Yolo Group Joins International Betting Integrity Association Ahead of Launch in Brazil
Yolo Group, a company with offices across Estonia, Malta, Brazil, Australia, and Guernsey, has announced its membership in the International Betting Integrity Association (IBIA) as it prepares to launch in Brazil. The decision comes as Brazil gets ready to introduce regulated sports betting, which requires licensed operators to engage with an integrity monitoring body such as the IBIA.
The move to join the IBIA is in line with Brazil’s sports betting requirements, and many new operators have followed suit in becoming members of the international organization. With this development, Yolo Group joins a list of about 50 companies and over 125 leading sports betting brands that are already part of the IBIA.
According to data from H2 Gambling Capital, IBIA member operators account for over 60% of the online gambling activity in Brazil, putting the association in a strong position to safeguard the integrity of Brazil’s wagering market.
Yolo Group’s CEO, Matthew D’Emanuele, emphasized the company’s commitment to betting integrity, stating that joining the IBIA is a significant milestone for the group. He highlighted the importance of protecting sporting events from fraud and expressed the group’s dedication to working closely with the IBIA to ensure a fair environment for sports betting.
In response to Yolo Group’s membership, IBIA Chief Executive, Khalid Ali, welcomed the company and commended its decision to align itself with the highest integrity standards. He expressed the association’s eagerness to collaborate with Yolo Group to protect its sports betting product from corrupt betting activity, both globally and in specific markets such as Brazil.
Additionally, IBIA recently published its 2023 report, revealing that it had filed a total of 184 alerts, uncovering 74 corrupted matches. These figures demonstrate the effectiveness of the association’s methods in deterring fraudulent activity, as they are significantly lower than the numbers recorded in previous years. This indicates the effectiveness of the IBIA’s efforts in combating fraud in sports betting.