The Ministry of Finance defined the general conditions for commercial exploration in the fixed-odd sports betting market, also known as the betting market.
According to the publication, national or foreign companies that are established in national territory may participate in competition in this market. In addition, groups that meet the legal requirements set out in sector laws.
The company must be legally constituted, with the main corporate purpose of operating fixed-odds sports betting. And, prove that you are in good standing in tax and labor terms.
It will also be necessary to prove financial qualification, indicating the origin of the resources, and technical qualification, with a sports betting platform certified by the Ministry of Finance.
Therefore, a governance structure is necessary in companies, with integrity mechanisms when placing bets and participating in bodies that supervise sporting activities.
Free customer service, via telephone and internet, in Portuguese and based in Brazil, 24 hours a day, is also required. The aim, therefore, is to clarify doubts and assist with complaints regarding betting.
Another requirement created for the market is the implementation in companies of a policy to prevent manipulation of results, money laundering, financing of terrorism and the proliferation of weapons of mass destruction.
There will be no limit on the number of grants for the market. But shareholders, directors and members of the corporate staff of companies that request authorization to act must prove their suitability.
Bettors
The ordinance defines the rights and duties of bettors, such as access to betting and prize criteria. And, consent to the processing of information about bettors, as guaranteed in the Personal Data Protection Law.
Mechanisms to prevent money laundering and other crimes were also established, such as the channel where companies can report irregular activities to the Financial Activities Control Council (Coaf).
Health
The bettors identification becomes mandatory in the betting market, including the provision of the General Registration and Individual Taxpayer Registration (CPF) number. This is a way to protect vulnerable people such as children and adolescents under 18 years of age.
Measures to prevent compulsive or pathological gambling disorder and debt must be adopted. Just as companies that receive grants will have an obligation to promote informative actions on the topics.
Documentation to explore fixed-odd sports betting
Attached to the ordinance, the Ministry of Finance published a model form for companies to present a prior expression of interest in granting authorization to operate in the fixed-odd betting market.
Therefore, the request process will begin with this declaration, which must be sent to the organization’s General Coordination of Lotteries, by email [email protected].
