At the end of October, the Federal government announced the publication of standards aimed at establishing the regulation of the legal operations of online betting companies in Brazil, also known as “bets”.
These guidelines were made official through an ordinance published in the Official Gazette of the Union (DOU) and apply to all companies that sell fixed odds betting types in the territory national.
see more
'Uber Adolescents': discover the new category even more…
PS5 for servers: Amazonas security secretariat opens…
The applicable rules do not impose a limit on the number of authorizations to operate in this segment, as the main objective is to promote broad and fair competition in the online betting market in the Brazil.
Supervision and inspection of this sector will be the responsibility of two specific secretariats, each linked to a different ministry: one secretariat will be linked to the Ministry of Sports, and the other secretariat, at the Ministry of Finance.
These secretariats are responsible for ensuring compliance with regulations in their respective areas of competence. Check out more details about the requirements linked to the regulation!
For a company to comply with authorization, it must meet a series of requirements and criteria. Regulation is essential to avoid loopholes that could allow fraud or illicit activities.
This involves, among other aspects, the need to have legal qualifications, that is, maintain an active CNPJ, and be in full compliance with your tax and labor obligations. This demonstrates financial strength and technical competence in the field of online betting.
As part of regulatory guidelines, foreign companies wishing to operate in Brazil will have the obligation to follow specific national guidelines in the country as a condition for obtaining authorization to operation.
Another important element, which is of due importance, is the requirement that online betting companies adopt strict policies to prevent match manipulation and money laundering money. This contributes to the transparency and security of activities in this sector.
At Trezeme Digital, we understand the importance of effective communication. We know that every word matters, which is why we strive to deliver content that is relevant, engaging and personalized to meet your needs.