The Minister of Finance of Brazil, Fernando Haddad, has recently implemented adjustments in the government’s administration of the gambling industry. These changes, as outlined in the Gazette of the Union, encompassed the reassignment of the Executive Commission Functions (FCE) and Executive Commission Positions (CCE) within the Ministry of Tax authorities.
Specifically, two Technical Assistant Positions were relocated to the Prizes and Betting Secretariat (SPA), which serves as Brazil’s betting regulator established under legislation approved earlier this year. One position was transferred from the General Regulation Coordination to the SPA Office, while the other joined the General Coordination of Responsible Gambling Monitoring of the Undersecretary of Monitoring and Inspection of the SPA.
In addition, the SPA recently appointed Emerson Luiz Gazzoli, a Federal Auditor of Finance and Control, to the role of Betting Authorisation Coordinator. Gazzoli, an economist with expertise in the areas of growth, fluctuations, and economic planning, was formally introduced into his new role by Rui Costa, Minister of the Civil House. The responsibility of regulating lotteries, advertising, sports betting, and the online gaming market falls under the purview of Secretary Regis Anderson Dudena.
Despite the ongoing establishment of the gaming and betting regulatory body in Brazil, the industry is rapidly progressing with the imminent implementation of regulations. This development is poised to position the country as one of the most profitable in the world for the gambling and betting industry.
Furthermore, the SPA recently published Ordinance No. 827, which details the rules and conditions for obtaining authorization to operate sports betting in the country. The document stipulates that only legal entities in compliance with Brazilian legislation, including those with headquarters and administration in the national territory, are eligible to apply for authorization. This requirement also extends to subsidiaries of foreign companies.
For international operators seeking to enter the Brazilian market, the ordinance mandates that they establish a company within the national territory and have a Brazilian partner holding a minimum of 20% share capital in the legal entity. Additionally, subsidiaries, agencies, and representations of foreign companies are ineligible to obtain a license to operate within the country.
Overall, the recent changes and appointments in the oversight of Brazil’s betting regulator signify a pivotal step towards the regulation and structure of the gambling and betting industry in the country to ensure transparency and compliance with existing laws and regulations.