Unlicensed Brazil Betting Operators to be Suspended October 1
Brazil operators who haven’t submitted a betting license application will start getting their operations shut down by October 1.
Operators who fail to obtain a license will face severe penalties from January. (Source: Assy, Pixabay)
LISTEN TO THIS ARTICLE:Starting October 1, the National Treasury of Brazil will begin suspending operators who haven’t submitted an application to offer betting activities in the country. Players will be given a 10-day grace period to withdraw their funds before shutting down the site.
Operators that have already submitted licenses can continue operating until December 31. In the licensing process, they were mandated to inform SPA of the brands and domains they intend to operate from October 1 to December 31 during the adaptation period. However, new applicants who aren’t yet active in the state will need to wait until January 1 to go live, provided their application is successful.
During its 90-day priority window, Brazil’s gaming regulator, the Secretariat of Prizes and Bets (SPA), received a total of 113 betting applications. While the SPA is currently reviewing these requests, it has assured operators that applied within the timeframe of licensure by January 1.
Earlier this month, the regulator reopened the betting accreditation application window to meet the high demand for regularization in the state. Starting September 5, companies were given 15 days to submit their applications.
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Operators who fail to obtain a license will face severe penalties from January, including a BRL2 billion fine ($354 million) and up to a 10-year license application ban.
Also, from October 1, all legal operators in Brazil must use the Bet.br domain, enabling the SPA to differentiate legitimate sites from illegal ones.
The new regulations are contained under Normative Ordinance No 1,475, which outlines stricter licensing requirements for betting operators in Brazil.
From October 11, the treasury will partner with agencies like the Ministry of Justice and Public Security, the Central Bank of Brazil, and the National Telecommunications Agency Anatel to crack down on unlicensed gaming sites. The Brazilian government will also restrict payments to offshore betting companies through Pix, a widely used instant payment service regulated by the Central Bank of Brazil.
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