André Gelfi Discusses Implementing Gambling Ordinances in Brazil’s Market

André Gelfi, IBJR’s President, discussed the first results of the legalisation process. As an ardent adherent to the idea of shaping and properly supervising a safe wagering market in the country, he underlined the crucial significance of new regulations.

Current Situation in Brazil’s Legal Environment

When the state’s Treasury issued fresh rules to create a decent business realm for licensed operators, the IBJR body instantly recognised their value and supported the idea.

The new regulations uphold the following market characteristics:

• safety;
• fairness;
• sustainability;
• transparency.

Mr Gelfi claimed these standards would keep dishonest entrepreneurs away from the country’s entertainment segment. Gambling managers with insufficient capacity to serve the sector will also not be allowed to enter it.

In 2023, over 130 bookmakers expressed willingness to join the Brazilian business arena. However, less than half of them actually submitted applications to the SIGAP institution this year until the deadline of August 20. Mr Gelfi believes this situation confirms that the state’s regulated market is only for diligent operators ready to contribute to the industry’s growth. This factor creates a healthy, competitive realm.

The wagering licence is valued at almost $5.5 million. Such a price makes it impossible for entrepreneurs who cannot offer the highest level of reliability to residents to work in Brazil.

Significance of the New Sports Betting Ordinances

Mr Gelfi stated that the publication of fresh rules was long anticipated and is crucial for increasing market prosperity. In this way, the country’s Ministry of Finance showed how the wagering segment should function.

The standards cover the following aspects:

• tech guidelines;
• sports integrity policy;
• prevention of ludomania;
• undergoing the SPA’s inspections;
• specifics of prize payments, and others.

The expert also mentioned that new demands might arise after the official publication of norms. Nevertheless, the first rules signify the beginning of much-anticipated segment expansion.

Additionally, Mr Gelfi said a few words about operators that the authorities would consider serious and worthy. These companies follow responsible gaming principles. They must immediately ban minors from accessing gambling platforms and never target this audience in the first place. Such enterprises also comply with the government’s and regulator’s decisions aimed at fostering the safe growth of the country’s sports betting niche.

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