Betfair and the NSX Group, responsible for the Betnacional and Mr. Jack.bet platforms, officially announced the payments of the grant fee, in the amount of R$30 million, to the Federal Government.
Betfair made the payment last Friday (November 29). This movement marks the completion of another critical phase to become one of the first licensed companies to operate in Brazil under the new regulations.
To secure this license, Betfair has already completed several significant steps. Among them, he presented documents to the Ministry of Treasury that prove his technical experience in the sector.
It has also demonstrated that it has minimum share capital and has established security systems to prevent fraud, manipulation of results and money laundering. Furthermore, the company adheres to the LGPD – General Data Protection Law, ensuring the safe storage and consented use of sensitive data.
Betfair: services available and responsible gaming
Betfair also provided service channels, such as electronic and telephone support, as well as an ombudsman for interaction with the government. It has implemented responsible gaming practices and ensured that the Ministry of Finance has continuous and unrestricted access to its systems for auditing and oversight.
Kimberly Daly, Managing Director of Betfair International, said: “This is a very important moment for Betfair. We are strictly following each of the necessary requirements and, so far, we have complied with all of them in accordance with the requirements established for bookmakers when obtaining a Brazilian license.
“We are proud and excited to take this next step in the journey that began six years ago, which will allow us to continue providing our Brazilian customers and sports enthusiasts with the best entertainment experience,” he added.
Currently, the company offers its betting services through the Betfair Sports, Betfair Exchange and Betfair Casino platforms, as authorized by Brazilian legislation.
NSX Group complies with all regulatory steps
While the NSX Group made the payment this Monday (2), meeting the Federal Government‘s requirements to operate under the new regulatory framework. First, the company strictly complied with all Ministry of Treasury requirements, thus reaffirming its commitment to legality and transparency.
In this way, the company continues its mission to consolidate its presence in the Brazilian market, promoting a safe and responsible environment in accordance with local regulations.
About NSX Group
The NSX Group is a complete ecosystem and leader in the sports betting market, standing out for its innovation and focus on user experience. Composed of renowned platforms such as Betnacional and Mr. Jack.bet, in addition to strategic partnerships with big names in sport, NSX is committed to revolutionizing the sector.
Its mission is to provide a safe, transparent and engaging entertainment, betting experience, supported by expertise in technology, digital marketing and data management. With a robust business model and an ambitious vision, the group seeks to strengthen its position in both the national and international markets.
