Tag Archives: SPA

The tax framework applied to player prizes and winnings has been settled for Brazil’s Bets market. Yesterday, the Federal Revenue Service (RFB) of Brazil confirmed its ruling on personal income tax (IRPF) that will be applied to ‘net prizes’ obtained via betting, lotteries, and online gambling. As anticipated, the RFB approved the government’s modality to impose a 15% personal income …

Brazil maintains its schedule to launch its ‘Bets’ market, regulating online gambling activities as stakeholders are informed of IT security and platform requirements by the Secretariat of Betting and Prizes (SPA). On Friday, the SPA published its second market ordinance related to IT system requirements that will be applied to the Bets market. Prior to market launch, the SPA has …

The Ministry of Finance of Brazil has confirmed Régis Anderson Dudena‘s appointment as the inaugural President of the Secretariat of Prizes and Betting (SPA). The confirmation came via a decree in the Official Gazette of the Union on Monday, 22 April, signed by Rui Costa, Minister of the Civil House. Dudena, a legal scholar, has previously advised the government on …

New developments in Brazil see the Secretariat of Awards and Prizes (SPA) publish the ‘Normative Ordinances’ related to payment authorisations, required to establish the general rules that operators of sports betting and online gaming in the country must abide by for financial transactions. Titled as ‘the Payment Ordinance‘, the framework dictates that deposits, withdrawals, and prize payments can only be …

The Senate of Brazil is set to debate further changes related to gambling, as a project is re-submitted to apply federal rules on land-based casinos, horseracing, and the sale of jogo do bicho (instant win games). Brazil’s Senate Agency has confirmed that project 2,234/2022, which seeks to determine federal rules for land-based gambling activities, will be debated by the Constitution …

eCogra has been certified as a ‘technical assurance’ agency by the Secretariat of Betting and Prizes (SPA), the supervisory authority of Brazil’s imminent Bets market. Ordinance 588 published by the SPA declares eCogra as a certified laboratory to carry out technical assessments of betting systems, platforms, gaming studios, and lottery terminals for the Bets market. Founded in 2003, eCogra provides …

The Ministry of Finance of Brazil has outlined plans and a timetable to establish the regulatory policy of the Prizes and Betting Secretariat (SPA), the government agency that will serve as the regulatory authority of the betting market. Latest developments to progress the launch of the betting market, establishing a federal sports betting and online gambling marketplace in Brazil, saw …