Sportradar and the Brazilian Ministry of Sports have officially signed a technical cooperation agreement aimed at enhancing the integrity of the country's sports betting environment.

The agreement will allow the ministry access to Sportradar's Universal Fraud Detection System (UFDS) and provide training and support to identify suspicious activities in the betting market.

This agreement is the latest in a series of measures taken by Brazilian authorities and Sportradar to address growing concerns about match-fixing and betting-related corruption.

The company has signed similar cooperation agreements with Brazil's Ministry of Finance, the Public Prosecutor's Office of Goiás, as well as national sports organizations such as the Brazilian Football Confederation (CBF) and the Brazilian Volleyball Confederation (CBV).

Under the new agreement, Sportradar will share data on suspicious betting activities flagged by its monitoring tools and host workshops focused on identifying and investigating betting irregularities.

The first training session will be held on May 15, with officials from the Ministry of Sports and the Ministry of Finance in attendance.

This deal was reached after Sportradar experienced a period of business growth. In its latest quarterly report, the company reported a 17% increase in revenue, reaching 311 million euros ($345.4 million), and a profit turnaround from a loss of 649,000 euros in the first quarter of 2024 to 24.3 million euros.

Driven by new partnerships and increased demand for its fraud detection solutions, Sportradar's Integrity Services division saw a 33% increase in revenue.

Sportradar's Executive Vice President Andreas Krannich stated: "Partnering with the Ministry of Sports is an important milestone in strengthening the integrity of sports in Brazil. As a global leader in integrity, we use cutting-edge technology to prevent and combat match-fixing, and we firmly believe that protecting competitions requires coordinated action from both the public and private sectors."

This statement comes as Brazil continues to develop a regulatory framework for its newly formalized betting industry, with integrity and consumer protection being top priorities in government policy.