Coolbet becomes latest operator to join IBIA

As an IBIA member, Coolbet, which was acquired by GAN last year, will share its integrity-related data with a network of operators across the globe in order to help flag suspicious betting activity to sporting bodies.

Together, IBIA members account for €115bn (£98bn/$122.75bn) in global annual turnover.

“We are very pleased to be part of the IBIA,” said Endre Nesset, senior vice-president of global sports at GAN. “There is strength in numbers and power in unity, and together with the rest of IBIA’s members we are in a great position to help maintain integrity and stop foul play in our industry.”

Announcement of Coolbet’s membership comes just over a month after the operator was approved for a licence in Ontario. As part of the standards for sports betting in Ontario, operators must join an integrity monitoring body such as IBIA.

IBIA has welcomed a number of new members recently. These include the ComeOn Group – which was also recently approved to launch in Ontario – and VBet.

The association also revealed last month that it had flagged 42 suspicious betting alerts in Q1 of 2022, a major drop from both Q1 of 2021 and Q4 of that year. Tennis was the sport with the most reports, with 14.