The recent decision of the Federal Supreme Court (STF), under the direction of Minister Luiz Fux, introduces immediate measures relevant to the regulation of online betting in Brazil, as established in sections of Ordinance SPA/MF No. 1,231.
The new requirements, which come into force immediately, include a ban on advertising aimed at minors and the use of funds from social programs in betting, such as Bolsa Família. These changes aim to protect vulnerable segments of society by intensifying responsible gaming and consumer protection standards.
To help online betting operators quickly adapt to these new legal guidelines, Legitimuz stands out by offering its Onboarding Identity Verification System (KYC Onboarding).
That is, Legitimuz’s KYC has the ability to carry out detailed checks in less than 30 seconds, which confirms users’ registration data while also carrying out cross-checks against updated lists of participants in social and assistance programs.
Furthermore, the effectiveness of Legitimuz’s KYC system includes consultations with lists of Politically Exposed Persons (PEP) and Money Laundering Prevention (PLD) measures, ensuring a rigorous and thorough analysis. This approach ensures that only permitted individuals can complete registration, perfectly aligning with the consumer protection and responsible gaming guidelines stipulated by the Ordinance.
With an approval rate of 97%, Legitimuz demonstrates the efficiency of its KYC system and the relevance of the service in the context of new regulatory measures. The high success rate reflects the company’s commitment to promoting verification practices that respect the latest security and compliance standards, making it easier for operators to comply with legal requirements effectively and reliably.
In short, Legitimuz’s KYC solution ensures full compliance with the new guidelines, allowing online betting operators to remain compliant and guarantee maximum efficiency as a standout in the market.
With advanced technology and thorough checks, Legitimuz ensures that each stage of onboarding is in full compliance, mitigating risks and promoting safety and ethics in iGaming operations in Brazil.
