The Secretariat of Prizes and Betting of the Ministry of Finance published on Wednesday Ordinance SPA/MF No. 827, dated May 21, 2024, which establishes the rules and conditions for obtaining authorization for the commercial exploitation of the fixed-odds betting lottery modality by private economic agents throughout the national territory.
The regulation establishes that the deadline for adaptation of legal entities that were active in Brazil begins today (Yesterday, April 23rd) and ends on December 31, 2024.
As of January 1, 2025, legal entities that are active in Brazil without the proper authorization will be subject to relevant penalties.
The SPA/MF fulfills the 1st Phase of the Regulatory Agenda roadmap, providing legal certainty, predictability, and efficiency to the regulatory process of sports betting and iGaming.
https://www.in.gov.br/en/web/dou/-/portaria-spa/mf-n-827-de-21-de-maio-de-2024-561240128
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