Brazilian regulator receives additional applications following new deadline
To date, more than 120 businesses have applied for iGaming licenses.
Following the LOTERJ’s recent decision to reopen the application deadline for operators to set up shop in Brazil once the regulated gambling market opens, several more applications have been submitted.
The country’s bet management system has received 121 applications, according to its website.
LOTERJ decided to reopen the application window for betting accreditation due to “high demand for regularization” in the State of Rio de Janeiro.
The new deadline ran from September 5 to September 20, giving businesses a 15-day window to file applications.
More than 100 applications were filed for iGaming licenses in Brazil during the previous August 20 deadline, following the establishment of ordinance 1,207, a document that lays out the rules and regulations for fixed-odds betting operators.
Brazil is scheduled to open its regulated gaming market January 1, 2025.
In other national news, a senator in Brazil recently called for the Attorney General’s Office (PGR) to remove all sports betting sites that are currently operating in the country, according to a local news report from CartaCapital.
In a proposal to the PGR, Senator Omar Aziz expressed concern that the current online games available could be accessed by younger audiences.
Senator Aziz said he opted to contact the PGR because presenting a bill on the matter “would take a long time to process.”
He wrote in his proposal, “These games, accessible to people of all ages, are leading young people, adolescents, children, adults and the elderly into debt, generating serious psychosocial problems and promoting the evasion of foreign currency, since most of the companies operating these games are based abroad.
“The impact of this practice is devastating, leading to the collapse of an entire generation that is immersed in the digital world, vulnerable to this limitless exploitation.”
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