On July 31, 2024, the Secretariat of Prizes and Bets (SPA) of the Ministry of Finance issued Ordinance No. 1,207 of 2024. The approval of this ordinance is essential for the legalization and regulation of the sector in Brazil, which should see advances in coming months and years. Follow the text below and understand what has changed in Brazilian law, also see an analysis of Campeonbet at onlinecassino.com.br.
The new ordinance establishes rules for online games and live game studios, ensuring that platforms operate in accordance with international quality and consumer protection standards. Check it out!
Impact of regulation on Brazilian players
Ordinance No. 1,207 of 2024 establishes several changes for Brazilian players. Understand the main impacts.
Security in online games
One of the main impacts of the regulation is security and transparency in online games Ordinance No. 1,207 of 2024 determines that operators are duly certified in Brazil, guaranteeing the player that the platforms are operating honestly, with random results ensured by random generators and tables transparent payment systems. This way, bettors know exactly what their chances of winning are before placing their bets.
Protecting the player’s physical and mental health
Another important impact of regulation is the protection of the player’s physical and mental health. The new regulations include strict anti-addiction measures, such as requiring platforms to offer tools for users to monitor their gaming time, set betting limits and schedule usage alerts. Therefore, players who are at risk of addiction must be temporarily suspended from the platforms.
Improved online gaming experience
Regulation also impacts the gaming experience for bettors because with stricter certification and supervision, platforms need to adopt higher quality and security standards. This way, players have a safer, more fluid and reliable experience, with less worry about fraud or manipulation.
Impact of regulation on operators
The ordinance also directly impacts operators who wish to operate in Brazil. Check out the main changes.
New opportunities and market potential in Brazil
The country has a vast potential market and regulations allow companies to operate legally in the sector, with greater security and predictable earnings. To get an idea of the market’s potential, in 2023 Brazilians invested between R$100 billion and R$120 billion, according to a report by XP Investimentos, showing the potential of local consumers.
Strict requirements for operator certification
Operators wishing to operate in Brazil will have to undergo a detailed licensing process. To be approved, companies must prove their technical capacity and adherence to standards, such as:
- Be a company based in Brazil;
- Present declarations of good reputation, negative criminal record certificates and proof of lawful origin of resources;
- Have a minimum financial reserve of R$5 million, minimum capital of R$30 million and net worth of the same value;
- Have a technical certificate for the betting system issued by laboratories authorized by SPA.
Regulatory structure
Since December 2023, with the sanction of betting regulation, the Brazilian government has issued ordinances that establish new rules for the operation of betting in Brazil. The main regulations are:
- Taxation: 15% income tax on net winnings from fixed odds bets. Operators must pay a tax of 12% on gross revenue;
- Commitment to responsible gaming: platforms need to monitor consumer habits and provide transparency tools to ensure responsible gaming;
- Advertising rules: prohibition of campaigns that present betting as a way to get rich quick or that use influencers to promote gambling as a path to financial success;
- Consumer protection and social responsibility: Operators must implement consumer protection measures such as self-exclusion options from 24 hours to six weeks.
Future perspectives
The regulation of online games in Brazil will certainly shape the Brazilian market in the coming years. The market should continue to expand with more gaming options and reliable companies, but operators need to adapt to new certification and security requirements. For example, one of the main trends is the focus on conscious consumption and responsible gaming, with advertising and consumer protection rules.
Regulated online casinos? The future of betting in Brazil
The approval of Ordinance No. 1,207 of 2024 is another milestone in the regulation of online gaming in Brazil. Players will benefit from greater security, in addition to the availability of a greater number of games. Operators will have access to more market opportunities with the increase in demand.
In the long term, the regulation is expected to promote a safer, more responsible and economically sustainable sector in the country. Choose your games responsibly and good luck!
