Brazil regulator releases security, technical requirements for fixed-odds lottery operators
This will apply to sports betting and iGaming platforms as well.
The Ministry of Finance and Secretariat of Prizes and Betting in Brazil has established technical and security requirements that will apply to its betting systems. The Ministry of Finance published the requirements in the Official Gazette.
These guidelines will also apply to Brazil’s sports betting and iGaming platform and are to be used by fixed-odds lottery operators.
The Ministry of Finance said in a statement, “The betting systems, integrated by sports betting and online gaming platforms, used by the operating agents to operate the lottery modality of fixed-odds betting shall observe and implement the technical requirements established in this Ordinance and its Annexes.”
The technical requirements state that “Operating agents shall maintain the betting system and the respective data in data centers located in Brazilian territory, in compliance with the provisions of law.”
Going forward, certificates that have been issued to operating agents need to be renewed annually under the conditions of the latest published requirements. Certificates must also be renewed “whenever there is inclusion, alteration and exclusion of critical components.”
Sports betting operators that want to gain licensing in Brazil have 30 days to register their interest, according to the published document. Along with the outlined deadline, the Ministry of Finance included information regarding official outlines for bettors’ rights.
Operators must include documents that reflect legal qualification if they wish to register, along with technical qualification, economic qualification, fiscal regularity and labor.
Foreign operators must have a Brazilian subsidiary prior to qualifying to offer sports wagering services. Those companies would also need to provide proof of its incorporation before gaining an authorization for an operating license.
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