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Tag Archives: Sports Betting

Government rolls out further regulations for online betting systems

The Ministry of Finance’s Secretariat of Prizes and Betting (SPA) has issued a new ordinance outlining the technical and security requirements for betting systems, sports betting, and online gaming platforms. The ordinance, published in the Official Gazette, mandates that operators establish betting services and store corresponding data centres in Brazil. Operators are required to use…

National Congress session on Brazilian President’s vetoes is postponed

The session of the National Congress that would have analyzed President Luiz Inácio Lula da Silva‘s vetoes to proposals approved by the Legislature was cancelled due to a lack of agreement among party leaders. The joint meeting between federal deputies and senators, scheduled for Wednesday night (April 24), was rescheduled to take place between May…

Brazil’s Ministry of Finance announces new rules for payment methods and payments

The Ministry of Finance’s Secretariat of Prizes and Betting (SPA) published Regulatory Ordinance SPA/MF No. 615 on April 18, 2024, outlining the general rules to be followed in payment transactions carried out by fixed-odds betting operators. The ordinance is part of a set of regulations aimed at regulating the activities of fixed-odds betting operators in…

Ministry of Finance calls for coordination over state sports betting regulations in Brazil

During the 192nd Ordinary Meeting of the National Council of Fiscal Policy (Confaz), held in Fortaleza, Ceará, Dario Durigan, Executive Secretary of the Ministry of Finance, proposed the creation of a new Working Group within the council to discuss state regulations for sports betting. According to a Confaz press release:  “Coordination among the federal entities…

Brazil – Loterj to grant more licenses amidst growing controversy

The State Lottery of Rio de Janeiro (Loterj) has opened a new deadline for betting companies to participate in a new bidding process to obtain a license in the state of Rio de Janeiro. Sports betting houses that wish to operate regularly in the territory of the state have 30 days, starting from April 12,…

Senate match fixing inquiry begins in Brazil

The Parliamentary Inquiry Commission (CPI) on Sports Betting (CPiae) has been established. Senator Romário was chosen as the rapporteur. The presidency and vice-presidency were taken by Senators Jorge Kajuru and Eduardo Girão respectively. At the first meeting, the members made it clear that the objective of the commission is to “get to the bottom of…

Brazil – Rio de Janeiro lottery dispute could end up in Supreme Court

On Friday (5th April) the Rio de Janeiro Lottery (Loterj) decided not to respond to a request from the Ministry of Finance regarding the issue of offering sports betting outside of state borders. According to local press the issue could as a result end up in Brazil’s Supreme Court (STF). Loterj has authorized four online betting…

New York’s online sports betting revenues up 21 per cent in 2023

New York’s online sports betting revenue reached $1.76bn in 2023, up 20.6 per cent, with bettors in the Empire State placing $19.64bn of online bets, up 19.8 per cent from last year’s figure. The market was once again led by FanDuel and DraftKings. FanDuel processed $8.10bn in online bets producing revenue of $845.8m whilst DraftKings…

Victorian punters to be better informed under clearer, fairer player activity statements

Victorian betting account holders will now see their true spending and losses under new standards that specify how this information must be displayed on player activity statements.  These changes come after the Victorian Gambling and Casino Control Commission (VGCCC) analysed sample activity statements across a number of providers and found inconsistencies in how information was…