The Brazilian Fixed-Odds Betting Market: Key Regulatory Updates and What They Mean for Operators
On July 31st, the Secretariat of Prizes and Bets (SPA) issued Ordinance No. 1,207, outlining technical requirements for online games and live game studios that must be adhered to by fixed-odds lottery betting operators in Brazil.
Crucially, “games of skill” like poker, fantasy sports, multiplayer games, and P2P games are excluded from fixed-odds classification. This exclusion is a positive move for the growth of these entertainment markets, clearly distinguishing them from the sports betting sector.
Certification entities authorized by the SPA play a pivotal role in ensuring compliance with the new regulations. These entities are responsible for testing and certifying the hardware, software, and devices used in betting systems, live game studios, and online games within the fixed-odds model.
Security is a major focus of the new guidelines. Any system failure or breach that could compromise bettors’ rights, revenue to the Union, or designated legal recipients is considered critical. Additionally, hindering access to operational data or breaching the rules governing fixed-odds betting can lead to severe penalties.
The emphasis on security and transparency indicates a strong push to reduce instances of unpaid bets and unreported revenue. The enforcement of these regulations brings urgency to the entire betting market ecosystem, from operators to software providers, who now face the task of adapting their systems to comply with the fixed-odds model and ensure the full transparency of results in the national currency.
Samba Digital is fully prepared to assist betting operators in navigating this complex regulatory landscape. With expertise in consultancy, testing, and platform optimization, as well as establishing clear communication strategies that align with market demands, we are your partner for success in the Brazilian market. Contact us today to learn more!
