Ordinance Establishes Technical Requirements for Betting Operators

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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,…

Regulator Publishes Ordinance Regulating Payment Transactions in Fixed-Odds Betting

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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…

Brazil’s Betting M&A: Key Legal Insights

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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…

Brazil’s Betting Regulator Issues Ordinance for Accreditation of Testing Laboratories

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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…

CONAR Releases Rules for Betting Advertising in Brazil

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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…

Betting Law Enacted in Brazil: Overview of Key Rules

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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 Approves the Fixed-Odds Betting Bill of Law and Includes Online Gaming

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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…

Deadline for Betting Operators to Express Interest in Brazilian License Ends Next Week

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  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…

First Ordinance for the Regulation of Fixed-Odds Betting is Published in Brazil

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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,…