In a move that aims to enhance the integrity of sports betting, the General Directorate for the Regulation of Gambling in Spain has mandated that all gaming operators with licences for horseracing or sports betting must join the Global Betting Market Investigation Service (SIGMA).
This initiative, effective from 28 June 2024, aims to prevent and combat fraud and manipulation in the sports betting industry.
SIGMA’s mission is to safeguard sports by eradicating fraudulent practices that threaten fair play and equity. To date, it has garnered support from a range of key organisations including the Higher Sports Council, the Royal Spanish Football Federation, the Professional Football League, the Royal Spanish Tennis Federation and the Association of Spanish Footballers.
Law enforcement agencies such as the National Police, the Civil Guard and the Ertzaintza are also involved.
According to the new resolution, gaming operators must immediately report any irregular or suspicious bets to SIGMA. This includes any activity that might indicate fraudulent behaviour.
Operators are also required to provide any additional information necessary to investigate these alerts thoroughly.
This resolution is a step by the General Directorate for the Regulation of Gambling to fortify the fight against corruption in sports.
By integrating licensed operators into SIGMA, the Directorate aims to create a more transparent and secure betting environment.
In related news, The Flutter Foundation, a non-profit organisation supported by Flutter Entertainment, recently arrived in Spain with the goal of promoting inclusion and wellbeing in the lives of disadvantaged communities.
