Tag Archives: SPA

The Ministry of Finance of Brazil has declared that, from 1 October, it will suspend all businesses that have failed to apply for licence authorisation to participate in the forthcoming Bets market. This hard deadline forms part of plans to launch the Bets market on 1 January 2025, under the federal framework to regulate and licence fixed-odds betting and online …

Brazil has been flooded with gambling licence applications, some companies even scrambling to get through the doorstep with submissions made right on the deadline date.  It is common knowledge that Brazil is gearing up for the launch of a nationwide regulated market, which when put to action is set to become one of the biggest global markets overnight.  For that …

Brazil’s three biggest media firms of Globo, Band UOL, and SBT are reported to be eyeing options to launch online sports betting franchises. The development follows the Secretariat of Prizes and Betting (SPA) completing the framework of technical ordinances required for the government of Brazil to launch a federal online gambling marketplace—commonly referred to as ‘Bets’. The conclusion of final …

The Secretariat of Prizes and Betting (SPA) has completed the technical framework required for the government of Brazil to launch a federal online gambling market – commonly referred to as ‘Bets’. On Friday, the SPA submitted ordinance No.1231 to the government, outlining its rules and technical guidelines for responsible gambling with regard to marketing, communications, and advertising of the Bets …

The launch of Brazil’s federal online gambling market is nearing its final stages, as the government has published technical ordinances to authorise online casino games and live gaming studios. Yesterday, the Secretariat of Prizes and Betting (SPA), the department that will serve as the federal gambling authority of Brazil, submitted Ordinance No. 1,207 to the government. The document outlines technical …

The Senate of Brazil has advanced plans to modernise laws governing the gambling disciplines of land-based casinos, bingo, horseracing, and the sale of jogo do bicho (instant win games). On Wednesday, the much-delayed Bill No. 2,234/2022 was approved by the Senate’s Constitution and Justice Committee (CCJ), securing 14 votes in favour and 12 against, advancing a federal project to modernise …

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 …