Regulamentação do iGaming no Brasil Oportunidades e Mudanças com 1win Partners

The iGaming sector has grown exponentially in recent years. However, the absence of clear and comprehensive regulation was limiting the development of this market. In this 1win Partners article, we will explore iGaming regulation in the country, highlighting the relevant law, its most important sections and the expected impact on the industry.

The law and its main excerpts

The regulation of iGaming in Brazil is addressed by Law No. 14,790/2023, which was enacted on December 29, 2023. The law establishes the legal framework for the operation and control of iGaming companies in the country.

– Licensing and supervision: The law determines that all iGaming companies must obtain a license from the regulatory body. This body will be responsible for monitoring and supervising the operators’ activities, ensuring the integrity of the games and the protection of players.

“i. 22% (twenty-two percent) for football sports organizations in return for the use of their names, brands, emblems, anthems or symbols for publicizing and executing the specific prediction contest;”

– Taxes and fees: The regulation establishes a tax structure for the sector, imposing taxes and fees on iGaming companies. These tax obligations aim both to raise resources for the government and to prevent tax evasion and illegal activity.

– Consumer protection: The law also provides consumer protection measures, such as restrictions on who can or cannot play, such as minors who are underage to participate in games; public agent who works directly with regulation; etc, identity verification requirements and the implementation of gambling addiction prevention mechanisms.

 Opportunities and Changes with 1win Partners

1. Expanding market: With regulation, iGaming becomes a growing sector, attracting national and international companies seeking to reach the Brazilian public. This opens doors to new investments, jobs and significant tax contributions.

2. Player Protection: Regulation will provide a legal framework to ensure the integrity of games and the safety of bettors. Consumer protection measures aim to minimize risks, prevent fraud and prevent gambling addiction, promoting a safer experience for players.

3. Combating illegality: With regulation, the iGaming market in Brazil will become more transparent and subject to national laws. This will help combat illegal activity by ensuring players are only dealing with legally operating companies and reducing the risks associated with unregulated sites.

Financial impact

Although it is difficult to predict an exact figure in terms of profit for the iGaming sector from regulation, it is expected to be substantial. According to estimates, the legalization of iGaming in Brazil could generate millions of reais in tax revenue, in addition to stimulating investments in infrastructure, marketing and development of related technologies.

Conclusion

The regulation of iGaming in Brazil represents an important step towards the consolidation of the sector in the country. With a comprehensive law and consumer protection measures, the market is expected to grow positively, generating jobs, attracting investment and contributing to tax revenue.

However, it is essential that regulatory authorities closely monitor the application of the law and promote actions to prevent illegal practices and guarantee the integrity of games.

The Ministry of Finance must also publish how companies can purchase the license and what the prerequisites are for this. 1win Partners continues to monitor all developments in the law.

Follow 1win Partners on social media so you don’t miss any updates about the law and all other topics related to iGaming in Brazil.