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The plenary session of the Brazilian Senate approved the bill that regulates the fixed-odd sports betting market. The decision took place on Tuesday (12), and reduces taxes on companies in the sector from 18% to 12%, excluding online casinos from the project.

The proposed change comes from the leader of the PL, Carlos Portinho (RJ), and excludes from the document the regulation of taxation on online games, promoted by online casinos. Taxation will only remain for “real events”, such as football, basketball or other sports matches. As there was a change in the proposal, the text will return to the Chamber for further analysis.

F12.Bet, a sports betting and casino website, has been operating in the Brazilian market for two years and is following the changes, in order to become one of the first regulated betting houses in Brazil. This is one of the company’s ambitious goals for 2024.

“We have been on the market for two years. We understand this moment as a new phase and it is part of our objective to be the first licensed betting house in Brazil. We already have a responsible gaming policy, clarity in our operations and processes, and we are increasingly seeking strengthen this relationship of trust with the user”, explains Marcelo Serioz, the partner and founder of F12.Bet.

Focus on Responsible Gaming and positive user experiences

One of the topics most discussed during the process are issues associated with the risk of addiction to gaming and sports betting. Committed to responsible gaming since its inception, F12.Bet has good practices and transparency as one of its main pillars.

The betting site holds the BeGambleAware seal, seen in the IGaming world as an ethical initiative, as it informs players of the risks and negative aspects that can also occur in cases of gaming addiction. As well as raising awareness and offering alternative assistance.

In this context of a new phase, expanding the dialogue about good practices, conscious and ethical behaviors among players to promote responsible and safe entertainment also becomes a priority for F12.Bet in 2024.