Brazil Online Gaming
The deadline has now passed for sports betting and online gaming operators to register a preliminary expression of interest in applying for a license. However all is not lost. If you wish to be considered in the second round of applications.
Act Now!
Contact Us To Get Started
Welcome
To Brazil Online Gaming
The Brazilian government is now considering the applications of the first round of interested operators who filed their expressions of interest by November 26, 2023. It is still open to file a no-fee, non-binding expression of interest to be considered in the second round.
Who Are We?
We are a consortium of experienced lawyers and gaming experts representing the very pinnacle of professional advice from Brazil, the USA, Canada and Europe.
What Do We Do?
Brazil Online Gaming Consultants provides end-to-end assistance to non-Brazilian operators who wish to operate legally in the Brazilian market.
Every relationship is unique and bespoke. In broad principle operators who desire the assurance of engagement with independent advisors who know the market, the culture and the people may look to us for:
Our Fees
All work is billed on a time-spent basis, plus disbursements if any. Hourly rates vary from $50 USD for secretarial work to $895 USD for the most senior lawyers in Washington. A budget is agreed for all contracts. Centralized service is provided from Canada, and invoices are payable in Canadian or US dollars. The consulting team does not provide services in Brazil but will refer operators to trusted professionals in Brazil for legal, accounting and other services as required.
Who Are We?
We are a consortium of experienced lawyers and gaming experts representing the very pinnacle of professional advice from Brazil, the USA, Canada and Europe.
Entering the Brazilian Market
Entering any new market is a challenge. Brazil has a large population with significant pent-up demand for regulated sports betting. There are significant requirements for entry, though there is presently no limit set to the number of concessions which may be granted.
Operators will be required to submit, as part of the application process, documents proving their legal qualification, tax and labor compliance, financial and technical qualification.
While initial expressions of interest may come from non-Brazilian corporations, grant of a license to operate will require establishment of a domestic entity in Brazil.
The following specific requirements must also be met:
Corporate governance structure compatible
with the complexity with
the complexity and risks of
sports betting;
Integration with national
or international
organizations for
monitoring integrity;
Have policies to prevent
match-fixing, money laundering,
financing of terrorism and
proliferation of weapons of mass destruction.
The following specific requirements must also be met:
Corporate governance structure compatible
with the complexity with
the complexity and risks of
sports betting;
Integration with national
or international
organizations for
monitoring integrity;
Have policies to prevent
match-fixing, money laundering,
financing of terrorism and
proliferation of weapons of mass destruction.
An applicant may NOT have among their partners or controlling shareholders, officers or indirect owners people who hold interests in public football companies or professional sports organizations.
There are also specific requirements regarding bettor deposits: operators will not be permitted to accept cash, credit cards, bank slips or third-party remittances. Further, sites must provide bettors with the ability to set daily limits on playing time, maximum losses, pause periods and self-exclusion.
Responsible gaming is a central theme in the legislation as presently proposed, requiring practices to prevent compulsive gambling, inducement of debt, and to protect vulnerable people. Advertising and marketing must be clear about odds and potential winnings, and prohibit use by persons under 18. Gambling may not be presented as socially attractive, or a contributor to personal success.
Operators must commit to making live customer service available 24/7, in Brazilian Portuguese.
Act Now
Companies who wish to apply for a license must submit a non-binding expression of interest, in Portuguese, on the prescribed form.
Contact
We are happy to correspond in: English, French, Hebrew, Italian, Portuguese or Spanish.
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