Brazil´s sports betting laws to be complete by the summer, Lottery undersecretary said
Monday 18 de January 2021 / 07:11
2 minutos de lectura
(Brazil).- Brazilian legislators are aiming to have the nation’s sports betting laws in place by July with a launch date of 2022, according to Waldir Eustáquio Marques Jr., the undersecretary of SECAP, the Economic Ministry’s Secretariat of Evaluation, Planning, Energy and Lottery.
He said that the regulation had to must come out in July of this year. “Sports betting has some peculiarities, different from traditional lotteries, and includes much stronger technology requirements, which must be studied quite a bit, such as the integrity of the sport, the prevention of money laundering, the prevention of pathologies among vulnerable players,” he added.
“The administration technicians have studied this a lot, participated in various events, and have been trained to regulate this activity without taking a step forward and another step back.”
He said the government came close to piecing together its legislation until the disagreement over the number of licenses to be issued. "We were very close,” he said. “The secretariat was working hard on the authorisation. But we saw some points that could be detrimental. So we had to slow down and review the model, to be able to proceed safely.”
The government believes that licence fees alone would generate between US$730m and $1.8bn.
Categoría:Sportsbook
Tags: Sin tags
País: Brazil
Event
G2E - Las Vegas 2025
06 de October 2025
CT Interactive on Innovation, Networking, and Market Growth at G2E 2025
(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.
Thursday 30 Oct 2025 / 12:00
Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025
(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.
Monday 27 Oct 2025 / 12:00
G2E 2025: Cristian Galarza, ASAP Director Explains the Importance of Attending the Event
(Las Vegas, SoloAzar Exclusive). - After attending the 25th anniversary edition of G2E in Las Vegas, ASAP’s director shares his perspective on the evolution of the industry, driven by digitalization, efficiency, and the creation of international networks that foster new business opportunities.
Tuesday 28 Oct 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.