SBC News Voice of the Sports Betting Industry
Genius Sports has enhanced its partnership with the Indonesian Basketball League (IBL) to launch an integrity programme to tackle match-fixing threats.
The sports data and technology company is now set to provide the league with forensic data and insights regarding global wagering on its events.
Specifically, real-time odds movements will be analysed by Genius Sports’ Bet Monitoring System and cross-referenced with predictive algorithms to automatically detect and flag any suspicious activity.
Mohamed Feizel, Head of Sports and Broadcast, APAC at Genius Sports, stated: “Sports must remain highly vigilant and proactive in their fight against match-fixing.
“We’re honoured to be the official integrity partner of the IBL and support them in the delivery of a comprehensive programme that combines round-the-clock monitoring with educational services to safeguard their competitions.”
Genius Sports’ integrity analysts will examine all monitoring data on IBL events, providing the league with regular and detailed reports.
Moreso, over 300 IBL players, coaches and officials have also been provided with several educational workshops, highlighting the league’s rules around integrity, the personal consequences of match-fixing scandals and the dangers of sharing insider information.
“This collaboration is a proactive effort for the league to continue to safeguard the transparency and competitiveness of our competitions,” added Junas Miradiarsyah, CEO of the IBL.
“Monitoring and education are vitally important to protecting the IBL and we’re pleased to be working with Genius Sports who are the trusted integrity partner to hundreds of sports leagues worldwide.”
Last week, Genius updated its FY23 expectations and reported that it expects to achieve positive cash flow by the second half of this year after further shrinking its net losses during Q1 2023, continuing its upward trajectory from 2022.
Group-wide quarterly revenue rose 13% to $97.2m (Q1 2022: $86.9m), alongside adjusted EBITDA of $8m, a substantial increase of 378% on a corresponding Q1 2022 loss of $3m, whilst the margin stood at 8%.
