Brazil
Brazil on Track to Legalise Sports Betting by July
The deputy secretary of prizes and draws at the Brazilian Ministry of Economy’s Secretariat of Evaluation, Planning, Energy and Lottery (Secap-ME) has given some hope that sports betting regulation could arrive this year. According to Waldir Eustáquio Marques Jr, regulation of the sector could be forthcoming in July.
Marques said: “Sports betting has some peculiarities distinct from traditional lotteries, and it involves very strong technological requirements that need to be studied a lot, such as the integrity of the sport, the prevention of money laundering, the prevention of the pathology of vulnerable players.
“We have closely studies the technicalities of administration, participated in various events and trained so that we can regulate this activity without having to take one step forward then another step back.”
According to Marques, the previous administration was very close to defining a regulatory framework but some aspects forced them to review the rules drawn up.
He said: “We were very close. The secretariat was working on clearance. We highlighted some points that could be detrimental so we had to stop and review the model in order to be able to proceed safely.”
BETBY
THE WINNING BET: NAVIGATING BRAZIL’S EVOLVING SPORTS BETTING MARKET
BETBY, a leading provider of sports betting solutions, is pleased to announce the release of a comprehensive industry report titled “The Winning Bet: Navigating Brazil’s Evolving Sports Betting Market”. This insightful report provides a deep dive into the intricacies of Brazil’s dynamic sports betting landscape, offering valuable insights for businesses looking to capitalize on this burgeoning market.
The report covers various key aspects, including:
· Historical background of sports betting regulations in Brazil;
· The state of digital connectivity in Brazil, including internet usage and mobile connectivity;
· In-depth analysis of player betting behavior, revealing trends and preferences among Brazilian sports bettors;
· Market potential and growth projections for the Brazilian sports betting industry;
· Recommendations for businesses aiming to succeed in the Brazilian market.
With Brazil’s recent regulatory changes opening up new opportunities in the sports betting sector, understanding the nuances of the market has never been more critical. This report equips businesses with the knowledge and insights needed to navigate Brazil’s evolving sports betting landscape successfully.
For businesses seeking to establish a presence or expand their operations in Brazil’s sports betting market, Betby offers tailored sportsbook solutions and expertise to meet their needs.
Brazil
GLI® First Lab to Achieve Accreditation by the Secretaria De Prêmios e Apostas to Certify Betting Systems, Live Game Studios, and Online Games to be used by Fixed-odds Lottery Operators for Brazil
Gaming Laboratories International (GLI®) has become the first laboratory to achieve accreditation to certify for betting systems, live game studios, and online games to be used by fixed-odds lottery operators by the Secretaria De Prêmios e Apostas (SPA) in Brazil.
The accreditation means GLI is authorized to test and certify equipment, programs, instruments, and devices that comprise betting systems, live game studios, and online games to be used by fixed-odds lottery operators for the recently enacted national regulatory regime of Brazil.
“We commend the outstanding work that SPA has done in creating a regulatory framework by adapting global best practices to their jurisdiction need and thank them for the transparency and professionalism of this laboratory accreditation process,” said Karen Sierra-Hughes, GLI Vice President for Latin America, Caribbean, and Spain. “We are grateful for the trust put in our work by Brazilian operators and suppliers in the past years in their self-regulatory efforts to voluntarily adhere to compliance processes, which puts them in the position to transition effortlessly to the rise of regulations that are in development today. We have witnessed the efforts that the government and the industry had made throughout all these years to regulate different forms of gaming and lottery, and we feel fortunate to have been part of it while sharing our global expertise and putting the local focus needed in providing support customized to the Brazil culture and particularities of this unique market. We are looking forward to being part of this very exciting time in Brazil and now finally also as an official accredited laboratory for this great country.”
GLI has been working with regulators, lotteries, and industry stakeholders across the Latin American and Caribbean region for more than 26 years in their efforts towards regulation, sustainable growth, and eradicating illegal gaming. In Brazil, GLI has been side by side with government entities and all industry stakeholders for nearly 20 years, participating in public hearings in the Senate, Chamber of Deputies, and State government level, and in recent years, adding strategic local representation to strengthen their local support.
This milestone is the latest for GLI in Latin America. Last month, GLI became the first lab to achieve accreditation to test online gaming, wagering, and retail sports betting in Peru. Last year in Brazil, GLI was the first lab authorized to test and certify for the Lottery of Parana LOTTOPAR, and GLI will become accredited in all states where laboratory accreditation will be required in Brazil.
3 Oaks Gaming
3 Oaks Gaming makes Brazilian debut with strategic EstrelaBet partnership
iGaming supplier expands global presence in key LatAm market
3 Oaks Gaming, an established distributor of iGaming content, has unveiled its partnership with online gambling operator, EstrelaBet.
In a strategic move, 3 Oaks Gaming will seamlessly integrate its extensive portfolio of content into EstrelaBet’s platform, granting players access to a diverse array of high-quality titles.
The supplier’s portfolio boasts a selection of high-performing games such as 3 Egypt Chests: Hold and Win, Coin UP: Hot Fire 3×3, and Sun of Egypt 4, renowned for their immersive gameplay, balanced mechanics, and cutting-edge graphics.
This collaboration marks 3 Oaks Gaming’s entry into Brazil, a market poised for exponential growth with its vast population exceeding 215 million, thereby significantly expanding the global footprint of the distributor’s content.
Sebastian Damian, Managing Director of 3 Oaks Gaming, said: “Our partnership with EstrelaBet signifies an important milestone in our international expansion efforts, perfectly aligning with our strategic objectives.
“We eagerly anticipate bringing our esteemed collection of titles to one of the major brands in such a promising market.”
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