According to the ministry, the companies were included in the national list after resolving pending issues in the authorization process
The Ministry of Finance released this Tuesday (October 8, 2024) an updated list of betting companies authorized to operate in Brazil until the end of the year. Nationally, 3 companies and 5 websites were included, bringing the total to 96 authorized companies, with 213 bets.
With the update, the sites Hiper Bet, Stake, LUCK.BET, 1 PRA 1 and STARTBET are added. According to the ministry, these companies were added to the national list after resolving issues raised during the authorization process. After clarification, they were included as companies in the adaptation phase. At the state level, the Lucky Sports has been added to the list. The company obtained authorization from Loterj (Rio de Janeiro State Lottery) to operate for a period of 5 years.
Below, the list of federal authorizations (click here to open in another browser tab):
The list of companies and brands operating with state authorizations continues with 18 companies, but now includes ESPORTES GAMING RJ LTDA., responsible for betting Lucky Sports and Onabet. The company became the controlling partner of ST Soft Desenvolvimento de Programa de Computadores Ltda., which was among those authorized in the previous update released by the Ministry of Finance on Wednesday (2.Oct.2024). Read Loterj’s note below.
Here are the state ones (here the link to another tab):
Each authorized company will have to pay R$30 million to operate in Brazil. In other words, the potential revenue from companies exceeds R$3 billion.
AGU
The AGU (General Attorney’s Office of the Union) obtained from the TRF1 (Federal Regional Court of the 1st Region) the suspension of the effects of the decision handed down by the 8th Civil Court of the Judiciary Section of the Federal District that authorized the operation of sports betting houses across the country on -line accredited only in Rio de Janeiro by Loterj (Rio de Janeiro State Lottery).
The body argued that the decision of the Federal Court of the Federal District invaded the Union’s competence to establish rules on the exploitation of betting, stating that the legislation allows States to explore the activity only within their territories. The previous preliminary decision had suspended the effects of ordinances from the Ministry of Finance that regulated the activity on a national level for operators accredited by Loterj.
UNAUTHORIZED
Sites not disclosed by the government can no longer offer betting in Brazil. Players will have until October 10th to redeem money from these slips. The domain stops working after that.
The Minister of Finance, Fernando Haddadsaid on September 30 that the Anatel (National Telecommunications Agency) will take down “around 500, 600 websites” in the following days.
“If you are listening to me and have any money in the betting shop, ask for a refund now, because you have the right to have your money refunded.”, he declared in an interview with the radio CBN.
GOVERNMENT & BETS
The government has promoted a process to regulate online betting in 2024. One of the concerns is regarding the addiction of bettors and possible financial consequences for families’ pockets. THE Power360 anticipated the information that Bolsa Família beneficiaries spent R$10.5 billion on bets from January to August, R$3 billion in the last month alone.
The Central Bank expressed concern about the growth of transfers via Pix to bookmakers. The monetary authority monitors the data to diagnose possible effects on default among Brazilian consumers, especially the poorest.
The problem is not exclusively Brazilian. A North American study showed that betting worsened the finances of consumers in the United States.
THE Power360 also anticipated that the Ministries of Finance and Health are considering creating an informative booklet on gambling addiction and dependence. The idea is for the 2 bodies to exchange information to develop joint policies. According to the Secretary of Prizes and Bets, Regis Dudena, an interministerial working group on the topic will be created.
“This interaction will allow us to receive technical information and use it in our relationship with bookmakers.”, he declared in an interview with this digital newspaper.
Read the full note from Loterj:
“LOTERJ informs that Esportes Gaming Brasil, owner of the Esportes da Sorte brand, has become controlling partner of ST Soft Desenvolvimento de Programa de Computadores Ltda, owner of the Apostou.com platform, accredited by LOTERJ since November 2023. On account of corporate change, ST Soft requested authorization to replace the current domain (rj.apostau.com) with the new ones (esportesdasorte.com and onabet.com), maintaining the conditions for authorization for operation.
After analyzing the documentation, LOTERJ verified that the company complied with the legal requirements, including Legal Qualification, Tax and Labor Regularity, Economic-Financial Qualification and Technical Qualification, in addition to presenting the required certificates of suitability.”
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