Octus Legal iGaming’s Post

As I mentioned in an earlier post, the race to file for authorization from the Secretariat of Prizes and Bets from the Brazilian Ministry of Finance is on! Congratulations, Kaizen Gaming (Betano) team, for the lead! #igaming #bets #sportsbets #sportslaw #onlinebetting #regulation #compliance #gamingindustry https://lnkd.in/dbPHhuTt

Brazil: With 11 days to go until the deadline and just 10 operators having already submitted their application, time is very much of the essence. Perhaps a further 40-50 operators could apply by August 20th. A few key takeaways from today's webinar: 1. 58% of Brazilian bettors deposit less than 50 R$ pcm 2. 20m - 25m active monthly sports bettors (for reference UK is 5-7m) 3. Operator CPAs are 150 - 200 R$

The Brazilian Ministry of Finance has released a list of companies that have applied for licenses to continue operating in iGaming and Sports Betting under the new regulation. The official list of approved companies is expected to be announced starting from November 20, 2024. Looking forward to seeing the updates! Source: iGaming Brazil https://lnkd.in/du-X5Xgg #iGaming #SportsBetting #Brazil #Regulation #Licensing #BrazilianMarket #GamblingIndustry #BettingCompanies #iGamingBrazil #Compliance #GamblingRegulation #BusinessUpdates #Atlaslive

Let’s Talk About the Regulated Brazilian Market! We’ll be waiting for you at Stand F71. - Vamos falar sobre o mercado Brasileiro Regulado? Esperamos você no Stand F71 #SBC #SBCSUMMIT #SBCLATINOAMERICA #Igaming #PAAG #Payments #casino #onlinecasino

PayBrokers boosts operations of iGaming giants in Brazil 🇧🇷 Follow the link below for the iGaming Brazil article on our strategic partnership with Grupo Esportes da Sorte; “Various aspects of our operations have improved after incorporating PayBrokers services. From transaction efficiency to customer satisfaction," says Darwin Filho, CEO of Grupo Esportes da Sorte. PayBrokers, one of the leaders in financial transactions for the iGaming sector in Brazil, strengthens its reputation and authority in the market by being highlighted as a strategic partner by Esportes da Sorte, one of the leading and most influential companies in the segment in the country. PayBrokers, a specialist in mass payment solutions, offers extremely high conversion rates and great reliability for Esporte da Sorte's operations. This partnership has been crucial to the company's success, demonstrating the positive impact of PayBrokers' services on the sector. Darwin Filho, CEO of Grupo Esportes da Sorte, highlights the robustness of PayBrokers' technology. "Various aspects of our operations have improved after incorporating PayBrokers' services. From transaction efficiency to customer satisfaction, as well as fostering a productive and highly cooperative environment," says Darwin, emphasizing the strength of the financial solutions offered by the company. PayBrokers is authorized as a Payment Institution (IP) by the Central Bank and currently processes approximately 100 million PIX transactions per month, establishing itself as an essential solution in the payment infrastructure of the iGaming industry. With the trust of major market players like Esportes da Sorte, PayBrokers highlights its leadership and expands its influence, demonstrating the ability to handle large transaction volumes with security and efficiency. "The excellent services and adaptability of PayBrokers give us complete peace of mind to face any challenges that may arise and to seize future opportunities," concludes Marcela Campos, VP and CFO of Grupo Esportes da Sorte, emphasizing the success of the partnership with PayBrokers. "At PayBrokers, our commitment is to offer robust and innovative financial solutions that drive the growth of our partners in iGaming, such as Esportes da Sorte. We believe that our success is directly tied to the success of the brands we collaborate with," says Edson Lenzi, CEO of PayBrokers.

The recent arrest of Esportes da Sorte's CEO, Darwin Henrique da Silva Filho, and his wife has sent shockwaves through Brazil's iGaming industry, as the country moves towards a regulated market launching on January 1, 2025. Esportes da Sorte, one of 114 operators applying for a license, faces increased scrutiny during this ongoing investigation, raising concerns about the vetting process. Key regulatory milestones include the implementation of stricter gambling taxes and partnership requirements. Blask and NEXT.io have closely tracked the market developments, and here are the insights: on September 4, Esportes da Sorte's Blask Index was 853K with a peak relative market share (RMS) of 15.91%. Following the arrest, RMS dropped to 12.70% by September 7, though the Blask Index rebounded to 1M by September 15. Top competitors (Sept 4–7) Betano maintained the lead, with its Blask Index growing from 870K to 1.5M. bet365, Sportingbet, and Betnacional also showed notable growth during this period. For more details, read the full article (link in the comments). #iGaming #MarketAnalysis #EsportesdaSorte #BrazilGaming #RegulatoryUpdates #BettingIndustry #GamingMarket #BlaskIndex #Blask

🌟 Exciting News for the iGaming Industry in Brazil! 🌟 🎉The Secretaria de Prêmios e Apostas do Ministério da Fazenda (SPA/MF) has just published the official document (ordinance) on Portaria SPA/MF nº 827, and it’s a game-changer! 🎉 🔍 What’s It All About? This groundbreaking rules/ordinance sets the stage for private economic agents with the rules and conditions for obtaining authorization (a license) to operate fixed-odds betting and online gaming in Brazil. 🇧🇷 📋 Key Points: Authorization Criteria: Companies seeking authorization must meet legal, fiscal, and labor requirements. Integrity, financial qualification, and technical expertise are also essential. Robust Governance: Authorized companies must have robust governance structures to protect bettors and ensure compliance with anti-money laundering and responsible gaming policies. Brand Power: Once authorized, companies can operate up to three commercial brands in Brazil for five years. Existing Players: Companies already active in Brazil have until the end of 2024 to obtain authorization. Penalties Await: Unauthorized companies face penalties starting from January 1, 2025. First Authorizations: The SPA/MF aims to issue the first authorizations by the end of the second half of 2024. 🚀 Why Is This Exciting? The iGaming industry in Brazil is poised for growth! With this new framework, companies can tap into the Brazilian market, offering exciting betting experiences while adhering to strict regulations. 🎰 🔗 Read the Full Document: https://lnkd.in/enm6Gv_a 📢 Share the News! If you’re passionate about iGaming, spread the word! Let’s make Brazil’s betting landscape even more thrilling! 🙌 Disclaimer: This post provides a summary of Portaria SPA/MF nº 827. For legal advice or detailed information, consult the official document. 📄 Sources: Portaria SPA/MF nº 827 https://lnkd.in/enm6Gv_a Secretaria de Prêmios e Apostas do Ministério da Fazenda https://lnkd.in/evUKF8yk #Brazil #GamingRegulation #BettingIndustry #SportsBetting #OnlineGaming #iGaming #Gaming #Betting #Slots #Casino #iGaming #Brazil #Lottery #Regulations #BusinessNews

If you are going to SBC Summit Rio let me know and we can have a chat about the future of global money remittance and security.

🎲 Online betting and slots are booming, offering fun and secure entertainment. A key player in the iGaming legalization field is the Curaçao eGaming, known for its reliability and ease of use. 🌟 Curious about Curaçao eGaming license and why licensing is crucial for online casinos, especially in Brazil? Check out my latest article to learn more about this popular licensing option and its benefits. 🔗 Read the full article here:  https://lnkd.in/gQ3UbaqR #eGamingCuracao #iGaming #Brazil #Casino