Brazil: Ministry of Sports releases new fixed-odds betting ordinance

This covers a wide variety of sporting events, with a number of online and sports betting licenses also being confirmed.

Brazil’s Ministry of Sports has published an ordinance further outlining details for its soon-to-open sports wagering market, explaining which sports will be legal to bet on – as well as reports from the nation indicating the awarding of 68 online licenses and 67 sports betting licenses.

This ordinance “regulates the list of sports modalities and sports entities that may be subject to fixed-odds betting on real sports-themed events.”

This includes all sporting events recognized by the International Olympic Committee (IOC), as well as “sports and modalities provided for in the Pan American Program that do not coincide with those of the Olympic Program.”

In addition to these events, the new ordinance covers regulations on wagers for sports and modalities the International Paralympic Committee (IPC) recognizes, along with those that are ecognized by the International Committee of Sports for the Deaf (ICSD) and sports played by those with disabilities.

Good to know: The country will go live with both its online gambling and sports betting markets January 1

For the past several months, Brazil has made regulatory preparations in anticipation of the launch. As of today, 68 iGaming licenses have been approved by the country’s regulator for online gaming, with an additional 67 sports betting licenses being authorised. Currently 14 sports betting licenses have been unconditionally approved, with the remaining 52 having been given the provisional go-ahead.

The Instituto Brasileiro de Jogo Responsável (IBJR) recently released a manifesto that outlines guidelines for play and processes to encourage “transparency, security and integrity.”

The manifesto lays out measures for market security, including implementing facial recognition technology as a method to dissuade underage gambling.

Authorized operating brands in the country will have the .bet.br domain added to their websites to distinguish those as legal sites for players.

The IBJR published 15 principles that include protection for minors, providing clear outlines and working with third-party providers that are properly licensed, as well as undertaking evidence-based consumer protection research and initiatives.

The LOTERJ also recently released betting guidelines that include requiring licensed bookmakers to adopt responsible gaming programs.

Laura Mack

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