The Secretariat of Prizes and Betting (Secretaria de Prêmios e Apostas - SPA) of the Ministry of Finance, authority in charge of supervising the betting and prizes sector in Brazil, published, in the Official Gazette of 4/10/2024, its Regulatory Policy, as well as its first Regulatory Agenda, by means of Ordinance SPA/MF 561/2024.
Regulatory Policy
The objectives of the published policy are:
- To establish priority regulatory actions;
- To provide legal certainty, predictability and efficiency to the regulatory process of fixed-odds betting; and
- To provide a steady, current, transparent and attractive regulatory environment for sustainable investments
Click here for see SPAs Regulatory Agenda.
More on SPA
The Ministry of Finances website in the field of prizes and betting is still under development and should have a specific section for Commercial Promotions and another for Fixed-Odds Betting, in addition to allowing consultations on legislation, certifying entities and interested companies.
The SPA organizational chart is now available online. The need to monitor the quarter that begins remains. This is expected to be a busy quarter for SPA, given its Regulatory Agenda presented above.
The TMT – Technology, Media and Telecommunications team of Azevedo Sette Advogados follows the development of the topic and is available for addressing questions and making contributions.