Malta Gaming Authority Introduces New Suspicious Betting Tool

MGA has launched a new suspicious betting tool called Suspicious Betting Reporting Mechanism for prevention of fraudulent player’s behavior.

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Last updated on August 28th, 2021 at 03:02 pm

MGA has launched a new suspicious betting tool, called Suspicious Betting Reporting Mechanism (SBRM). The solution will be available from November 2020 for all B2C MGA license holders. The new rule follows on from numerous moves that the MGA has made to protect sporting integrity.

The development of the tool is related to a decision made earlier this year. The regulator decided to enhance the monitoring on suspicious betting. All MGA licensed operators should provide details about players’ suspicious betting activity. Starting from January 2021, operators who suspect such behavior will have to immediately inform the regulator.

Match-fixing has been a genuine concern in Europe, involving the European Union policy authority in the fight against fraudulent betting activity. As a result, anti-match-fixing measures are growing across the world with more operators and sporting bodies taking action.

As a result, the Malta Gaming Authority issued its Suspicious Betting Tool to implement the new regulation. Through this tool, the regulator will be able to track down and provide efficient and fast solutions against fraudulent activities.

In the meantime, the MGA is going to require from operators to provide detailed information about the conditions and markets under which a suspected fraudulent bet took place. Operators would be required to provide account information and the time the event occurred.

The SBRM is the next step in the fight against fraudulent betting operations, following the establishment of SIU in August 2019.

In 2020 the regulator also took strict measures towards operators that didn’t follow mandatory regulations. This lead to a number of suspended licenses for Playbay Malta Limited, Knockout Gaming, BetElephant, and Pick Mister.