Representatives from the Ministry of Finance and Abaesp will be heard this Tuesday (3) by members of the Parliamentary Inquiry Committee (CPI) on Gambling and Sports Betting (CPIMJAE). The meeting is scheduled for 2:30 p.m. and should address financial transactions and mechanisms to prevent suspicious operations.
The guest speaker from the Ministry of Finance is the Secretary of Prizes and Betting, Regis Dudena. He must provide information on payment transactions for the purpose of placing fixed-odds bets. According to Senator Carlos Portinho, author of the request for the hearing, Law 14,790 of 2023 establishes several rules for these transactions, and it is necessary to know whether they are being complied with.
“Financial and payment institutions that allow transactions related to bets must follow rules and store certain data to enable the government to track suspicious and criminal movements, such as money laundering. Therefore, it is essential for this CPI to know details about the mechanisms used by betting operators for their payment transactions,” said the senator in the request.
Second part
In the second part of the meeting, Rodrigo Alves, President of the Brazilian Sports Betting Association (Abaesp), will be heard. He will explain the role of sports betting companies in combating and preventing the manipulation of sports results. The request for the hearing is also from Senator Carlos Portinho. He hopes to clarify the internal policies and guidelines that govern the operations of sports betting companies in the country.
According to the congressman, the testimony will help to understand the mechanisms of cooperation between companies and sports and judicial authorities. It should also clarify how information is shared to identify suspicious betting patterns. According to the senator from Rio de Janeiro, this will allow for a debate on the prospects for the sports betting market in Brazil and the regulatory challenges.
According to the request, the sports betting market moves billions in Brazil. In his justification, Portinho cites reports from the Central Bank according to which Brazilians spent around R$54 billion (US$ 9.6bn) on online games and bets in 2023; and a report from brokerage firm XP, released in early 2024, which estimates the movement of this market between R$100 and 120 billion (US$ 17.8bn and US$ 21.4bn) per year.
Source: Agência Senado
