Among the steps already taken by Betfair are the proof through documents submitted to the Ministry of Finance regarding:
-Technical experience in the sector
-Proof of minimum share capital
-Implementation of robust security systems to prevent fraud, match-fixing and money laundering
-Compliance with the LGPD - General Data Protection Law, ensuring the secure storage, protection and consented use of sensitive data
-Provision of Customer Service and Ombudsman channels, such as electronic and telephone support, in addition to an ombudsman for communication with the government
-Disclosure of responsible gaming practices
-Guarantee of continuous and unrestricted access to systems for auditing and inspection by the Ministry of Finance, among others
Kimberly Daly, General Director of Betfair International, said: “This is a very important moment for Betfair. We are rigorously following each of the necessary requirements and, so far, we have complied with all of the requirements established for bookmakers to obtain the Brazilian license. It is also yet another unquestionable demonstration of our commitment to the responsible development of the online betting sector in Brazil.”
“We are proud and excited to take this next step in the journey that began six years ago, which will allow us to continue bringing our Brazilian customers and sports enthusiasts the best entertainment experience,” added the executive.
Betfair continues to offer its betting services on the Betfair Sports, Betfair Exchange and Betfair Casino platforms, as authorized by Brazilian law. The company is also a founding member and actively participates in the Brazilian Institute of Responsible Gambling (IBJR), which helps shape the development of robust and modern regulations aligned with global best practices.
One of the largest online sports betting providers in the world, Betfair is an official sponsor of the Cruzeiro and Vasco da Gama teams. The company, founded in London (ENG) in 2000, pioneered the offer of peer-to-peer betting (Betfair Exchange) and manages a full range of sports betting, entertainment events and online gaming products for more than four million customers over the age of 18 worldwide.
Thanks to its cutting-edge technology, the platform offers a wide range of products that allow you to bet with your own odds and odds offered by other users. Betfair is licensed to operate online betting and other gaming services in 19 countries, including Spain, Italy, Malta and the UK. Please play responsibly.
Source: GMB
