Brazil opens consultation on vague betting mandate

The Brazilian government could potentially fast track legislation for regulating fixed odds betting, as Brazil’s Economic Ministry sanctions a month-long public consultation to seek guidance on regulating wagering services.

Sanctioned this week, Brazil’s Economic Ministry is reviewing legislative provisions attached to the conditionally approved ‘bill MP-846’, which aims to establish a federal gambling framework for Brazilian online and land-based gambling.

Closing 2019, the office of outgoing President Michel Temer signed the approval of MP-846 – a bill restructuring CAIXA lottery distributions, but which further allowed Brazil’s Congress to form laws regulating sports betting.

Served with a vague mandate, Brazilian legislative stakeholders have been given until the end of 2020 to establish the nation’s first federal sports betting regulatory framework, a measure which will have to be re-approved by Congress despite MP-846’s approval.

Open until 31 August, the Economic Ministry’s consultation seeks guidance on a number queries related to competition practices, regulatory models, size of the market, number of licensed incumbents and standards.

A key assessment will see the ministry weigh-up regulatory models for governing sports betting, evaluating whether to move forward on a ‘concession’ or ‘permit’ based framework.

A concession model would see the Brazilian government limit the number of available operator licences, likely requiring operators to pitch for regulated market entry, whilst a permit-based model would deliver an ‘open framework’ for licensing incumbents which meet regulatory requirements.

Further guidance is required on which government agency or regulatory body is best suited to oversee a revamped Brazilian gambling marketplace, a contentious issue as the nation’s legislative bodies have been left embarrassed by the suspended sale of LOTEX – Brazil’s state-owned scratch card operator.

Source: SBCNews

DOMENICO DRAGONE

iGaming expert - with over 10 years of experience in the retail market in Italy and knowledge of global online gaming. In the past he has worked with the largest national gambling companies and he managed some land-based shops on their behalf. Entrepreneur, investor and enthusiast of difficult challenges, in 2015 he founded The Betting Coach Group, an international news and social marketing agency geared towards sports, esports and gambling companies. He is currently the C.E.O of The Betting Coach and is a consultant for Loginbet.it Mr. Dragone collaborates with providers (game developers) and event organizers with the aim of helping them develop networks and business across continents. Passionate about journalism, he is the creator and promoter of iGaming Cafè, the first talk show in Italy, dedicated to companies and delegates from the gaming world.

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