The Ministry of Finance is preparing an ordinance that aims to regulate online casino games in Brazil, such as the popular Fortune Tiger, also known as Jogo do Tigrinho.
This legalization is part of a broader process of regulating online betting, which began at the beginning of the year and should be completed by August.
Specific rules for the Tigrinho game and fixed odds betting model
Fortune Tiger and similar online games must follow specific rules to operate legally. Betting sites must provide players with a paytable that clearly demonstrates the expected progressive win during the game.
This transparency is essential for games to be considered within the fixed odds betting system. Therefore, in this model, the player knows in advance how much he can win based on the result of a round, just as happens in sports betting.
In the case of Tigrinho, the winnings are not fixed or predictable at the beginning of the game, which initially raised doubts about its regulation.
However, if betting platforms can clearly present win multiplier calculations, these games could be considered under the fixed odds modality.
Income declaration and gambling control
Another important measure is the requirement for bettors to declare their income. Initially, it will be a self-declaration, without the need for proof, but the government may require additional documentation in the future, if necessary.
The intention is to prevent players from committing a significant part of their income to betting and also to prevent fraud.
Authentication and Bet.br domain and authorization process
From January 1, 2025, all online betting platforms must be hosted on the “bet.br” domain. In addition, users’ identity authentication will be required through facial recognition, to avoid the use of “scams” in money laundering schemes.
Betting companies that wish to operate legally in Brazil must request authorization from the federal government by August. The answer must be given by November, and then the company will have around a month to pay a grant of R$30 million.
Furthermore, the sites must be authorized by certifiers accredited by the Ministry of Finance.
