 41.1% of the total for the quarter. Meanwhile, Europe only had 4 warnings, a 76.5% decrease from the 17 notifications the continent had in the first three months of 2023.

North America and South America tied for second in terms of the number of notifications, with both continents issuing 10 warnings in the first quarter. The two continents each accounted for 17.9% of the total.

Turkey leads in terms of the number of warnings, with 8 in total, 5 of which came from soccer, while tennis and basketball triggered 2 and 1 notifications respectively. The IBIA only received one warning from Turkey throughout the whole of 2023.

**Alert Increase Follows 2023 Decrease**

The increase in warnings in the first quarter follows a 35% year-on-year decline in potential match-fixing warnings in 2023.

The IBIA received 184 warnings last year, considerably lower than the revised 285 warnings in 2022.

During the initial three months of 2024, the sports of football and tennis were the most impacted. They resulted in 63 and 54 warnings respectively.

The International Betting Integrity Association’s (IBIA) work in 2023 revealed that 74 games were manipulated, while 21 penalties were enforced.

Ontario has the potential to be a shining example of regulation.

As part of its first-quarter report, the IBIA also emphasized Ontario’s potential as a robust regulatory market, following the publication of a report earlier this year titled “IBIA Research, Sports Betting Product Availability: Economic and Integrity Analysis.”

Ontario launched its online sports betting licensing system in April 2022, and the IBIA estimates that the region could achieve a 92% regulation rate in 2024 and a 97% onshore regulation rate by 2028.

The IBIA forecasts that Ontario’s total onshore gross earnings will surpass $506 million (GBP 404.8 million/EUR 472 million), while offshore gross earnings will be only $42 million. Consequently, the tax loss from 2024 to 2028 would be just $33 million.

Meanwhile, Canada (excluding Ontario) has an estimated onshore regulation rate of only 11%, with offshore gross earnings of $355 million and onshore gross earnings of $45 million. As a result, Canada (excluding Ontario) could lose up to $395 million in tax revenue from 2024 to 2028 if the current monopolistic regulatory system remains unchanged.

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By admin

This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.

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