The letter to the sports betting and online gaming companies was sent to the operators this Thursday (21) and requires that they present their policies to prevent money laundering and financing of terrorism.
Each company must “detail the criteria and actions foreseen for the different occurrences,” according to the department. “Failure to comply with these determinations may result in sanctions,” determines the SPA. The deadline for submitting the reports was set for March 17.
Both companies offcially licensed and those that received favorable court decisions to continue their operations in Brazil received the official letter and must comply with the SPA’s determinations.
Since January 1, 2025, the fixed-odds betting market has been operating under regulation in Brazil. There are 70 companies authorized by Finance to operate online bets in Brazil and 72 paid concessions, as Poder360 found out. This is because two of these companies obtained two authorizations each. In all, 155 brands are able to operate in the regulated betting market.
Source: GMB
