Brazil is intensifying its efforts to curb gambling advertisements. Upcoming guidelines from the nation’s Secretariat for Evaluation, Planning, Energy and Lottery (SECAP) will shortly outlaw betting firms from presenting bonuses and complimentary wagers as enticements for gamblers.
These fresh regulations form a component of a broader initiative to control the gaming sector and guarantee impartiality for participants. The SECAP has declared that providing any form of initial benefit to lure betting is deceptive and will be rigorously forbidden.
The revised regulations also encompass more stringent protocols for disbursements, mandating all profits to be electronically transferred within 2 hours of the event’s finish. Consequently, conventional payment approaches like checks and physical currency, along with more recent methods like digital currencies, are no longer permissible.
These modifications, while not instantaneous, are projected to be completely implemented by the latter part of October 2024, granting operators a half-year period to adjust to the transformed environment.
The Brazilian gaming sector is brimming with excitement! Anticipated new rules are on the horizon, and their official release will trigger a compliance countdown for all. The previous week witnessed a flurry of activity, with industry giants like Pragmatic Play and Fast Track securing agreements with Brazilian enterprises PixBet and Aposta Ganha. Furthermore, Ecogra obtained its Brazilian permit, and NeoGames partnered with Caesars, adding fuel to the fire of this burgeoning market.