The South American nation of Brazil is implementing stricter regulations on the advertisement of wagering activities. Commencing at the end of October 2024, gaming entities will be prohibited from providing incentives such as complimentary wagers or other promotional offers to attract new customers. This directive originates from Brazil’s regulatory body for the sector, the Secretariat of Evaluation, Planning, Energy and Lottery (SECAP). The organization is resolute in its enforcement, permitting no exceptions or creative interpretations of the rules. Furthermore, they have stipulated that all payouts must be disbursed electronically within a two-hour timeframe following the conclusion of the event. Traditional payment methods such as physical currency, paper checks, or digital currencies are no longer permissible. These revised regulations form part of a broader initiative to establish a more regulated and accountable gaming landscape within Brazil.
Brazils gaming sector is alive with recent developments. The past week alone has witnessed a surge of collaborations and green lights: Pragmatic Play partnered with PixBet, Fast Track aligned with Aposta Ganha, and Ecogra even secured certification within Brazil. Furthermore, NeoGames and Caesars solidified their own agreement. As soon as the last of the regulations on this matter are published, the countdown begins for all stakeholders to participate.
admin