SOFTSWISS sets sights on Brazil market launch

SOFTSWISS is now closer to securing the certification of its Casino Platform and Sportsbook in Brazil. 

This comes a year after the company managed to obtain GLI-19 and GLI-33 certifications that further strengthens its ability to meet Brazil’s regulatory standards.

However, with the South American’s upcoming market launch preceded by a tight legislative framework and the necessary implementation of strict compliance rules, SOFTSWISS has identified a number of other key priorities to focus on, such as player registration, Know Your Customer (KYC) protocols, and responsible gambling practices.

Andrey Starovoitov, Co-CEO at SOFTSWISS, commented: “We view Brazil as a highly promising region and are encouraged by the progress in local regulation as well as by the proactive efforts of local authorities to refine and enhance the existing legal framework. 

“The stringent requirements for gambling software emphasise responsible gambling and public protection, which regulators aim to balance effectively with business interests. It’s clear that the Brazilian Government is working diligently to maintain the appeal of white labelling within this market, ensuring a healthy environment for both operators and players.”

A certain intricacy of the Brazilian market will see new players providing their CPF number to operators when registering an account. That number is otherwise known as a Brazilian Individual Taxpayer Registry Number, and acts just like the Social Security Number in the US. 

The security measure aims to prevent the creation of multiple accounts under one name, and that all activity is linked to accurate personal details to reduce the risk of fraud. 

SOFTSWISS has committed on more than one occasion to fulfilling all expectations of the Brazilian regulator towards the implementation of responsible gambling.