The Ministry of Finance recently published five new ordinances that establish rules for the fixed-odds betting market in Brazil. The measures include requirements for games to be certified and also create more stringent monitoring and oversight mechanisms. The regulation aims to bring more security and transparency to the market, making operations safer for both operators and consumers
The betting sector generated around R$12 billion in 2023, a significant increase compared to R$7 billion in 2020. This growth is related to the increase in the popularity of sports betting, especially driven by the advancement of online platforms. This rapid growth caught the attention of the authorities, they decided to strengthen the rules to ensure that operations are carried out safely and within the law, protecting all those involved
ForPaula Martin, lawyer specializing in Tax Law and partner ofMBC Lawyers, these new rules are an important milestone for the sector. The regulations bring more clarity about the responsibilities of the operators and ensure that the guidelines of the Ministry of Finance are followed. This creates a safer environment, affirms
Consumer protection and game certification
Among the most significant changes, está a exigência de que todos os jogos online sigam os critérios da Portaria SPA/MF nº1.207/2024. Operators need to ensure that bettors know exactly the odds of winning before placing a bet.
Furthermore, a Portaria SPA/MF nº1.231/2024 exige que os operadores ofereçam ferramentas para limitar o tempo e o valor das apostas, helping to prevent gambling disorders and protect the mental health of gamblers
"The concern for health was taken seriously in these ordinances". Setting time limits and available resources for playing helps to prevent addiction, allowing a betting experience with harm reduction, explain the lawyer
Monitoring and punishments
The new rules also strengthen the oversight of the sector. A Portaria SPA/MF nº1.225/2024 define como o governo vai monitorar e garantir que as apostas sejam feitas de forma legal. Já a Portaria SPA/MF nº1.233/2024 detalha o processo de punição para empresas que não seguirem as novas regras, with the application of fines and other sanctions depending on the severity of the offenses
This reinforcement in oversight is essential to provide more transparency to the market. Furthermore, creates greater trust among consumers, that now they can be sure they are betting in a legal and safe environment, Paula stands out
Finally, a Portaria SPA/MF nº1.112/2024 estabelece regras claras para que o dinheiro arrecadado com as apostas seja repassado ao Tesouro Nacional. Operators are required to follow a specific procedure for these transfers, ensuring that everything is done transparently. These new rules are essential to maintain the financial balance of the sector, besides ensuring that companies comply with tax laws, punctuate
Impact on the sector
With the implementation of the new regulations, the fixed-odds betting market in Brazil is gaining a more robust regulation, aiming to bring greater security for both operators and players.
These ordinances, in addition to establishing clear guidelines for operators, also aim to meet the growing demands for more protection for consumers. According to experts, it is important that operators strictly comply with the new rules to ensure that the market continues to grow. Regulation is an important step, but compliance with the rules by everyone is essential for the sector not only to grow, but also remain sustainable and safe, highlights the lawyer
