A Superbet, sponsor of São Paulo and Fluminense, has obtained the certificate from eCOGRA (eCommerce and Online Gaming Regulation and Assurance) for a period of one year and thus advances in the regulation process of the Secretariat of Prizes and Bets of the Ministry of Finance. The British consultancy is one of the accreditors authorized by the Brazilian government to conduct compliance audits of betting and iGaming sites.
In January, the approved bets will begin their official operation in the country. Thus, Superbet completes another stage and claims to be at the forefront of the regulation process to operate officially from 2025.
The criteria evaluated by the certifier included data and system security, with cybersecurity protection guarantees; fair and random bets, with verification of all operating systems; prevention of money laundering, with rigorous financial control mechanisms; and full compliance with all government-established rules.
Superbet was certified by eCOGRA (eCommerce and Online Gaming Regulation and Assurance), a British consultancy and one of the accreditors authorized by the Brazilian government to conduct compliance audits of betting sites. The certificate was issued this Tuesday (10) and is valid for one year.
In the previous stage of regulation, Superbet was the first to make the payment of R$ 30 million of the grant required by the government to explore betting in the country.
When asked, the Secretariat of Prizes and Bets (SPA) said it does not inform which bets made the payments, which will be done all at once in January. In total, there are 71 betting houses in this phase.
Step by step
According to the secretariat, there are four steps until companies can legally explore online betting in the country.
First, it is necessary to submit the authorization request in the Betting Management System (Sigap), along with all required documents.
"Among other information and documents, it is necessary to send a declaration of the origin of the funds, a declaration of unblemished reputation, negative criminal background certificates issued by the Federal Police and the Civil Police of the domicile", as stated on the SPA website.
As it is common to have missing documents or errors, the Secretariat of Prizes and Bets then communicates to the company to remedy the deficiencies within 15 days.
After this first stage, if the Ministry of Finance approves the analysis, the process is sent to the Ministry of Sports, which is responsible for giving the endorsement, reexamining the documents, mainly those linked to sports integrity.
With this approval, the process returns to the Treasury, which starts the third phase of the process, with the last requirements, especially the financial ones (payment of the grant, capital integration, and the guarantee account). Also in this stage, the proof of the origin of the capital is analyzed.
After this, the company needs to present the certification of the betting system, and only then, the Treasury publishes the authorization in the Official Gazette. For each company, there will be an authorization, specifying which brands and domains it may explore.
Source: Painel S.A. / Folha
