The awards evening was held at the Grand Connaught Rooms and Altenar employees from our UK, Malta and Greece offices were in attendance along with more than 300 professionals from the global gambling industry. The company was also shortlisted for the Legal Team of the Year prize, but it was the work done regarding the integrity of sports betting which saw Altenar claim a coveted trophy.

Sports betting integrity - Our work

Altenar is a proud member of the International Betting Integrity Association which represents the interests of our regulated partners around the world when it comes to betting integrity. Our interaction with IBIA's bespoke monitoring and alert platform is a vital part of our operation, and we provide IBIA with a comprehensive review of flagged events alerts in real time.

Commitment to sports betting integrity is also a key factor in the multiple licences we hold in various global territories. For instance, we cooperate with the sports integrity team of the Malta Gaming Authority on a recurring basis. Our team has hundreds of traders worldwide that receive in-depth training regarding integrity and our 24/7 operation ensures we are ready to respond quickly to any suspicious behaviour or betting patterns.

The work of the team is backed up by in-depth analysis of our sportsbook data, which has a comprehensive set of alerts that enable a clear and active approach to any deviant behaviour. As a company, we are constantly developing these tools to detect more patterns, enabling a complete monitoring exercise that assists our partners for fast decision-making actions. 

Altenar works closely with governing bodies across several sports in a bid to help their efforts to ensure integrity, while our sportsbook integrates feeds from over 20 official providers across major sports, as well as esports and horse racing. These feeds have been complemented by Altenar’s unique live bet acceptance algorithm which enhances operator security when it comes to in-play betting.

Benefits for Altenar’s clients 

Altenar’s work around sports betting integrity provides numerous benefits for our sportsbook clients, as well as the industry on a wider scale. We collaborate with multiple regulators and operators around the globe to track any events that could be targeted for suspicious activity.

The collaboration with IBIA and regulatory bodies has led to the evaluation of thousands of events for any type of suspicious activity. This helps to protect the financial interests of our clients as our experienced team, backed up by industry-leading echnology, can make informed decisions on which bets to reject and when to apply betting limits.

Our risk and trading team are located in multiple locations and timezones to constantly track any abnormality, ensuring a consistent level of monitoring and responsiveness. Our systems also categorise the events and the influx of data for each event in a risk perspective that allows us and operators to actively identify patterns.

The use of official data feeds and the introduction of a unique live bet acceptance algorithm enhances the live betting experience for users while ensuring protection against live bets. By blending data from multiple sources, our robust market offering benefits from a precisely calibrated live bet delay and reduces the potential for fraudulent betting activity.

Award win - Reaction

Magno Neiva, Head of Licensing and Regulatory Compliance at Altenar, said:

"As compliance professionals and members of an outstanding team and company, we are honoured to have represented Altenar in receiving Vixio’s Outstanding Contribution to Sports Betting Integrity award.

This recognition reflects the commitment, diligence, and integrity that guide our work each day. In a year defined by significant regulatory challenges, it is gratifying to see our efforts acknowledged at such a level. This award serves as a reminder that our collective dedication is important and will give us a boost to start anew in what is expected to be another defining year for the team, the company and the industry.

Vixio CEO Mike Woolfrey added: “This year has seen significant regulatory change across the industry, making the quality of entries even more impressive. Our independent judges did a fantastic job in selecting the winners, who truly represent the highest standards in regulatory compliance.”