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Zona de Azar Brazil – Brasil: Finance to Work with Central Bank and Federal Police to Monitor Bets

Brasil.- September 24, 2024 www.zonadeazar.com  The Ministry of Finance, led by Regis Dudena, is seeking the collaboration of the Central Bank, Federal Police, and Anatel to monitor the betting industry in Brazil.

The goal is to map the market and shut down unauthorized sites. Betting companies will be required to submit financial reports, and a working group in the Ministry of Health will address gambling addiction.

Part of the betting revenue will be allocated to the Ministry of Sports. Dudena highlighted that advertising and taxation on betting are under discussion in Congress.

Key Points:

  1. Industry Monitoring: The Ministry of Finance, Central Bank, Federal Police, and Anatel will monitor the betting industry and shut down illegal sites.
  2. Market Mapping: Authorized companies must submit financial reports to measure the size of the betting market.
  3. Working Group on Addiction: A working group in the Ministry of Health will tackle gambling addiction, including an awareness campaign.
  4. Allocation of Betting Revenue to Sports: Part of the betting revenue will go to the Ministry of Sports to promote sports activities and healthy habits.
  5. Advertising and Taxation Discussion: Congress is debating a ban on betting advertising and the implementation of specific taxes on the sector.

Editó: @_fonta www.zonadeazar.com

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