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Sportsbook

Brazil: Parana state has the first authorized sportsbook company

Thursday 07 de September 2023 / 12:00

2 minutos de lectura

(Parana).- On Tuesday, September 5, Loterias do Estado do Paraná (Lottopar) announced the name of the first company authorized to operate betting with fixed odds in Paraná. As of today, BETPR has been accredited by Lottopar to operate throughout Paraná as of October, following the rules imposed by the regulations.

Brazil: Parana state has the first authorized sportsbook company

Only in October will operations actually start, which guarantees isonomy in the process, as all the “betting” companies that meet the requirements will start operating at the same time. This interval between the signing of the contract and the start of operations is due to the fact that each lottery operator is completing the process at different times.

The first contribution of 5 million reais has already been paid to Lottopar, thus guaranteeing BETPR the right to operate sports betting in Paraná for five years, which may be renewed for another five and so on, provided the company makes a new payment. of grant. These funds have already been allocated to popular housing, public security and social actions. Once the accreditation process is complete and operations begin, part of the funds raised by lottery operations will be used for social programs and actions.

Platform integration

In order for authorized companies to start operating effectively, they must be integrated into Lottopar's management, control and payment platform. In this way, from the first day of activity, the local authority can control the operations of accredited companies, verifying, for example, the number of bets, the amount of funds that circulate in the sports betting environment and if they are being complying with all the regulations, such as alerting them to suspicious or atypical bets, for example, thus avoiding money laundering and currency evasion. In addition, to provide greater transparency and integrity to sports betting operations, at any time the control authorities may request reports from Lottopar through the platform, guaranteeing inspection and that all regulations are being complied with. This supervision through the platform will take place 24 hours a day, seven days a week, without interruption, in an operations control room in Lottopar.

Start of operations

Throughout the month of September, progress will be made in the accreditation process of the betting companies, since the analysis of the documentation of the rest of the companies will be completed. After this analysis and the signing of the contract between Lottopar and the accredited operators, the betting companies will be simultaneously authorized, legalized and regulated to start operating throughout Paraná.

Authorized website

Once the accreditation of all the sports betting companies that participated in the public call has been approved, Lottopar will disseminate it widely and will also make a link available on the authority's website so that bettors can identify the companies authorized and legalized to operate. sports betting throughout Paraná. In addition, when bettors enter a legal and regulated site in Paraná, they can easily see a verification stamp in the upper left corner of the betting site, with the Lottopar logo and the inscription "authorized site", which is the guarantee for the bettor that all the security controls have been carried out, that they will have the support of support and attention channels in Brazil, as well as that they will be able to look for a physical store to be attended and that the funds from the bets will return in social benefits for the gambler himself.

For the CEO of Lottopar, Daniel Romanowski, this moment is a legal milestone for the state, "because as of today we are legalizing and regulating sports betting in Paraná and the funds generated by this betting market, which previously did not remain in Paraná and many times they even left Brazil, now they will be invested in improving the quality of life and well-being of the people of Paraná. Part of the collection will go to investments in public security, popular housing and social actions.

The BETPR representative, Felipe Villar, highlights this moment as very important and considers it a milestone in Paraná. “We are very happy with this moment, because we are the first 'bet' that has its accreditation approved in Paraná and this will generate income for both public safety and other social actions. The betting market is booming, it is very popular and Paraná can only win with that”.

The ceremony was attended by the CEO of Lottopar, Daniel Romanowski; the representative of BETPR, Felipe Villar; the administrative-financial director of Lottopar, Rogério Nogueira; the operational director of Lottopar, Fabio Veiga; the technical director of Lottopar, Rafael Halila.

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook ,

País: Brazil

Región: South America

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