SBC News Brazil’s Ministry of Finance reassigns roles to betting regulator

Brazil’s Ministry of Finance reassigns roles to betting regulator

Brazil’s Minister of Finance, Fernando Haddad, has made changes to the government oversight of the gambling industry..

An ordinance published in the Gazette of the Union (DOU) reassigned Executive Commission Functions (FCE) and Executive Commission Positions (CCE) within the domain of the Ministry of Tax authorities.

In detail, two Technical Assistant Positions were reassigned to the Prizes and Betting Secretariat (SPA), Brazil’s betting regulator established under legislation approved earlier this year.

The reassignments will see a Technical Assistant Position move from the General Regulation Coordination to the SPA Office; and a Technical Assistant Position also join the General Coordination of Responsible Gambling Monitoring of the Undersecretary of Monitoring and Inspection of the SPA.

This week, the SPA also announced Emerson Luiz Gazzoli, Federal Auditor of Finance and Control, as the agency’s Betting Authorisation Coordinator. Gazzoli is an economist from the State University of Campinas and has experience in the areas of growth, fluctuations and economic planning.

Gazzoli’s ordinance is signed by secretary Regis Anderson Dudena and in turn presented in his new SPA position by Rui Costa, Minister of the Civil House. Dudena is responsible for regulating lotteries, advertising and the sports betting and online gaming market.

While the gaming and betting regulatory body in Brazil is being formed, the market continues to advance with the regulations that will make the country one of the most profitable in the world for the industry.

In yet another update, just days ago the SPA published Ordinance No. 82 7 in the Official Gazette, which establishes rules and conditions for obtaining authorization to operate sports betting in the country.

The document provides that only those legal entities constituted as determined by Brazilian legislation, with headquarters and administration in national territory – including also those that are subsidiaries of foreign companies – and that comply with the requirements established in the Law No. 13,756/2018 (Betting Law), which regulated fixed-odds betting, and in Law No. 14,790/2023, which regulated the industry in Brazil.

If the operator is from overseas and wishes to operate in the country, they must open a company in the national territory and have a Brazilian partner who owns at least 20% of the share capital of the legal entity. 

In addition, subsidiaries, agencies and representations of companies located abroad cannot obtain a licence to operate the activity.

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