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Analysis

Brazil embraces new era in betting market

Tuesday 16 de April 2024 / 12:00

2 minutos de lectura

(Brasilia).- Brazil is emerging a a leader in the region in betting regulation, leading the way to a promising future in the iGaming industry, and at SoloAzar we share the analysis of an iGaming expert.

Brazil embraces new era in betting market

The Ministry of Finance has just launched a revolutionary strategic plan to regulate fixed-odds betting, bringing order and stability to the sector. Under Ordinance SPA/MF No. 561, the Secretariat of Prizes and Betting (SPA) presents a detailed regulatory agenda, promising to transform and strengthen the betting industry in Brazilian soil.

This historic initiative, recently disclosed in the Official Gazette of the Union, represents a significant milestone in bringing clarity and security to a sector that previously faced uncertainties. With a action plan divided into four phases until July 2024, the goal is to establish a safe, transparent, and efficient betting environment.

The schedule starts with immediate measures to be implemented by the end of April, followed by subsequent stages until May and June, culminating in July. This includes defining general rules for betting operators, security criteria for betting systems, and guidelines for the certification of gaming laboratories and studios.

Furthermore, it temphasize transparency and responsibility, with specific regulations to combat money laundering and protect bettors' rights. The focus is on responsible gaming, ensuring that the benefits of the industry are shared in a scheduled and transparent manner with society.

With this ambitious plan, Brazil positions itself as a leader in betting regulation, ensuring a promising future for the sector while protecting the interests of bettors and society at large.

Key Highlights of the Regulatory Agenda:
1. Establishment of Regulatory Foundations (By the End of April)
- Definition of General Standards
- Requirements for Laboratories and Studios
2. Strengthening of the Regulatory Structure (By the End of May)
- Combating Money Laundering
- Protection of Bettors' Rights
3. Enhancement of Technical and Security Requirements (By the End of June)
- Detailing Security Requirements for Online Games
- Monitoring and Oversight
- Implementation of Sanctioning Actions
4. Consolidation of Social Responsibility and Responsible Gaming (By the End of July)
- Promotion of Responsible Gaming
- Social Allocation of Revenues

This schedule represents a true commitment to creating a regulated, safe, and ethical betting sector, providing a solid foundation for the sustainable growth of the industry and the protection of citizens.

By Dr. Ivo Doroteia

Categoría:Analysis

Tags: Sin tags

País: Brazil

Región: South America

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Payphone and its First Experience at GAT Expo Cartagena: Expansion and Connections Key to the Future

(Cartagena, Exclusivo SoloAzar).- Paola Murillo, Business Development Manager at Payphone, talked with SoloAzar about the company experience at GAT Expo Cartagena. The company aims to interact with regulatory authorities to drive its expansion in Latin America and the Caribbean. How does the firm plan to have more presence in these strategic markets? Read more in the following Q&A.

Friday 09 May 2025 / 12:00

21Viral Elevates Its Presence at GAT Expo Cartagena: Innovation, Networking & Business Expansion

(Cartagena, SoloAzar Exclusive).- In a Q&A with SoloAzar, Luz Beatriz Jaramillo Serna, 21Viral Sales Manager Latam, emphasizes the importance of regulatory interactions and networking for business growth. Discover the key takeaways from this exclusive interview!

Friday 09 May 2025 / 12:00

GAT Expo Cartagena 2025 reaffirms its leadership in the gaming sector in Latin America

(Cartagena, SoloAzar Exclusive).- With record attendance, strategic alliances, and a high-level academic agenda, GAT Expo Cartagena is driving innovation and industry growth in the region. In conversation with SoloAzar, CEO José Aníbal Aguirre discusses the highlights and upcoming GAT events in Latin America for the rest of the year.

Thursday 08 May 2025 / 12:00

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