Yesterday, the Secretariat of Prizes and Betting (SPA), the department that will serve as the federal gambling authority of Brazil, submitted Ordinance No. 1,207 to the government.
The document outlines technical requirements for operating online games and live game studios as required by Law No. 14.790 (Betting Law) – which constitutes the regulatory framework of the Brazil Bets Market.
New ordinances are further required to amend rules and criteria related to fixed-odds games supplied by lottery operators prior to the Betting Law.
Significantly, the SPA provides its legal interpretations for the online criteria of multiplier systems, table games, fixed-odds games, live studio games, multi-player games, and fantasy sports. As such, the SPA provides two annexes to break down key requirements..
