Ministry of Finance publishes proposal for sports betting and plans to create rules to avoid manipulation of results

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A Provisional Measure will be published on the subject, which will then have to be confirmed by the National Congress. The Ministry of Finance released this Thursday (11) its proposal to regulate sports betting, which will be done through a Provisional Measure. Once published, the MP has the force of law, but then needs to be confirmed by the National Congress. According to the government, the regulation “will guarantee more confidence and security for bettors, thanks to the transparency of the rules and supervision”. “Thus, the ministries will have the possibility of editing ordinances to create mechanisms that avoid and curb cases of manipulation of results”, added the Ministry of Finance. This week, the Court of Justice of Goiás (TJ-GO) received a complaint from the Public Ministry (MP) against the 16 people accused of manipulating the results of games. In total, the agency made seven players and nine gamblers defendants. The Minister of Justice and Public Security, Flávio Dino, asked the Federal Police to open an investigation to investigate an illegal sports betting scheme in Brazilian football. The 5th round of the Brasileirão started this Wednesday (10), with some teams lacking. Qualification According to the government, only qualified companies will be able to receive bets related to official sporting events, organized by federations, leagues and confederations. “Companies that are not qualified will incur illegal practices and will be prohibited from carrying out any type of advertising, including in digital media”, he added. The Ministry of Finance reported that the Provisional Measure provides for the creation of a secretariat, within the portfolio, which will be responsible for analyzing documents for approval or not of the accreditation of betting companies in the country. “This secretariat will also monitor the volume of bets and revenue, ensuring greater control over the fixed-quota sports betting market,” he added. Betting taxation According to the Ministry of Finance, the Provisional Measure will provide that companies will be taxed at 16% on the so-called “Gross Gaming Revenue (GGR)”, that is, the revenue obtained from all the games played, subtracting the prizes paid to the players. “The prize received by the gambler will be taxed at 30% of Income Tax, respecting the exemption of BRL 2,112.00”, informed the folder. The Ministry assessed that the collection from fees and taxes will be allocated to areas such as public security, basic education, sports clubs and social actions. Of the 16% charged on revenue obtained by companies in the sector, 2.55% will be allocated to the National Fund for Public Security, for actions to combat match-fixing, money laundering and other acts of a criminal nature that may be practiced in the scope of or related to betting. According to the government, 0.82% will be earmarked for basic education, 1.63% for sports clubs, 10% for social security and 1% for the Ministry of Sports.

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