Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Latest News

42 suspicious betting alerts reported by IBIA in Q3 2024

Published

on

Reading Time: 2 minutes

The International Betting Integrity Association (IBIA) reported 42 alerts of suspicious betting to the relevant authorities in the third quarter (Q3) of 2024. The Q3 2024 total is 54% less than the revised figure of 91 alerts in Q2 2024, and 16% less when compared to the Q3 2023 total of 50 alerts. IBIA and its growing membership monitor over $300bn per annum in sports betting turnover (handle) across more than 125 sports betting brands globally.

The 42 incidents of suspicious betting in Q3 concerned five sports, across 18 countries and 5 continents. Other key data for Q3 2024 includes:

  • Football and tennis had the most alerts in Q3 with 14 each, totaling 67% of all alerts.
  • Sporting events in Europe, with 14 alerts, made up 33% of the total reported; that was a decrease of 6 alerts on European events compared to the revised Q2 2024 of 20 alerts.
  • 5 alerts on sporting events in Burundi made up 12% of all alerts in Q3 2024; there have been six alerts on sporting events in Burundi so far during 2024, the first alerts since 2020.
  • 12 esports alerts reported represent a 75% decrease on the 48 reported in Q2 2024.

Khalid Ali, CEO of IBIA, said: “The third quarter saw football and tennis register the highest number of alerts, albeit those numbers are in line with those seen in recent years and, in the case of tennis, represent a significant decrease compared to its peak. It should also be noted that esports alerts fell back to more normal levels in Q3, following an increase during Q1 and Q2 that was primarily the result of a linked case. We continue to work closely with the integrity authorities for those sports, and indeed all sports, where we see suspicious betting, with the aim of detecting and sanctioning corrupt activity to protect sporting events and betting markets.”

The Q3 integrity report includes a focus on the main football betting markets and data from the Availability of Sports Betting Products report released earlier this year. That calculated that the main football markets are forecast to generate over $500bn of turnover globally in 2024, leading to total gross win of $46.3bn. Consumers expect access to these core betting markets and any regulatory restriction of these products will inevitably impact onshore channelisation.

IBIA is a not-for-profit integrity monitoring body that has no competing conflicts with the delivery of commercial services to other sectors and has a core aim to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Hello there! I'm a 21-year-old university student majoring in Finnish and Korean Language and Literature. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve our precious environment.

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.