The unit, named ‘GTI-Bets’, has been formed through a cooperative arrangement with the Federal Revenue Service. As detailed by SBC Notícias Brazil: “GTI-Bets aims to monitor the behaviour of the online gaming and sports betting sector concerning fiscal compliance and the maintenance of requirements for authorised legal entities.”
Beyond its monitoring role, the unit will support Brazilian authorities and investigative bodies in identifying illegal activities that threaten the integrity of the Bets market, including money laundering, criminal transactions, and unlicensed operations.
The Federal Revenue Service supported the creation of GTI-Bets to enhance tax efficiencies related to the period before authorisation for entities operating within the Bets market.
GTI-Bets will com..