According to the Ministry of Finance’s Normative Ordinance No. 1330/2023, the deadline to express interest in obtaining federal authorization for operating in Brazil’s fixed-odds betting market is set for 25 November 2023. Interested companies, whether national or international, have a window of opportunity to express their interest in order to ensure priority in the…
Monthly Archives: November 2023
First Ordinance for the Regulation of Fixed-Odds Betting is Published in Brazil
On 27 October 2023, Brazil’s Ministry of Finance (the “Regulator”) issued Normative Ordinance MF No. 1330/2023 (“the Ordinance”), outlining the foundational guidelines and norms for the operation of fixed-odds betting in Brazilian territory. The Ordinance in question specifically focuses on the rights and obligations of bettors, measures for preventing money laundering, adoption of responsible gambling,…