In total, 113 companies filed the request with the General Betting System, of the Prize and Betting Secretariat of the Ministry of Finance
The deadline for betting platforms to request licenses to operate in Brazil from January 10, 2025 ended at midnight this Tuesday (20).
In total, 113 companies filed the request with the General Betting System, of the Prize and Betting Secretariat of the Ministry of Finance and, if authorized, one of the requirements among the established ordinances is the payment of a grant of R$30 million, which would generate revenue greater than R$3 billion for the Government.
Currently, it is estimated that more than 300 betting houses operate in Brazil, a number that should decrease with the start of the next stage of the ministerial schedule. As a result, market experts and executives believe that the number of platforms that fail to obtain approval varies between 10% and 15%.
“There were no mechanisms for collecting taxes and social allocations owed by betting operators, who operated freely in Brazil, from 2018 to 2023, without collecting R$ 1. Now, authorized companies will start paying their taxes”, said José Francisco Manssur, partner at CSMV Advogados and responsible for drafting rules for the fixed-odds betting sector in the country.
With the regulation, bets will be required to comply with criteria related to legal qualification, tax and labor regularity, suitability, economic-financial qualification and technical qualification, in addition to maintaining a financial reserve of R$5 million in the country, making an initial investment of R$15 million in the business and having a Brazilian partner.
Among betting houses, expectations for this new era in the sector remain high. “It will be a milestone that will bring more credibility to the segment, leaving only companies with an unblemished reputation and that adopt best practices, such as compliance, fraud prevention and the promotion of responsible gaming,” said Darwin Henrique da Silva Filho, CEO of Grupo Esportes da Sorte.
“With the new rules, all parties have everything to gain, with greater security, monitoring and responsibility. From 2025 onwards, when the demands are in force, we have no doubt that serious companies will see a boost in their growth”, highlights Rafael Borges, Country Manager of Reals.
