MGM Resorts and Caesars Entertainment have led the formation of the non-profit Sports Wagering Integrity Monitoring Association (SWIMA) that will partner with regulators, law enforcement, and other stakeholders to identify betting fraud.
SWIMA announced that most major betting operators have already joined its board of delegates, with the expectation that eventually there will be full compliance in all jurisdictions. MGM Resorts chief compliance officer Stephen Martino, who was formerly chief gaming regulator in Maryland and Kansas, and Caesars’ EVP of public policy and corporate responsibility, Jan Jones, will serve as inaugural trustees.
Funding for SWIMA will be derived from the sportsbook operators and will not draw on any public money or any financial support from the sports leagues.