As the province approaches a more comprehensive and competitive market launch, ensuring the integrity of the sector is crucial.Ontario sports betting is more and more of a talking point.
This week, Bragg Gaming Group became the latest online gaming supplier to receive a license from the Alcohol and Gaming Commission of Ontario, increasing the total number of licensed suppliers to seven.Last week 888 was the sixth approved This license, granted by the Alcohol and Gaming Commission of Ontario, allows for the provision of sports betting services within the province.
Bragg operates not only in Europe but also has a significant presence in North America and Latin America. They will offer their player account management platform, iGaming content, and managed services to local sports betting and iGaming operators.
When it goeslive on April 4 Reports indicate that Ontario is set to be one of the largest markets in North America, likely featuring at least 30 licensed iGaming operators once everything is finalized.
In light of this, the Canadian Gaming Association (CGA) has recently entered into a Memorandum of Understanding (MoU) with the International Betting Integrity Association (IBIA).
What The Agreement Means
The purpose of this memorandum is to establish a cooperative framework between both organizations to address issues related to sports betting and integrity matters. It aims to safeguard sports, consumers, and licensed betting operators from any illicit activities.Ontario online casinos Paul Burns, the president and CEO of the Canadian Gaming Association, commented in a recent news release, \"IBIA will be one of the very few recognized sports integrity monitors by the Alcohol and Gaming Commission of Ontario for licensed operators, and we see immense value in strengthening our partnership with this organization.\"
"As the CGA prepares for the launch of Ontario's iGaming market and the growth of sports betting offerings throughout Canada in 2022, ensuring the safety of athletes and the integrity of sports betting remains of utmost importance.\"
IBIA encompasses many of the world's leading regulated sports betting operators, and its integrity monitoring system accounts for over $137 billion in annual betting transactions worldwide. The AGCO has recently recognized IBIA as an independent integrity monitor, and all licensed operators in Ontario must participate in this monitoring system.
‘Prioritizing Betting Integrity’
"We aim to engage with a diverse array of critical stakeholders concerning betting and integrity issues, viewing the CGA as an essential partner in achieving this objective,\" said Khalid Ali, CEO of IBIA, in the release. \"The CGA has been instrumental in shaping regulated betting in Canada, and IBIA values it as a key ally in furthering the industry's development and ensuring the integrity of sports and betting is emphasized. \"
IBIA's monitoring capabilities include identifying and reporting suspicious betting activities, utilizing comprehensive market analytics to investigate and address corruption, creating educational initiatives for players, directing consumers towards the regulated market, and assisting sports organizations, law enforcement, and regulatory bodies in combating fraud and manipulation.
The IBIA and CGA are set to explore collaborative initiatives and partnerships in shared areas of interest as they move forward.
An online casino game in Ontario offers excitement with its 'Huff, Puff and More Stuff' theme.
Fromdeereplanet.com
