Secretary Regis Dudena (Prizes and Bets) states that the projection will be confirmed if all requests for grants are accepted
The Secretary of Prizes and Bets of the Ministry of Finance, Regis Dudenaestimates raising R$3.4 billion in 2024 with the regularization of bets. According to him, the amount would enter the government’s accounts if the 113 authorization requests are accepted by the ministry.
“We still don’t know how many of these will comply with all the rules to be called and also whether or not they will comply with this final requirement of paying the concession fee”he declared in an interview with the newspaper State published this Wednesday (18.Sep.2024).
The Treasury’s rule determines that the betting company will have to pay R$30 million to remain in Brazil for 5 years. Companies have until December 31, 2024 to comply with the requirements.
Legal entities operating in Brazil without the proper authorization from the Betting Secretariat will be subject to penalties. An ordinance with the rules stipulates that bets without the required documents within the deadline will have the authorization request definitively archived.
GROUPS “BAD INTENTION”
Regis Dudena stated that groups “malicious” used the sector to earn money illegally.
“Because the sector was legalized in 2018 and went on until 2022 without any attention, there was an increase in these malicious groups using the sector”declared in an interview with GloboNews on Tuesday (17.Sep).
The speech was made in relation to the suspension of betting sites that did not request authorization from the Ministry of Finance to operate in Brazil. They will be excluded from the market as of October 1, 2024.
According to the regulations, only bets that are already in operation and that requested authorization up until the date of publication of the ordinance with the determination (16.Sep.2024) will be able to operate until the end of December.
The regulated betting market will come into force in Brazil from January 1, 2025. Only companies that comply with the laws and regulations established by Ministry of Finance will be able to operate in the country.
Read more:
#Bets #Treasury #estimates #revenue #R3.4 #billion #regulation