tapped a new leader<\/a> to take over as the Undersecretariat of Prizes and Draws.<\/p>\nAbsent any formal verification, these changes were almost certainly precursors to the formation of the sports betting regulatory regime. SECAP is now part of the Special Secretariat of Productivity and Competitiveness (SEPEC, for its Portuguese acronym).<\/p>\n
This latter organization includes the Secretariat of Competition Advocacy. The SALEPZ oversees all lottery activity and is the likely candidate to regulate sports betting.<\/p>\n
The regulatory body will have 30 days to review the documentation and notify the interested party to submit the final documents. Within 60 days, it must complete the examination of the approval of the application.<\/p>\n
Operators will now begin lining up to take a number. Bolsonaro could approve the new regulations by May 10, after which they would take effect within three months. That would set up the market just in time for the NFL season in the fall.<\/p>\n
A report by Sportico from 2021 indicates that Brazil has more NFL fans than any other country outside the US. This could serve as a springboard for a strong launch of the new sports betting regime.<\/p>\n","protected":false},"excerpt":{"rendered":"
Brazil is a step closer to expanding its gaming industry. The government has released draft rules for the sports betting segment that will find a lot of support from operators. Brazil’s gaming industry is undergoing some fundamental changes. Even though the subject of casinos is still controversial, other forms of gaming entertainment are finding more […]<\/p>\n","protected":false},"author":64,"featured_media":211912,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81884,1074],"tags":[],"acf":[],"yoast_head":"\n
Brazil Sports Betting Ready for Launch as Government Lays Out the Rules - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n