IBIA launches Next Bet initiative on sports betting integrity
Regulation1 min read
The International Betting Integrity Association (IBIA) has launched Next Bet, an initiative examining technologies and developments affecting regulated sports betting and integrity. Its first edition considers digital assets, blockchain and payment solutions, with contributions from the Malta Gaming Authority, Betsson Group and Pay4Fun.
The International Betting Integrity Association (IBIA) has launched Next Bet, an initiative examining developments that could affect regulated sports betting and integrity. Its first edition covers digital assets, blockchain and payment solutions.
The Malta Gaming Authority shares lessons from its experience regulating digital assets. Betsson Group considers changing consumer payment preferences and the possible role of stablecoins, alongside how regulation, compliance, fraud controls and responsible gambling could affect adoption. Pay4Fun considers transaction monitoring as one way for payment providers to reinforce market integrity.
Next Bet sits within IBIA’s Mission 2030, a strategy addressing regulatory, technological and market shifts that could shape sports betting integrity. Mission 2030 has three priorities: detection and monitoring, collaboration, and prevention.
Pay4Fun chief executive and co-founder Leonardo Baptista said compliance controls, fraud prevention and anti-money laundering work help payment providers support market integrity. Baptista said digital assets could become part of future financial infrastructure if their development was accompanied by regulation providing security, transparency and trust.