The Ministry of Finance included the companies Sportvip Group International Apostas, which manages three betting sites, and Megapix Comunicação e Tecnologia, which manages one. Sportvip was released because it complied with the regulations required by the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance. The second was included by court order.
The 'Bets' on the government's list will be able to continue operating in Brazil during the transition period, which will last until the end of this year. Until then, the SPA will release the list of companies that have been definitively approved to start operating in the country as of January 1, 2025.
The expectation is that the SPA will release the names of the approved companies by November 20, and they will have to pay R$30 million (US$ 5.2m) to obtain the official license to operate. They will also have to comply with rules to combat fraud, money laundering and abusive advertising on a permanent basis, in addition to adopting practices to encourage responsible gaming.
There are now 100 companies on the National List, with 221 domains indicated, and 26 on the State List, with 31 companies in operation or in the implementation phase. In the case of the State List, it includes accreditations from the lotteries of Rio de Janeiro, Paraná, Maranhão, Minas Gerais and Paraíba. In total, there are more than 230 authorized sites.
Sigap
The deadline for submitting applications for licenses to operate sports betting and online gaming with the guarantee of evaluation by the Secretariat of Prizes and Betting ended on August 20. As of that date, 113 applications for authorization had been received in the Betting Management System (Sigap).
The government has committed to responding to the applications by 2024 so that approved companies can operate in the regulated market as of January 1, 2025.
After the government's decision to block all websites that did not submit their applications to the Ministry of Finance and the publication of the first list of companies authorized to operate provisionally until they obtain their definitive license, a flood of applications began at Sigap.
No less than 69 companies submitted their applications to the Betting Management System seeking their licenses, without the guarantee that they will be able to continue operating during the transition period. Furthermore, since they submitted their applications after the date established by the government, they will have to wait for approval to begin their operations. According to the Prizes and Betting Department, these companies now have a 180-day deadline to analyze their requests.
There are currently 259 ongoing processes, from 251 companies (that is, some have submitted more than one request) and 243 is the Sigap sequential number, since some processes were not listed due to the lack of completion of the documentation required to complete the registration.
Source: GMB
