VIE 22 DE NOVIEMBRE DE 2024 - 03:24hs.
Official position of IBJR member companies

The Brazilian betting market expresses its full support for Minister Luiz Fux measures

The Brazilian Institute for Responsible Gaming (IBJR), an entity that represents 75% of the local online betting market, supports the measures contained in the preliminary injunction issued by Minister Luiz Fux of the Federal Supreme Court, which determines the prohibition of advertising to minors and of betting by beneficiaries of Bolsa Família and other welfare programs. The measures have been defended by the institute throughout the discussions on the regulation.

In a decision published this Tuesday (12), Minister Luiz Fux determined that the government immediately adopt measures, provisions such as "special protection," to prevent the use of resources from welfare programs for bets, including Bolsa Família and the Continuous Benefit Payment (BPC).

The decision also establishes that the rules provided for in the federal government ordinance that prohibit the advertising of external betting sites to children and adolescents must be immediately applied.

The granting of advertising to minors is practiced by companies associated with the IBJR. The institute's guidelines for members clearly establish that gambling should only be practiced by those over 18 years of age.

IBJR members take the decision to allow minors to bet on their platforms very seriously, in compliance with the legislation and also with the Statute of Children and Adolescents. This, of course, includes advertising,” argues the CEO of the IBJR, Andre Gelfi.

The institute, in this same direction, understands that combating illegal gambling should also be a priority. “The regulations drawn up by the Prizes and Betting Secretariat of the Ministry of Finance and reinforced by the IBJR place fundamental limits on the promotion of responsible gambling. Even so, there is a strong underground market that exposes minors to nighttime advertising. This must be intensely monitored and combated by everyone,” reinforces Gelfi.

Regarding the restriction on betting by beneficiaries of social programs such as Bolsa Família, the decision is in line with the IBJR's position of protecting more vulnerable groups.

IBJR members continue to support the measures taken by the Ministry of Finance to implement this restriction. We share the idea that gambling needs to be responsible, respecting each person’s financial limitations,” explains the IBJR CEO.

These and other measures are in line with the Manifesto that sets out IBJR’s position on the regulation of the betting market and in defense of responsible gambling.

The Brazilian Institute of Responsible Gambling (IBJR) was founded in March 2023 by some of the main international betting companies: bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, Netbet Group, KTO Group and Rei do Pitaco. Other companies soon joined as members, including LeoVegas, Novibet, Kaizen Gaming and SkillOnNet.

Its member companies are OKTO, Pay4Fun, Better Collective, Clever, OneKey Payments, Volta para Marcar and Geo Comply.

Source: GMB