The operator will integrate its sportsbook operation with IBIA’s global betting integrity monitoring and alert platform, as well as sharing data and information on suspicious betting with other IBIA members.
Bingoal becomes the fifth new member to join IBIA in 2020, following five new sign-ups in 2019.
“As a socially responsible business, Bingoal recognises that maintaining the integrity of our sportsbook product is an essential pillar of our commitment towards protecting our customers and the sporting events on which we offer markets,” Bingoal chief executive Joeri Impens said.
IBIA chief executive Khalid Ali added: “Bingoal adds both retail and online intelligence capacity, with the former often being overlooked in the wider integrity data gathering debate.
It is very pleasing that responsible operators such as Bingoal continue to recognise the importance of integrity and see IBIA as their preferred partner.”
Last week, the IBIA revealed a 52% year-on-year increase in suspicious betting alerts in the third quarter, with football and tennis accounting for two-thirds of cases.
Some 76 alerts were registered in the three months to 30 September, up from 50 in the same period last year and 31% more than in the second quarter of 2020.
For the year to date, the IBIA has recorded a total of 195 suspicious betting alerts on sports from around the world.
The IBIA last month also published a set of standards setting out protocols for the collection of sporting event data for betting purposes.
The standards, the IBIA said, aim to ensure all data is accurate, reliable and transparent; responsibly sourced in a way that minimises risk, and collated in a way that protects against criminality or misconduct.
