SportyBet Partners with Legitimuz to Achieve Brazilian Compliance
SportyBet, the online sports betting and gaming provider, announces it has agreed on a partnership with Legitimuz, the identity verification company, to enhance its compliance for the new gambling legislation in the Brazilian online betting framework. The Brazilian gambling regulators have included SportyBet in its list of priority gaming operators to be approved a license for the new gambling legislation.
SportyBet announces compliance partnership with Legitimuz.
LISTEN TO THIS ARTICLE:Under the terms of the deal, Legitimuz will ensure that SportyBet’s gaming procedures are fully compliant with and adhere to the extensive regulatory requirements set out by Brazilian regulators. Some of the services Legitimuz provides include Anti-Money Laundering (AML) services, facial recognition for account transactions, and a Know Your Customer (KYC) process.
The partnership includes some sophisticated technology which can be used to monitor betting patterns, highlighting potential fraud and suspicious wagering activity. Additionally SportyBet will be able to facilitate a timely verification process and offer real time support for users.
By ensuring that gaming operators have a mandatory relationship with a compliance specialist, the Brazilian regulators wants to create a environment where players have trust in the gambling industry and the stakeholders are committed to transparency in the sector.
More Regulation News
SportyBet Demonstrates its Commitment to Gaming Regulations
The Brazilian government is restructuring its online gambling framework and is making preparations to launch this new regulated market starting in January next year. it is trying to create a responsible gambling environment for all individuals in the country and is pressing all gaming operators to adhere to stringent gambling compliance.
Recently the Brazilian Ministry of Justice and Public Security (MJSP) contacted gaming operators requiring that they outline their procedures to protect vulnerable players.
Security and trust are fundamental pillars for SportyBet, and with the support of Legitimuz, we will provide an experience that is not only fast for users, but also safe and strictly compliant with Brazilian regulations. Our advanced verification solution reinforces this commitment, ensuring a transparent and reliable betting environment for all bettors,
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