The Brazilian Institute of Responsible Gaming (IBJR) expressed support for the recent statements by the Minister of Treasury, Fernando Haddad. In an interview with CBN, Haddad emphasized the government’s measures to regulate the betting sector in Brazil.
Commitments signed by IBJR
The IBJR reinforced its willingness to collaborate with authorities to develop policies that guarantee consumer safety and strengthen the legal betting market in the country.
The entity also emphasized that betting should be seen as a form of entertainment, marked by unpredictability and without guarantees of financial profits.
The IBJR outlined a set of commitments that demonstrate its commitment to regulating the sector. So, among the main actions are:
- From this Tuesday (1st) the blocking of credit cards for paying for bets.
- Application of licenses by all IBJR members with the Economic Policy Secretariat of the Ministry of Treasury.
- Alignment with the Ministry of Treasury’s guidance on Bolsa Família.
- Commitment to regulations for monitoring CPFs and analyzing the financial capacity of bettors.
- Act in compliance with all ordinances and decisions of the federal government.
- Defense of advertising regulation in the betting sector.
These actions aim not only to protect consumers, but also to promote a safer and more responsible betting environment.
Check out the official note from the Brazilian Institute of Responsible Gaming
“Blocking sites that do not seek regulation is, without a doubt, a crucial measure for the health of the betting market. The removal of platforms that operate outside the law must be seen as a firm and necessary action, an initiative that the IBJR supports it fully and unrestrictedly.
Regarding payment methods, the government’s commitment to banning the use of credit cards and Bolsa Família for betting transactions reflects a legitimate concern about the indebtedness of the vulnerable population. IBJR members have already voluntarily committed to banning credit card transactions on their platforms.
We fully welcome and support any government initiative regarding the end of the use of Bolsa Família subsidies for betting. The IBJR and its members are committed to responsible gaming and will strictly comply with federal government regulations, which require operators to assess the financial capacity of gamblers and ensure that their spending is in line with their income. This principle is the cornerstone of a robust regulatory framework.
All IBJR members are deeply committed to protecting vulnerable individuals and minors by actively promoting a safe and regulated gaming environment. We look forward to the new era of regulated gaming that begins on January 1st and will fully comply with all government measures and ordinances designed to ensure responsible gaming across the country.
However, we emphasize the need to reevaluate the measures designed so far regarding the use of Pix – created to reduce the cost of financial transactions, the blocking of which does not seem to contribute to debt control. On the contrary, the blockade may favor sectors that profit from more expensive transaction fees, such as TEDs, imposing unnecessary costs on the consumer.
Regarding the monitoring of bets by CPF, we highlight that the text of the regulation already provides for the use of mechanisms to protect the most vulnerable public. We are available to collaborate with the government, sharing best practices used around the world that can contribute to a safer and healthier environment for bettors.
In relation to advertising, we recognize the need to regulate this activity, especially when it comes to unregulated operators, who often act outside legal guidelines. The ban on advertising for the irregular market is an essential step to avoid encouraging uncontrolled gambling, protecting the population from invasive and excessive advertising.
Finally, we reiterate our support for the path being taken by the government and we are available to collaborate with the authorities in the development of policies that protect consumers and strengthen the legal betting market in Brazil. We also reinforce that betting is a form of entertainment based on unpredictability, without the guarantee of financial gains.”
