JUE 17 DE OCTUBRE DE 2024 - 15:40hs.
New sector to be led by Eduardo Bruzzi

BBL Advogados launches gaming and betting area for the Brazilian market

BBL Advogados has just created a new area of practice focused on the gaming and betting market, under the leadership of partner Eduardo Bruzzi. The initiative aims to structure the firm to meet the legal demands arising from the new regulatory scenario for sports betting in Brazil, a sector that moves billions of reais and is rapidly expanding.

The lawyer has extensive experience in the financial market and has worked with institutions that hold a monopoly on games and lotteries in Brazil.

"The sports betting market is highly innovative and challenging. Our goal is to show the market that BBL is ready to provide comprehensive legal advice to betting companies and the financial sector, from consulting on operating license applications to sectoral regulatory compliance, involving, among other issues, financial flows between betting houses and their clients, anti-money laundering prevention, data privacy and protection, bettors’ rights, restrictions and impediments, and the trademark rights of betting operators,” says Eduardo Bruzzi.

The newly regulated sector is still in the process of adaptation, with companies obtaining their operating licenses, and the Department of Prizes and Betting, under the Ministry of Finance, establishing itself as the regulatory body in charge.

According to Bruzzi, the regulation is expected to improve over time, and the role of lawyers is crucial in helping companies comply with the current regulations. “Companies need legal support to understand the new regulatory framework and make strategic decisions in compliance with corporate, regulatory, tax, intellectual property, and consumer protection rules,” he explains.

BBL Advogados aims to act on all fronts involving the sports betting sector, offering consultancy on regulatory, tax, corporate, consumer protection, compliance, contractual, labor, and intellectual property issues.

The firm, which is already being sought out by companies in the financial and betting sectors, positions itself as a reference in providing legal support, both in advisory and litigation matters. “We are prepared to operate comprehensively with specialized teams in each area, offering complete solutions for our clients,” emphasizes Bruzzi.

With a strong digital presence and continuous content production, the firm plans to promote events and informative materials on the legal issues surrounding the betting sector. “We want to educate the market and our clients on the legal nuances of this new sector, contributing to the healthy development of the industry, job creation, tax revenue, and legal certainty,” he adds.

With the new area, BBL Advogados strengthens its ability to advise betting and financial market companies, helping them adapt to new regulations and ensuring that their operations comply with current legislation. "We are committed to assisting our clients in preparing for potential legislative changes, always focusing on ethics and corporate responsibility," concludes Bruzzi.

BBL Advogados is a firm dedicated to finding solutions to modern-day challenges in various areas of law. We represent clients from a wide range of industries in the new economy, such as fintechs, marketplaces, and startups, as well as traditional sectors like banks and construction companies.

An integrated team is the secret behind our innovative solutions for every kind of problem. We believe that being connected not only to legal techniques but also to cultural and technological advancements in society is the most intelligent and comprehensive way to enable our clients' businesses.

Source: GMB