IBJR celebrates ordinance that prohibits the operation of betting sites that did not apply for a license

The Secretary of Prizes and Betting of the Ministry of Finance, published in the Official Gazette of the Union an ordinance that prohibits the operation of betting sites from October 1st without authorization or that have not requested the requirement with the federal government. Thus, bets will only be able to operate with prior authorization to be issued by the same body.

From October, companies that did not request authorization will be classified as illegal until they have the operation released by the Treasury. Betting sites that operate in Brazil without authorization will be subject to the penalties provided by law, which provides fines of up to R$ 2 billion per infraction.

Those who requested the authorization, but were not yet operating, will have to wait to start the operation in January — this if they manage to get the release by the ministry and by meeting all the requirements.

Official Position

"The Brazilian Institute of Responsible Gaming (IBJR) celebrates the publication of Ordinance SPA/MF No. 1.475, of September 16, 2024, which provides for the conditions and deadlines for the adaptation of companies interested in operating in the Brazilian market of fixed-odds betting.

The Ministry of Finance reported that, from October 1, 2024, fixed-odds betting companies that have not requested authorization to operate in Brazil will have their activities suspended throughout the national territory.

The measure will be fundamental for an initial purification of the market and the permanence of brands that demonstrate genuine interest in operating in the regulated and healthy national market, coexisting harmoniously with other segments of the economy."



Brazilian Institute of Responsible Gaming (IBJR)

Source: GMB