The Ministry of Finance has announced that it will promote the edition of approximately twelve regulatory decrees in relation to the law that regulates sports betting in Brazil. This measure aims to reinforce that regulation is ongoing and that, at this time, it cannot be subject to sanctions by states.
This is the Brazilian bettor... more and more there are women who bet.
The team of Minister of Finance, Fernando Haddad, has committed to delivering the complete regulation in the near future. This document will include standards for issuing state licenses so that they do not interfere with federal licenses.
Concern has also been expressed about establishing a supervisory system to prevent attempts at tax fraud. In addition, cases of locally licensed betting houses that allow betting on games in the rest of the country will be observed. In Rio de Janeiro, Loterj has implemented a system that requires a declaration of address by the bettor.
The law, sanctioned at the end of December, brought more clarity to the scenario. The government, after pressure and reports of fraud, acted to regulate the market. Thus, with the creation of the National Gambling and Betting Secretariat and the projection of significant revenue, the sports betting market in Brazil is about to enter a new phase. Therefore, the measures taken by the government aim to not only regulate but also ensure integrity and safety in this expanding sector.
