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Industry
April 19, 2024
Brazil Government Implements Stricter Payment Rules for Online Betting
In a move to tighten regulations surrounding online betting, Brazil’s Ministry of Finance, through its Secretariat of Prizes and Betting, has announced new guidelines for payment transactions in online betting. The regulation prohibits several payment methods, including cash, credit cards, bank slips, and cryptocurrencies. New Decree in Brazil Mandates Electronic Payments for Online Bets According […]
Industry
April 11, 2024
Brazil Betting Laws Targeted for Completion by This Summer
Late in December, Brazil made an important step to regulate sports betting by legalizing the activity. Similar to other jurisdictions, the process is complex and requires extensive policymaking that takes time to be considered and implemented. Still, it is likely that bettors and sports fans in the country will be able to place their first […]
Sports
April 11, 2024
Betting Operators Identify Brazil’s Potential, Consider Expansion
The exponential growth of sports betting across the United States proved to be a success. Since 2018, the statewide legalization of the activity enabled it to expand to nearly 40 states, which currently offer a legal form of betting, allowing millions of Americans to place bets via regulated operators. In 2023, lawmakers in Brazil legalized […]
Sports
April 4, 2024
Brazil Embroiled in New Soccer Match-Fixing Scandal
Brazilian Senator Jorge Kajuru (PSD-GO) has announced the implementation of a Parliamentary Commission of Inquiry (CPI) on Manipulation of Results in Brazilian football later this month in the Senate. This decision comes in response to recent controversial statements by John Textor, owner of SAF do Botafogo, accusing athletes from São Paulo and Fortaleza of manipulation. […]
Industry
April 2, 2024
Brazil Considers “.bet” Domain for Authorized Sports Betting Sites
Brazil’s Ministry of Finance is exploring the creation of a specialized domain extension, “.bet,” exclusively for sports betting and online casino websites. This move aims to enhance regulation and oversight in the rapidly expanding sector, making it easier for consumers to identify licensed operators while deterring illicit activities. It also extends the government’s plans to […]
Sports
March 14, 2024
Brazil Still Missing a President of Bets and Prizes Secretariat
Brazil’s Minister of Finance, Fernando Haddad, is under pressure to appoint a president of the Secretaria de Prêmios e Apostas (SPA) or Secretariat of Bets and Prizes. The appointment is required as a final step toward the much-anticipated launch of the country’s federal sports betting marketplace. Frustration Rising in the Congress News of the completion […]
Industry
February 21, 2024
Brazil Proposes to Ban Celebrities from Participating in Betting Ads
Ahead of the expected launch of legal sports betting in Brazil this year, the country continues to develop regulations for the sector. One major part of the legal framework involves advertising and it follows a pattern adopted by many countries across the globe. A proposal for the regulation of sports betting advertising gained traction late […]
Industry
February 13, 2024
Yolo Group Prepares to Enter Brazil, Joins IBIA
Yolo Group has become the latest member of the International Betting Integrity Association (IBIA) ahead of launching in Brazil. Boasting offices across Estonia, Malta, Brazil, Australia and Guernsey, the group sought to comply with Brazil’s sports betting requirements. As Brazil prepares to launch regulated sports betting, it requires licensed operators to engage with an integrity […]
Industry
February 6, 2024
Brazil’s iGaming Sector to Generate $5bn, Says Vixio Report
The leading provider of regulatory and business intelligence, powering the global payments and gambling industries, Vixio Regulatory Intelligence, released a new report, highlighting the potential of the online gambling sector in Brazil. Released just in time for the start of the ICE 2024 convention in London, the new Brazil Online Outlook report analyses the potential […]
Industry
February 5, 2024
Brazil Takes Center Stage in Gambling Regulation
Brazil’s Ministry of Finance has achieved significant progress toward regulating its burgeoning gambling industry by introducing the Secretariat for Prizes and Betting (SPA). This strategic move is part of a broader governmental initiative to enhance control and bring legal oversight to the rapidly evolving landscape of gambling within the country’s borders. A New Regulator for […]
