The Ministry of Treasury, through the Prizes and Betting Secretariat, will hold a ceremony to sign Technical Cooperation Agreements with several integrity monitoring entities this Tuesday (29).
This event will take place at 11 am in the auditorium of the ministry’s headquarters building, located in Block P of Esplanada dos Ministérios, in Brasília.
It is important to highlight that the meeting will be restricted to invited guests. However, the press and the public will be able to follow the live broadcast through the Ministry of Treasury’s official YouTube channel.
Among the organizations involved are Genius Sports, the International Betting Integrity Association (IBIA), the Sport Integrity Global Alliance (Siga e Siga Latin America) and Sportradar.
These entities stand out globally for their initiatives to maintain integrity and transparency in sports betting.
Main objective of agreements with the Ministry of Treasury
The main objective of these agreements is to strengthen cooperation and information sharing to identify and mitigate irregular betting-related activities. This ensures fair and safe practice for everyone involved.
With the signing of these agreements, significant progress is expected in the prevention of fraud and manipulation, which will directly benefit the credibility of national sports betting.
About the Prizes and Betting Secretariat
The Prizes and Betting Secretariat of the Ministry of Treasury was created to regulate and supervise the growing betting market in Brazil. Therefore, this authority is the main body responsible for implementing guidelines and policies that guarantee integrity, security and transparency in betting activities.
Among its functions, the formulation of regulations that prohibit the participation of minors and control advertising on betting platforms stands out.
It also ensures that operators have offices in Brazil and comply with their tax obligations, in addition to implementing measures to prevent manipulation of results and money laundering.
Since its creation, the secretariat has played a crucial role in promoting a responsible betting environment. Thus, issuing ordinances that regulate the sector and protect the rights of bettors.