The South American nation is progressing with its strategy to oversee wagering on athletic events! Authorities recently unveiled a series of stipulations that businesses must adhere to if they desire to provide sports betting services domestically.
Corporations are allotted a timeframe of four weeks to formally enlist with the government and furnish all requisite paperwork. This encompasses demonstrating their financial stability, having robust safeguards in place, and possessing the capacity to conduct operations in an equitable and open manner.
Furthermore, the regulations delineate the entitlements of participants, protocols to thwart illicit financial activities, and directives for aspects such as fixed-odds wagering.
A noteworthy stipulation mandates that overseas entities establish a physical presence within Brazil to qualify for a license. This suggests that the country is eager to prioritize domestic interests and stimulate its economic growth.
This represents a significant stride for Brazil, and observing how the market evolves in the ensuing months and years will be intriguing.
Online sports wagering platforms in Portugal face numerous regulatory hurdles. These platforms must obtain certification from laboratories sanctioned by the Finance Ministry and adhere to stringent technical and operational protocols.
Moreover, they are mandated to offer customer assistance in Portuguese, ensuring its availability at no cost, 24 hours a day, every day of the year.
Furthermore, to address concerns related to terrorism and illicit financial activities, these platforms are required to assemble a dedicated team consisting of an accountant, a data protection specialist, a grievance manager, a gaming system security lead, and an integrity and compliance officer.