By SectorWire desk ·
The report said that Brazil’s SPA opened a consultation on fixed-odds betting rules. The proposed ordinance would define conditions for operator authorisation.
The consultation allows input on requirements for betting operator approval.
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The reported framework interruption affects responsible gambling and sports integrity in a regulated market serving 15.1 million bettors.
Betting platforms face SPA’s pledge of stricter sanctions as Mariana Piccoli takes charge of sanctioning action.
SPA’s conference participation brings Brazilian regulators into discussions with international authorities about the gambling market’s future.
Banks have rules for blocking unauthorised betting operators’ accounts and identifying potentially fraudulent transactions.
The enforcement includes domain blocking, financial penalties and an activity suspension, with proceedings covering responsible gambling and advertising breaches.
SPA's proposed restrictions target accelerated rounds and automatic repeat betting, contingent on rules governing supplier relationships.