Brazil’s Ministry of Finance has taken steps to address the certification bottlenecks that emerged as the country’s regulated betting market launched on January 1, 2025. The Secretariat of Prizes and Betting (SPA) introduced Normative Instruction No. 3/2025 on January 14 to streamline technical certification requirements and alleviate delays faced by operators during the application process. Certification Delays and Provisional Licenses Brazil’s newly legalized betting market saw significant interest, with 113 companies submitting applications before the August 2024 deadline. Among these, 14 operators secured full licenses, while 52 were granted provisional authorizations. These temporary licenses allowed operators to commence activities while their applications were finalized. Initially valid for 30 days, provisional licenses can be extended if certifying entities require additional time to complete evaluations. The SPA’s directive aims to resolve these delays by standardizing certification procedures and providing clear documentation guidelines. Operators must submit technical certificates for betting systems, sports betting servers, remote game servers, and other required documents via the… Read More
Category: News
Source: Casino News Daily
