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The National Association of Games and Lotteries (ANJL) and the Brazilian Institute of Legal Gaming (IJL) proposed an intersectoral meeting in response to the manifesto of retail and services entities. The aim is to discuss concerns about online betting, known as bets, and propose concrete measures for successful regulation.

Betting associations demonstrated support for two important measures:

  1. Prohibition of advertising bets as a form of investment, emphasizing their entertainment nature.
  2. Anticipation of the ban on the use of credit cards in betting, aiming to reduce the risks of debt and compulsion.

“Brazil is about to have robust and responsible regulation, which will be among the best in the world”, say ANJL and IJL.

The two entities highlight the sector’s commitment to awareness campaigns and the development of consumer protection tools.

Government and entities seek consensus

The dialogue proposal was forwarded to important government figures, including:

  • Geraldo Alckmin, vice-president and minister of Development, Commerce, Industry and Services
  • Alexandre Padilha, Minister of Institutional Relations
  • Ministries of Treasury, Sports and Health

This initiative demonstrates a joint effort to address the concerns raised and seek solutions that benefit all sectors involved.

The regulation of online betting in Brazil is moving towards a model that aims to curb abusive practices and promote sustainable development of the sector.

Alckmin held a meeting about credit card veto for bets

Last Tuesday (24), Geraldo Alckmin led a meeting on the regulation of sports betting with representatives from several ministries.

The focus was on the ban on the use of credit cards and PIX, which should come into force in January with the regulation of sports betting and online games.

The ban on the use of credit cards aims to mitigate debt and compulsion. The government is evaluating implementing these measures in a phased manner to ensure effectiveness and sustainability.

However, some bookmakers already intend to anticipate and prevent the use of credit cards from October 1st.