Since forming a new agreement with the Esports Integrity Commission (ESIC), Midnite has committed to maintaining the fairness of sporting events.
Midnite will join ESIC’s anti-corruption system under the new agreement and will also contribute to ESIC’s questionable network of bet warnings.
Commissioner Ian Smith of the ESIC stated: “In reaching our goal which is to make esports as fair as possible, bookmakers play a crucial role since their internal data analysis makes it easier to recognize the signs of a rigged match.
“We’re glad to welcome Midnite as our new Anti Corruption Supporter. Having them as partners is another step towards the future where esports is free from corruption and fraud.”
A start-up based in London, this year Midnite launched its Esports wagering app, raising a record $2.5 million in venture capital from industry figureheads.
Midnite Head of Compliance Caroline Newman added: “At Midnite, we value transparency, integrity and care when it comes to our product and customers.
“With our core focus being on esports betting, our ethics revolve around trust and with esports as a whole. ESIC’s experience and expertise on fighting corruption and other threats to the betting and esports industries ensure they remain sustainable and reliable.
“Being a member of ESIC is an honour, and we look forward to working with the team there to uphold the integrity of esports.”
According to ESIC, the number of betting warnings that might be related to match-fixing nearly doubled from 2017 to 2018, showing the rise from 39 to 74. Citing concerns about the ongoing COVID-19 pandemic and an influx of betting markets for sports, ESIC recorded an approximate 50 percent increase in suspicious betting alerts.
We’re proud to announce that Midnite has partnered up with ESIC to fight corruption in esports.
ESIC has recently identified an increase in suspicious betting during the COVID-19 pandemic so it is essential we work together now more than ever.https://t.co/4lc1PMXyDD
— Midnite (@midnite) May 4, 2020