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  The main deadline for betting operators to submit their federal authorization application to exploit fixed-odds betting is 20 August 2024. By submitting the application by this date, operators may be authorized, provided they meet the established requirements, until 31 December 2024. As of 1 January 2025, the Secretariat of Prizes and Bets of the…

After intense market anticipation, the Secretariat of Prizes and Bets of the Ministry of Finance (the “Regulator”) clarified today a crucial requirement regarding the corporate structure necessary for obtaining authorization for fixed-odds betting operators in Brazil, especially those that are subsidiaries of foreign companies. The clarification focuses on the interpretation of the current legislation, which…

Last Friday, 3 May, the Ministry of Finance (the “Regulator”) published Ordinance nr. 722 (“Ordinance”), which establishes the technical and security requirements that betting operators must adopt in their betting systems, as well as in sports betting and online gaming platforms (referred to collectively as “Betting Infrastructure”). Among the technical requirements established by the Ordinance,…

Today, the Secretary of Awards and Betting of the Ministry of Finance (the “Regulator”) issued the Normative Ordinance SPA/MF No. 615 (“Ordinance”), which establishes the rules that will govern the conditions and obligations involving payment transactions in fixed-odds betting. Firstly, the Ordinance mandates that all financial movements between bettors and betting operators—including deposits, withdrawals, and…

Currently, the betting market is experiencing a pronounced trend towards an increasing number of mergers and acquisitions (“M&A”) among operators. This trend is primarily driven by the substantial regulatory costs associated with the licensing process, including authorization fee that can reach BRL 30 million (thirty million Brazilian reais), technical certifications, and tax obligations. Collectively, these…

The Ministry of Finance (the “Regulator”) issued the Ordinance MF-SPA/MF No. 300 (hereafter “the Ordinance”), which sets forth guidelines, requirements, and procedures for accreditation of testing laboratories in relation to betting systems, live gaming studios, and online games. Within this framework, testing laboratories recognized by the Regulator will have the authority to issue a Brazil-specific…

The CONAR (National Council for Advertising Self-Regulation) in Brazil has published a specific set of rules aimed at regulating marketing activities related to betting in the country. As a result, the following guiding principles and directives for betting advertising within Brazil have been established: General Rule: Betting advertising must be conducted in a socially responsible…

On 30 December 2023, President Lula, with certain vetoes, enacted the Betting Law (Law nr. 14,790/23). This Law represents the final legal framework before the Ministry of Finance (“Regulator”) effectively regulates the fixed-odds betting market. Consequently, the regulatory structure for this market will be based on the following normative provisions:   The scope of the…

The House of Representatives approved Bill of Law 3626/23, known as the “Betting Bill of Law“. The Bill of Law, after being amended by the Federal Senate, returned to the House where it was approved with additional amendments. Consequently, the following provisions were established: Online games have been reinstated into the range of modalities encompassed…

Yesterday, 12 December, the Senate approved the Bill of Law 3626/23, commonly referred to as the “Betting Bill of Law“. The key modifications compared to the original text from the House of Representatives are as follows:   The taxation rate for betting operators has been set at 12% of Gross Gaming Revenue (GGR), a significant…