February 21, 2023
Brazil is on the brink of entering an unprecedented phase in the betting sector, with the imminent implementation of regulations and preventive measures aimed at strengthening and controlling a market that plays a crucial role in the country’s sports and economic landscape.
“As experts in the field, being part of this moment is a valuable opportunity for FAS Advogados to share knowledge and best practices,” said Fernanda Meirelles, partner of the Media & Gaming department at FAS Advogados, also a sponsor of the event. “We are committed to providing relevant insights into the Brazilian betting market during our participation in the SBC Summit Rio.”
The regulation of betting brings benefits not only to the Brazilian government but also to consumers and the betting platforms themselves. “It is important to bear in mind that the betting market in Brazil is an undeniable reality, and consumers today turn to offshore platforms to engage in this practice, without a means to claim their rights in cases such as non-payment of prizes,” emphasized Fernanda. “Knowing and adhering to the rules of the game provides security and credibility to an activity still marked by much prejudice in the country.”
However, Fernanda points out that there is much work ahead, especially regarding online games, responsible for approximately 70% of the revenue of betting platforms. The meticulous definition of the concept of these games in the legal standard is essential to avoid ambiguities.
The SBC Summit Rio, scheduled for March 5, 6, and 7, 2024, at the Windsor Barra, promises to be a crucial event for the sports betting sector in Brazil. Fernanda Meirelles will participate in the “State vs. Federal License” panel, addressing the confrontation between federal and state licenses in betting. The event will bring together key industry leaders and regional experts to discuss critical aspects such as regulatory structures, product offerings, sports integrity, and sponsorship opportunities.
The SBC Summit Rio is aimed at decision-makers from operators, affiliates, sports clubs, regulatory bodies, and other stakeholders in the sector who wish to stay updated on the dynamic Brazilian sports betting market.
For more information about the SBC Summit Rio and to secure your participation, visit the official event website at https://sbcevents.com/sbc-summit-rio/.
