Key deadline for bookmakers' compliance in Brazil
Friday 24 de May 2024 / 12:00
2 minutos de lectura
(Brasilia).- The National Association of Gaming and Lotteries (ANJL) considers that the Ordinance 827 of the Secretariat of Prizes and Bets (SPA) of the Ministry of Finance meets the expectations of the market, allowing time for adaptation. The deadline for bookmakers to adapt to the legislation is 31 December.
The ordinance states that all bookmakers operating in Brazil after 1 January 2025 without authorisation from the SPA, and therefore in an irregular market, will be subject to sanctions. The association stresses that from then on all bettors will be able to distinguish between serious companies, which operate transparently and legally, and irregular ones.
“This was the most eagerly awaited ordinance for gamblers because it regulates a number of important rules concerning not only the authorisation, but also the operation of each betting shop. These include, for example, the documentation required, the minimum financial requirements to be met and the number of licences for a certain number of brands linked to the same economic group,” says ANJL president Plínio Lemos Jorge.
“From the player's point of view, as the regulation process will be in place for all operators by the end of this year, from next year they will know that they are playing on a safe and reliable platform, with the guarantee that they will receive their winnings if they get their bets right,” adds the president.
The ANJL points out that there are also other ordinances planned in the process of regulating the sector in Brazil, which are expected to be published by the end of July, according to the regulatory agenda published by the Secretariat of Prizes and Gambling (SPA).
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
SBC SUMMIT RIO 2025
25 de February 2025
ProntoPaga Strengthens Its Presence in Brazil with a Successful Participation at SBC Summit
(Rio de Janeiro) - ProntoPaga, a leading company in payment collection and disbursement solutions in Latin America, stands out with its participation at SBC Summit Rio de Janeiro 2025, where the company consolidated its position as a benchmark in digital payments for the gaming industry.
Tuesday 18 Mar 2025 / 12:00
Daniel De Los Rios on Amusnet’s LATAM Expansion and SBC Summit Rio Highlights
(Rio de Janeiro, SoloAzar Exclusive).- After a successful experience in SBC Summit Rio, Daniel De Los Rios, Amusnet Comercial Director, Latam, granted an interview to SoloAzar in which he detailed the products showcased and the presentation of its Type S slot cabinet series. He also remarked that Brazil represents a key market for the firm’s expansion strategy.
Tuesday 18 Mar 2025 / 12:00
TaDa launched its fishing-shooting games alongside its full portfolio at SBC Rio 2025
(Rio de Janeiro, SoloAzar Exclusive).- Hector Langa, Business Development Manager, TaDa Gaming, shared its experience at SBC Rio, where they showcased their full collection of games. He talked about new opportunities and challenges in Brazil, their new partners and the launch of their first, free to play, tournament site specifically for Brazilian players.
Monday 17 Mar 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.