Spanish gambling operators join initiative to combat sports betting fraud

In order to improve the integrity of sports betting, the Directorate General of Gambling Regulation in Spain has required all gaming operators holding horse racing or sports betting licenses to join the Global Betting Market Research Service (SIGMA). This initiative, effective June 28, 2024, aims to prevent and combat fraud and manipulation in the sports betting industry.

SIGMA's mission is to protect the sport by eliminating fraudulent practices that threaten fair play and equality. To date, the organization has received the support of a number of key sporting bodies, including the Supreme 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 Guardia Civil and Erzainza are also involved.

According to the new regulation, gaming operators must immediately report any unusual or suspicious bets to SIGMA. This includes any activity that may indicate fraudulent behavior. Operators are also required to provide any additional information necessary to thoroughly investigate these warnings. This ruling is an important step in the efforts of the General Directorate of Gambling Regulation to strengthen the fight against corruption in sports.

By integrating licensed operators into SIGMA, the Directorate aims to create a more transparent and secure betting environment. The new measures aim to protect both operators and players from the negative consequences of fraudulent activities, ensuring fairness and fairness in sports competitions.

In other news related to social responsibility in the gaming industry, the Flutter Foundation, a non-profit organization supported by Flutter Entertainment, recently launched its operations in Spain. The organization's goal is to promote inclusion and well-being in disadvantaged communities. This initiative highlights the growing trend towards responsible business practices in the gaming industry and the emphasis on social responsibility.

Thus, Spain's efforts to combat sports betting fraud and support for social initiatives such as the Flutter Foundation reflect a desire to create a safe and fair environment for both players and operators in the gambling industry.