MAR 26 DE NOVIEMBRE DE 2024 - 10:52hs.
Grant of US$ 6.35m would create a monopoly

With a claim for the license fee, smaller bookmakers want to create an association

Shortly after the publication of the Provisional Measure (PM) that regulated the betting sector in Brazil, the smaller bookmakers rehearsed a reaction. Their idea was to create an association and they even looked for an institute to help them. The biggest complaint is the amount of the grant that will be charged so that they can get a license.

The estimate is that it will be necessary to pay R$ 30 million (US$ 6.35m) for a five-year permit. With that, their fear is that there will be a monopoly in the sector and that only the biggest companies will be able to operate.

However, the idea was put on hold after Francisco Manssur, special advisor to the Executive Secretariat of the Ministry of Finance, stated that the grant amount could be revised.

According to him, there may be a decrease in the value or an extension of the company's operating period in the country.

These decisions will be published further ahead through ordinances. There is still no deadline for them to be made official.

Source: O Globo