Neto will take charge of the newly created role to ‘coordinate and supervise the economic development of Brazilian sports’, benefiting from the launch of the Bets market—the federal framework that will regulate online betting and gaming in Brazil in 2025.
The government’s gazette noted that Neto had served as a counsellor of the Ministry of Sport, where he led the Committee of Integrity, Rights and Duties in Betting and Gaming. The Committee provided the Ministry of Sport with feedback on integrity protections and safeguards to finalise the modalities of the Bets market.
Neto’s role will be independent of the Secretariat of Prizes and Betting (SPA), the department that serves as the regulatory authority of Brazilian gambling, led by Secretary Regis Dudena, reporting to the Ministry of Finance.
In his remit, Neto will report to Sp..
