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PortugueseVancouver, Canada – 22 April 2024 GeoComply, a global leader in fraud prevention, KYC and cybersecurity solutions proudly announces its membership in the Instituto Brasileiro de Jogo Responsavel (Brazilian Institute of Responsible Gaming) (IBJR), the leading industry organization dedicated to promoting responsible gambling in Brazil.
With the implementation of regulated online gaming and sports betting on the horizon in Brazil, the IBJR plays a pivotal role in shaping policies and practices that prioritize integrity, consumer protection, and responsibility industry-wide. GeoComply is committed to advancing these efforts to ensure a gaming environment that safeguards consumers and upholds the highest standards of integrity.
Lindsay Slader, Senior Vice President of Compliance at GeoComply, expressed excitement about the partnership, stating, “Joining IBJR creates a dynamic platform for connecting with industry leaders. We’re thrilled to become members of the IBJR and look forward to collaborating with the industry-leading membership to advance critical policy priorities including consumer protection and responsible gaming. Being part of this organization aligns with GeoComply’s mission to make the internet a safer place for consumers and businesses. The industry will be able to leverage our solutions to prevent and detect fraud and money laundering and to ensure the highest levels of integrity across the regulated market in Brazil.”
According to the IBJR’s CEO, André Gelfi, the regulation of the Brazilian market has made it possible to discuss effective measures to protect players and online betting operators. “The Brazilian scenario calls for direct measures to combat game manipulation, fraud and identity theft. GeoComply’s extensive experience in this sector is aligned with IBJR’s objectives of working together with companies that can offer important information to the government and society on methods to detect counterfeiting and fraudulent processes in online gaming. This partnership puts us on another level in the discussion of how to combat illegal attempts to manipulate bets and create a way that intelligently verifies players,” he says.
About GeoComply
GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user’s true digital identity. Trusted by leading brands and regulators for the past 10 years, the company’s geolocation solutions are installed on over 400 million devices and analyze over a billion transactions every month.
GeoComply’s award-winning products are based on the technologies developed for the highly regulated and complex US online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries, building an impressive list of customers, including Akamai, Nextdoor, BBC, BetMGM, DraftKings, FanDuel, and Luno.
For more information, please contact: press@geocomply.com
About the Brazilian Institute of Responsible Gaming
The Brazilian Institute of Responsible Gaming (IBJR) was formed with the union of Bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, Netbet Group, KTO Group, Rei do Pitaco, Novibet, and LeoVegas with the goal of encouraging the debate surrounding the regulation of this segment in Brazil, contributing information to defend the creation of clear rules and guidelines so that sports betting companies can operate legally, and protecting the interests of both gamblers and civil society.
At this time, in addition to the igaming and sports betting companies, IBJR members include payment companies such as Grupo OKTO, Pay4Fun and OneKey Payments, media groups such as Better Collective, and the Clever Advertising agency.
Find out more about the IBJR at: https://ibjr.org/
Press office: ibjr@sherlockcomms.com
