Philadelphia-based Sporttrade, the only sports trading market place in the US, this week announced its membership to the International Betting Integrity Association (IBIA). Sporttrade is managed by an experienced team of professionals from backgrounds in sports betting and capital markets.
Alex Kane, Founder and CEO of Sporttrade said that the IBIA membership will complement the use of leading integrity technology such as Nasdaq’s market surveillance and will equip Sporttrade to offer “fair, transparent, and efficient open sports betting markets”.
The International Betting Integrity Association promotes transparency for the licensed betting industry. It protects members from corruption by reporting suspicious activity detected in its members’ betting markets. The association’s members account for 70 per cent of regulated online revenue in global betting.
Members undergo a rigorous due diligence process and must adhere to IBIA’s code of conduct whilst committing to champion responsible betting practices. The Association shares partnerships with leading sports bodies that include FIFA, UEFA, ITIA and IOC as well as collaborations with leading gambling regulators where data is collected and utilised to prosecute corruption and suspicious trading deals.
CEO of IBIA, Khalid Ali, said that the association “is delighted to welcome another North American operator “.
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