Ministry of Finance publishes list of bets authorized to operate in Brazil

Current permission is valid during ‘transition’ until the end of the year; The Treasury still analyzes records. Stricter rules on payments and identification of bettors come into effect in 2025. Getty Images (via BBC) The Ministry of Finance released this Tuesday (1st) the list of online betting companies, known as “bets”, that are eligible to continue operating in national territory. At this point, the list includes all companies that have at least initiated the request for definitive authorization. Requests are still under analysis. Companies that do not obtain permission from the Brazilian government will be prohibited from operating in Brazil. This Monday (30), the Minister of Finance, Fernando Haddad, stated that up to 600 online betting sites will be banned in Brazil in the coming days for presenting irregularities in relation to the legislation approved by the National Congress. He recommended that players redeem resources on these sites to prevent money from being lost. A period of ten days will be given, starting this Tuesday (1st), to withdraw the funds deposited in companies that do not obtain permission. And he announced that the government will adopt new measures and monitor, more harshly, rules that are already in force – such as monitoring bets by CPF, limiting payment methods and regulating company advertising. According to the minister, the economic team will ban certain forms of payment for online betting, such as credit cards and also the Bolsa Família card. In August 2024 alone, 5 million Bolsa Família beneficiaries spent R$3 billion on bets. The Federal Prosecutor’s Office for Citizens’ Rights has already established a procedure to verify the impact of online betting on people in situations of social and economic vulnerability. On another front, at the request of general director Andrei Passos, the Federal Police opened a preliminary investigation to investigate the activities of international groups suspected of laundering money in the sports betting market. Haddad says that 600 irregular bets will go offline in the next few days BC survey BC survey released last week shows that Brazilians spend around R$20 billion per month on online betting in the first eight months of 2024. The data shows that approximately 24 million individuals participated in online gambling and betting, making at least one transfer via PIX during the period analyzed. “The bulk today is [via] PIX, not a credit card, which should be 10% to 15%. When it prevents you from using a credit card, you can do so via digital wallets. It’s something we’re looking at too”, said the president of the Central Bank, Roberto Campos Neto, at the time. Bets: 42% of Brazilians who say they bet are in debt and almost a third are out of the job market, says Senate research According to him , the BC is still evaluating the impact of the bets on the credit market and, consequently, on the population’s debt level. “If there is default at the end, we have to see what it will mean for the BC. [na definição da taxa de juros]”, he declared. Regulation At the end of last year, Congress approved and the government sanctioned a law that regulates online betting in Brazil. The regulation brings a series of rules so that these companies can operate in the country and stipulates payment of taxes — the which does not happen today. Since 2018, fixed odds betting, bets, has been authorized in Brazil. But most of these betting sites are now hosted in other countries and offer their services to Brazilians over the internet. who the bettors are, what payment methods these bettors are using. We will have very clear rules to combat money laundering”, said Régis Dudena, secretary of prizes and bets at the Ministry of Finance in an interview with Fantástico in an interview with Fantástico. at the beginning of the month. With the regulation, from January 2025 they will have to be hosted in Brazil, which will facilitate inspection, according to the government. “We also have rules to protect bettors. We know the financial volume that these bettors are spending in betting shops. They will be monitored and inspected by the Ministry of Finance”, he added.



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