Noticias de ultima
  • 12.00 Massachusetts Gaming Commission report is here
  • 12.00 Interblock Gaming and Boomtown Casino Biloxi unveil groundbreaking smart PIT installation
  • 12.00 Las Vegas ranks among most expensive places in the US to visit: study
  • 12.00 Gambling regulation in Peru: evolution towards stability and legal certainty
  • 12.00 MGM China seeks to keep Macau innovative in the gaming business
  • 12.00 Florida: The Supreme Court's refusal to hear an appeal cements the permanence of online sports betting
  • 12.00 BetConstruct and Gaming1 Enhance Sports Betting Under French License
  • 12.00 Win Systems concludes a successful participation in Peru Gaming Show 2024
  • 12.00 CT Interactive signs a strategic partnership with LiveScore Bet to expand its presence in key markets
  • 12.00 Pennsylvania: The Gaming Control Board Reports Revenue for May 2024

Brazil’s Finance Ministry publishes ordinance on Fixed-odds betting authorization

Monday 27 de May 2024 / 12:00

2 minutos de lectura

(Brasilia).- On May 21, 2024, The Ministry of Finance’s Secretariat of Prizes and Betting (SPA in its original) published Ordinance No. 827/2024 to establish general rules for the authorization procedure, including minimum documentation and applicable deadlines.

Brazil’s Finance Ministry publishes ordinance on Fixed-odds betting authorization

The Ordinance stipulates that only legal entities incorporated under Brazilian law as limited liability companies (sociedade limitada) or corporations (sociedade anônima) with headquarters and administration within Brazil may apply for authorization to operate fixed-odds betting. This authorization will be granted for five year-term, subject to a payment of BRL 30 million and a limit of up to three commercial brands that can be exploited through electronic channels under the authorization. The deadline for existing legal entities in Brazil to comply with the new rules is December 31, 2024.


The Ordinance specifies that the authorization request must be accompanied by documents that prove the legal qualification, tax and labor regularity, integrity, economic-financial qualification, and technical qualification of the company, as detailed below:

  • Legal qualification: companies must present corporation documents and other forms and written statements, including identification of controllers, holders of qualified participation, administrators, and ultimate beneficiaries and registration of financial institutions or payment providers that will offer financial services to the operator.
  • Fiscal and labor compliance: compliance with tax and labor obligations must be evidenced through the presentation of fiscal and labor certificates issued by federal, state, and municipal authorities.
  • Integrity: verification of integrity for both the requesting legal entity and its controllers, holders of qualified participation, ultimate beneficiaries, administrators, and legal representatives is required. The Ordinance requires the submission of statements regarding a company/individual’s reputation and the lawful origin of resources, as well as clearance certificates, including criminal records and disciplinary history.
  • Financial qualification: financial qualification should be demonstrated by providing a clearance certificate related to bankruptcy or judicial recovery, financial statements for the last two fiscal years, proof of a minimum financial reserve of BRL 5 million, full payment of the minimum share capital of BRL 30 million, and a minimum net worth of BRL 30 million, among other documents.
  • Technical qualification: the Ordinance requires the betting operator to present a technical certificate for the system issued by a laboratory recognized by the Gaming Authority (or proof of protocol to require the certification); a statement confirming the adoption of internal control policies and procedures (e.g., anti-money laundering, responsible gaming, among others); evidence of knowledge and experience in gaming from at least one member of the control group; a description of the customer support structure, and proof of registration with, among other documents related to the operation and governance of the interested company.

The Ordinance also allows operators to request additional authorizations to operate more commercial brands beyond the prescribed limit of three per authorization. In such cases, the betting operator will need to make an additional payment for the authorization fee (BRL 30 million), establish an additional financial reserve (BRL 5 million), and contribute an additional BRL 15 million to the share capital.

The documentation related to the payment of the authorization fee, establishment of the financial reserve, full payment of the minimum share capital, minimum net worth, technical certificate for betting systems, and implementation of customer support can be submitted within 30 days after notification from the Gaming Authority at the end of the procedure.

Authorization procedure, denial and administrative appeal

Companies interested in exploiting fixed-odds betting in Brazil can now submit their request.

The Gaming Authority will have up to 150 days to review the documentation and decide on the request. After this period, the Authority will notify the interested company to make the payment for the authorization fee and provide any missing proof or a response denying the request.

The request may be denied if the submitted documents are deemed insufficient or fraudulent. The applicant has the right to file an administrative appeal within ten days of the Gaming Authority notifying them that their request has been denied.

Legal entities that submit the authorization request within 90 days from the publication of the Ordinance are guaranteed to have their authorization approval published by December 31, 2024, provided that all legal requirements are met. The Ordinance also stipulates that the authorized betting operator must keep all required documentation up to date during the validity period of the authorization, and the Gaming Authority may request proof of compliance at any time.


Tags: Sin tags

País: Brazil

Región: South America


PGS, Perú Gaming Show 2024

12 de June 2024

Gambling regulation in Peru: evolution towards stability and legal certainty

(Lima, Exclusive SoloAzar) - From the repeal of the 20% tax by the Constitutional Court to the implementation of the Reorganisation and Formalisation Law, the regulation of gambling in Peru has undergone multiple changes. In this article, SoloAzar summarises the presentation by Dr. Constante Traverso, lawyer and head of APEJA, during the PGS, who underlines the need for a stable and fair public policy.

Wednesday 19 Jun 2024 / 12:00

Win Systems concludes a successful participation in Peru Gaming Show 2024

(Barcelona).- Win Systems, a leading technology provider for the gaming and entertainment industry, celebrates a successful participation in the recent edition of the Peru Gaming Show (PGS), which took place on June 12th and 13th at the Jockey Convention Center in Lima, Peru. The event was a perfect platform to showcase the company’s innovative solutions and cutting-edge products, specifically designed for the Peruvian market.

Wednesday 19 Jun 2024 / 12:00

The impact of AI on marketing campaigns, a featured topic at PGS 2024 conferences

(Lima, SoloAzar Exclusive).- Rony Vexelman, Marketing Manager of Optimove, presented the conference “Maximizing AI, the evolution of roles in iGaming”, within PGS event, held last week in Peru. From SoloAzar we share the highlights of the talk that shows how AI impacts online gaming and sports betting marketing campaigns.

Tuesday 18 Jun 2024 / 12:00


Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.