Malta to Enhance Suspicious Betting Monitoring in 2021
The Suspicious Betting Reporting Mechanism (SBRM) has been launched by MGA to mobilize the sports betting industry to help the regulator combat match fixing.
MGA Releases SBRM Against Match-Fixing
The Malta Gaming Authority (MGA), one of Europe's leading remote gaming regulators, has released new, more rigorous guidelines that concentrate on suspected sports betting practices. According to the latest rules, operators suspecting such activities or detecting aberrant betting behaviour would have to alert the regulator immediately from 1 January 2021.
The decision involves thorough consultation with business figures and experts and is a clear extension of the dialogue and efforts to improve sport credibility. Match-fixing has become a major problem in Europe, affecting the European union's regulatory role in fighting illegal betting.
As of November 2020, the MGA will be providing its proprietor Suspicious Betting Reporting Mechanism (SBRM) approach to all B2C license holders. Thus, the regulator can start monitoring transactions and provide operators who are willing to help with the infrastructure to do so quickly and effectively.
The MGA will provide operators with a tutorial to clarify how B2C will introduce the system effectively without any problems. In 2019, the regulator worked on a related system known as the Sports Integrity Unit (SIU), the main aim of which was to safeguard sports honesty.
Regulators Build On Worthwhile Workplace Activity
Based on the support earned by SIU, today the MGA has been able to deliver a stronger structure. However, a likely problem that could arise from the sports betting monitoring so tightly remains how future disputes between operators and impacted customers will be handled.
SIU gave no specific answer other than to get the operators reassure the concerned parties that a matter is being handled. However, SBRM will also deliver alerts in real time, allowing operators to keep the consumers affected updated around the clock. Commenting on the gains achieved, iGamingBusiness quoted an MGA representative as saying this:
"As already reiterated throughout this consultation process the MGA’s SIU is adamant to continue increasing its collaboration efforts with both its licensees and other stakeholders interested in safeguarding the integrity of sports and sports betting."
Meanwhile the MGA would enable operators to provide comprehensive details on the terms and markets in which an alleged illegal bet was made. Operators will be expected to give details about the server and the moment the incident happened.
The regulator will also require players to include a list of other bodies that the alleged match-fixing has been alerted. After SIU was founded in August 2019, the SBRM is the next step in the battle against fraudulent betting operations.
Kindred Group joined the European Football Network (EFDN) to uproot match-fixing activities. FIFA has now developed a revolutionary software that helps diligent players to request match-fixing warnings without revealing personal details.
Although match-fixing was definitely a issue across Europe and the US, there was no small amount of initiative going to quench it. Earlier this year Sweden came up with more steps concerning football.
