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Suppliers added in MGA update to suspicious betting reporting rules

Malta’s Gaming Authority (MGA) has updated its suspicious betting rules as it looks to address the threats posed by match-fixing and malicious wagers.

MGARulesUpdate

The revised measures include key amendments to the regulator’s ‘suspicious betting reporting requirements’ and ‘suspicious betting alerting process’, with suppliers being affected the most by the MGA’s updated rules.

From 1 October 2021, the suspicious betting reporting requirements apply to suppliers as well as operators.

In a statement, the organisation said: “The Authority has revised the suspicious betting reporting requirements and commencing from 1 October 2021, the requirements now include licensees that offer a critical gaming supply relating to betting on sports events.

“This means that now, both licensees that offer a gaming service and/or a critical gaming supply relating to betting on sports events must notify the Authority of any instance relating to suspicious betting.”

In addition, the regulator has started to notify licensees of any suspicious sports betting activity without disclosing its sources.

“The Sports Betting Integrity department started alerting its licensees with any knowledge of suspicious betting activity in its possession.

“Without revealing the source of the information, the Authority started informing its licensees of any instances of suspicious betting activity in relation to any event that has been adverted by such.”

The MGA claimed that this amendment to its alerting process will be beneficial for both operators and the Authority by creating a more robust monitoring framework that licensees can use to improve their own systems.

It hopes that these changes will foster a safer and more informed Maltese betting sector, as well as allowing for the holistic review and evaluation of the sports betting risks faced by the industry at large.

“In this regard, the Authority’s Sports Betting Integrity department continuously seeks ways of improving monitoring and reporting capabilities across the wider Maltese sports betting sector,” it said.

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