A few weeks into the year that marks the regularization of the online betting market in Brazil, the Prizes and Bets Secretariat of the Ministry of Finance began sending out the first notifications at bets who placed their orders on time.
Confirmation of all those authorized must be published in the last fortnight of December, in a decree published in the Official Gazette. For the deadline determined by the Ministry for those who wanted to start operating regularly by 2025, responses have already started to be triggered.
“The companies that requested in this first wave have already started to be notified”, says the Secretary of Prizes and Bets at the Ministry of Finance, Régis Dudena in an interview with InfoMoney.
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As established by ordinances published throughout the year, from this notification onwards, companies have a deadline to comply with the final requirements. These are mainly, such as the payment of capital in R$30 million, payment of grant and constitution of the reserve of R$5 million.
“So far we have only notified those [bets] who complied with all the requirements, then those who have not yet complied were not notified”, says Dudena. “We are evaluating those that, in fact, will simply be denied because they did not meet requirements and those that may need to make some additional additions.”
For now, the secretariat does not disclose how many notifications were sent.
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As soon as the government checks all the declaratory documents originating the resources to comply with the adjustments, it will publish the complete list of companies authorized to operate from 2025.
According to Dudena, who was at a CBF Academy event in São Paulo this week, the profile of companies that requested authorization more promptly is different from later waves, which impacted the flow. “We realized that there is a certain difference in the quality of initial orders to those that came later, but all orders have to be analyzed in detail.”
More than 300 orders were sent, and . Companies that already operate in Brazil and missed the deadline must end the betting offer at the beginning of next year and wait for authorization to be issued.
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Starting in January, the Secretariat has a period of three years to analyze the results of the regulation and its effects. “If necessary, we can anticipate it, but the expectation is that this cycle will take place within the scheduled horizon,” said Dudena.
