In a move to strengthen the integrity of sports betting, the General Directorate for the Regulation of Gambling in Spain has required all licensed gaming operators involved in horseracing or sports betting to join the Global Betting Market Investigation Service (SIGMA) starting from June 28, 2024. This new mandate is aimed at preventing and combating fraud and manipulation within the sports betting industry.
The primary goal of SIGMA is to protect the integrity of sports by eliminating fraudulent practices that undermine fair play and equity. This initiative has garnered support from various key organizations such as the Higher Sports Council, the Royal Spanish Football Federation, the Professional Football League, the Royal Spanish Tennis Federation, and the Association of Spanish Footballers. Additionally, law enforcement agencies like the National Police, the Civil Guard, and the Ertzaintza are actively involved in this collective effort.
Under the new directive, gaming operators are required to report any irregular or suspicious betting activities to SIGMA promptly. This includes any actions that may indicate fraudulent behavior. Furthermore, operators must provide any necessary information to facilitate a thorough investigation of these alerts. This resolution reflects a proactive approach by the General Directorate for the Regulation of Gambling to enhance the fight against corruption in sports.
By integrating licensed operators into SIGMA, the Directorate aims to create a more transparent and secure betting environment. This integration is expected to significantly improve the detection and mitigation of fraudulent activities, ultimately fostering a fair and equitable sports betting landscape.
In other news, the Flutter Foundation, a non-profit organization supported by Flutter Entertainment, has expanded its operations to Spain. The Foundation’s mission is to promote inclusion and well-being in disadvantaged communities, highlighting the industry’s dedication to social responsibility and ethical practices.
Overall, the initiative to combat sports betting fraud in Spain is a proactive step towards ensuring the integrity of sports and promoting a fair playing field for all involved. With the support of key organizations and law enforcement agencies, this collective effort is poised to make a significant impact in safeguarding the sanctity of sports betting.
