Listen To Article
The KTO Group-owned sports betting company KTO has joined the International Betting Integrity Association (IBIA).
This move meets Brazil’s regulatory requirement to join an international organisation for policing sports integrity under the recently announced Provisional Measure.
Jeff Tabone, MD of KTO, said: “We are thrilled to become members of the IBIA. We view this as a step that reinforces our dedication to upholding the highest standards of integrity in sports betting.”
Khalid Ali, IBIA CEO, said: “KTO is the latest operator to make IBIA its preferred integrity partner for Brazil and its wider global operations. It further expands IBIA’s position in the LatAm region, and Brazil in particular, where our members are already estimated to account for over 60% of the remote gambling market.”
The IBIA announced its entry into Brazil earlier this year before the market was set to be regulated. The following Provisional Measure, released by the Brazilian government on 25 July, states that authorised operators must be a part of an international organisation that oversees sports integrity.
Meanwhile, ENV Media and operator KTO Group entered a joint venture arrangement this April to increase its online presence.
