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Caixa Econmica Federal, also referred to as Caixa or CEF, is a Brazilian bank headquartered in the nation's capital, Braslia. It is the largest 100% government-owned financial institution in Latin America.
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    Sports betting operator Galera.bet has joined the International Betting Integrity Association (IBIA). The platform, a sports betting πŸ‘ brand of Match Time Solutions, is primarily focused on Brazil and this decision β€œfulfills its regulatory obligation" under the recently πŸ‘ published Provisional Measure to join an international body for monitoring sports integrity.

    Galera.bet is an official sponsor of the Campeonato Brasileiro πŸ‘ SΓ©rie A, the Brazilian Basketball Confederation and Brazilian 3Γ—3 Basketball Tour. Through its latest move, the operator joins "nearly 50 πŸ‘ companies and over 125 leading sports betting brands in IBIA."

    IBIA announced its expansion into Brazil earlier this year ahead, of πŸ‘ the expected regulation of the market. The Brazilian government's subsequent Provisional Measure, published on July 25, includes a requirement for πŸ‘ licensed operators to be part of an international body for monitoring sports integrity.

    According to independent gambling market data provider H2 πŸ‘ Gambling Capital, IBIA members are estimated to already account for over 60% of the Brazilian remote gambling market. The association πŸ‘ says that its "leading market position" will enable it to provide "a highly accurate analysis and effective deterrent against betting-related πŸ‘ fraud," supporting a crackdown on match-fixing in Brazil.

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