{"id":132806,"date":"2023-11-29T09:04:06","date_gmt":"2023-11-29T12:04:06","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2023\/11\/29\/regulation-of-sports-betting-goes-to-the-senate-plenary-this-wednesday\/"},"modified":"2023-11-29T09:10:04","modified_gmt":"2023-11-29T12:10:04","slug":"regulation-of-sports-betting-goes-to-the-senate-plenary-this-wednesday","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/legislation-en\/2023\/11\/29\/regulation-of-sports-betting-goes-to-the-senate-plenary-this-wednesday\/","title":{"rendered":"Regulation of sports betting goes to the Senate Plenary this Wednesday"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">This Wednesday, the 29th, the Senate Plenary is expected to vote on the proposal to <strong>regulate fixed-odd <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\">sports betting<\/a><\/strong>, known as <a href=\"https:\/\/igamingbrazil.com\/en\/legislation-en\/2023\/11\/27\/pacheco-cites-regulation-of-bets-and-legalization-of-games-as-ways-of-maintaining-the-tax-regime\/\">bets<\/a>. This happens after joint processing at the <strong>CAE<\/strong> and the Sports Commission (<strong>CEsp<\/strong>).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www25.senado.leg.br\/web\/atividade\/materias\/-\/materia\/160197?_gl=1*ihcllk*_ga*MTA3MTUyNjg0NS4xNjc4ODAxMDM4*_ga_CW3ZH25XMK*MTcwMTI1NTM3MS45OS4xLjE3MDEyNTc0MzIuMC4wLjA.\">PL 3626\/2023<\/a>, also from the <strong>Executive Branch<\/strong>, changes the law that provides for the free distribution of prizes for the purpose of advertising (<a href=\"https:\/\/normas.leg.br\/?urn=urn:lex:br:federal:lei:1971-12-20;5768\">Law 5,768, of 1971<\/a>) and the law that deals with the allocation of lottery collections and the lottery betting modality fixed quota (<a href=\"https:\/\/normas.leg.br\/?urn=urn:lex:br:federal:lei:2018-12-12;13756\">Law 13,756, of 2018<\/a>). It was also approved last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project defines the betting <a href=\"https:\/\/igamingbrazil.com\/en\/lottery-en\/\">lottery<\/a> as a betting system that includes virtual online gaming events and real sporting events.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bets can be placed physically or virtually<\/strong>. The authorization act will specify whether the operating agent can act in one or both modes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the text, authorization from public authorities for fantasy sport, an electronic sport in which disputes take place in a virtual environment, based on the performance of real people, is waived.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Authorization and advertising<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The future standard will require authorization by the <a href=\"https:\/\/igamingbrazil.com\/en\/legislation-en\/2023\/11\/08\/ministry-of-finance-publishes-new-rules-for-betting-companies\/\">Ministry of Finance<\/a>, with a term of up to 3 years and may be revised at any time. However, the adversarial process and broad defense of the interested party are ensured.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the project, legal entities must comply with requirements such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>headquarters and administration in the national territory;<\/li>\n\n\n\n<li>proven knowledge of games and betting;<\/li>\n\n\n\n<li>compliance with cybersecurity requirements;<\/li>\n\n\n\n<li>internal control procedures;<\/li>\n\n\n\n<li>money laundering prevention mechanisms.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The text also regulates the communication and advertising actions of betting systems, the fight against misleading advertising and the integrity of betting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the <strong>project stipulates penalties<\/strong> in case of non-compliance with the rules.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1022\" height=\"688\" src=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/11\/Regulamentacao-das-apostas-esportivas-Plenario-do-Senado.jpg\" alt=\"Regulation of sports betting Senate Plenary\" class=\"wp-image-132799\" srcset=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/11\/Regulamentacao-das-apostas-esportivas-Plenario-do-Senado.jpg 1022w, https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/11\/Regulamentacao-das-apostas-esportivas-Plenario-do-Senado-300x202.jpg 300w, https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/11\/Regulamentacao-das-apostas-esportivas-Plenario-do-Senado-768x517.jpg 768w, https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/11\/Regulamentacao-das-apostas-esportivas-Plenario-do-Senado-696x469.jpg 696w, https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/11\/Regulamentacao-das-apostas-esportivas-Plenario-do-Senado-624x420.jpg 624w\" sizes=\"(max-width: 1022px) 100vw, 1022px\" \/><figcaption class=\"wp-element-caption\">Photo: Jefferson Rudy\/Ag\u00eancia Senado<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Regulation of sports betting and allocation of funds<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to the text approved by the Chamber of Deputies, <strong>2% of the amount collected will go to social security<\/strong>. Other recipients of the resources will be the areas of <strong>sport (6.63%) and tourism (5%)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In sports, the amounts will be divided between the<strong> Ministry of Sports<\/strong> (4%), <strong>athletes<\/strong> (1.13%) and <strong>specific sports confederations<\/strong>, with percentages varying between 0.05% and 0.4%. Half a percent of the amount will be directed to state sports departments, which will have to distribute half to municipal sports departments, proportionally to the city&#8217;s population.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In tourism, 4% will be allocated to the <strong>Ministry of Tourism<\/strong> and 1% will go to <strong>Embratur<\/strong>. Law 13,756, of 2018, which created this type of <a href=\"https:\/\/igamingbrazil.com\/en\/lottery-en\/\">lottery<\/a>, provided that companies would keep 95% of gross revenue (after prizes and income tax), while the project allows 82%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still according to the proposal, <strong>education<\/strong> will receive 1.82% of what is collected. Within this amount, 0.82 percentage points will be allocated to early childhood schools or primary and secondary schools that have achieved targets for national assessment results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, the remainder (1%) will go to<strong> public secondary technical schools<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Wednesday, the 29th, the Senate Plenary is expected to vote on the proposal to regulate fixed-odd sports betting, known as bets. This happens after joint processing at the CAE [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":132798,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3130],"tags":[3338,14546,3171,5658,4173,3114],"class_list":["post-132806","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legislation-en","tag-angelo-coronel-en","tag-betting-regulation-en-2","tag-regulations","tag-rodrigo-pacheco-en","tag-senate","tag-sports-betting-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regulation of sports betting goes to the Senate Plenary this Wednesday - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"This Wednesday, the 29th, the Senate Plenary is expected to vote on the proposal to regulate fixed-odd sports betting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/legislation-en\/2023\/11\/29\/regulation-of-sports-betting-goes-to-the-senate-plenary-this-wednesday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulation of sports betting goes to the Senate Plenary this Wednesday - 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