Changes to Brazil's iGaming regulations and their impact on online gaming platforms
Brazil has recently introduced a new regulatory framework for the iGaming industry, aiming to professionalize and legitimize the market. The changes, outlined in Law No. 14,790 passed on December 30, 2023, regulate fixed-odds betting in the country [1].
Foreign operators seeking to enter the Brazilian iGaming market must obtain a federal license from the Ministry of Finance’s Secretariat of Awards and Bets (SPA) [1]. This requires passing a qualification stage, completing post-qualification requirements such as platform certification and payment of license fees, and complying with Brazilian regulatory standards to gain full authorization to operate [1].
One of the key requirements for licensed companies is platform certification to confirm compliance with technical and regulatory requirements. Companies like Sportingtech, for instance, have obtained Gaming Laboratories International (GLI) certification tailored to Brazil’s rules [5].
Licensed operators must also align with Brazilian financial transaction regulations and may partner with licensed payment institutions to handle local payment systems like “PIX” [4]. Verification checks for licensed companies include qualification evaluation by SPA, completion of platform certification, payment of stipulated licensing fees, ongoing regulatory oversight via digital monitoring systems such as the Betting Management System (SIGAP), and compliance with local tax and promotional regulations [3].
Operators must also adhere to integrity, responsibility, and honesty standards outlined in the regulations. To further clarify these changes and address frequently asked questions about regulatory compliance, verification, and automated solutions, Sumsub has launched a bi-weekly Q&A series [2].
Moreover, the new regulations emphasize responsible gambling protocols, including self-exclusion mechanisms and stringent deposit limits [1]. Anti-Money Laundering (AML) measures, such as Know Your Customer (KYC) checks and ongoing monitoring, are also required [1].
Ricardo Mendivelso, Business Development Manager at Sumsub, will discuss these changes in the Q&A series. New answers will be published every other Thursday on The Sumsuber and Sumsub's social media platforms. The Q&A series encourages followers to submit their own questions to Sumsub's Instagram and LinkedIn.
This week's Q&A will focus on the changes to Brazil's iGaming regulations and their impact on platforms. The Q&A series will feature experts from legal, tech, and other fields. For more information about Brazil's new regulatory framework for the iGaming industry, follow the provided link to read the complete guide.
[1] Brazil's iGaming Regulations: A Comprehensive Guide [2] Sumsub's Q&A Series on Regulatory Compliance, Verification, and Automated Solutions [3] SPA's Guide to Regulatory Oversight for Licensed Operators [4] Brazilian Financial Transaction Regulations for iGaming Operators [5] Gaming Laboratories International's Brazil-specific Platform Certification
- Given the new regulatory framework in Brazil, sports platform providers like Sportingtech are working to ensure their platforms comply with the specific rule set, such as obtaining GLI certification tailored to Brazil’s regulations.
- Brazil's recent changes to iGaming regulations emphasize responsible gambling, incorporating self-exclusion mechanisms and stringent deposit limits, as well as reinforcing Anti-Money Laundering (AML) measures like Know Your Customer (KYC) checks and ongoing monitoring.
