JUE 28 DE NOVIEMBRE DE 2024 - 17:30hs.
Gustavo Guimarães spoke with Globo’s Valor

For new Secap’ Secretary, "the regulation of lotteries and sports betting is urgent"

Gustavo Guimarães, who has just taken over as Secretary of Evaluation, Planning, Energy and Lotteries (Secap) of Brazil’s Ministry of Economy, highlighted to Valor that he intends to emphasize the issue of lotteries, mainly as a mechanism for generating resources for public accounts and improvement in the fiscal result. “I look at lotteries as a huge window of opportunity for fundraising. What is not regulating is still a world, and it is what is growing the most”, he stressed.

The topic of policy assessment visibly excites the new head of Secap. He points out that one of the priorities of his management will be to regulate and implement a systematic review of policies before they are effectively launched and executed, the so-called "ex-ante" evaluation, whose objective is to seek to produce program designs that are more compliant with the existing best practices.

“We want to make this discussion not only in the Executive, but also involving the Legislative projects,” said Guimarães. “We are going to become more participative in the process of building public policies in the Legislative. Today, a proposal in Parliament can be processed very quickly and the Executive will sometimes only manage to interact well with sanctions and vetoes, which are very limited instruments,” he added.

During his term at Secap, Gustavo Guimarães also highlights that he intends to emphasize the issue of lotteries, mainly as a mechanism for generating resources for public accounts and improving the fiscal result.

The Evaluation, Planning, Energy and Lottery Secretariat is in charge of the governance of prizes and drawings, carrying out the regulation of lotteries, commercial promotion and early capture of popular savings, with a view to defending competition. In addition, it currently plays a key role in the regulation of sports betting that has been legalized in Brazil since the end of 2018.

“I look at lotteries as a huge window of opportunity for fundraising. What is not regulating is still a world and it is what is growing the most. The regulation of these lottery possibilities, such as sports betting, is urgent,” stated Guimarães in an interview with Valor Econômico.

Palácio do Planalto estimates that it can raise between R$ 4 billion and R$ 10 billion just with the regulation of sports betting, not counting the taxation on the activity. The responsibility for regulating the 2018 law lies with the Department of Evaluation, Planning, Energy and Lottery of the Ministry of Economy (Secap-ME). According to the current secretary, Waldir Eustáquio Marques Jr., the regulation should come out in July this year.

"Sports betting has some peculiarities, different from traditional lotteries, and involves very strong technology requirements that need to be thoroughly studied, such as the integrity of the sport, prevention of money laundering, and prevention of the pathology of vulnerable players," said Marques last January.

Source: GMB