Brazil government forms Secretariat to supervise conduct of betting sites

Brazil has advanced the launch of a regulated federal sports betting marketplace in 2024, as the Ministry of Finance fulfills the key requisite of forming a Special Secretariat to monitor and report on market activities.

Detailed via a decree published by the Ministry of Finance, the Brazil Bets marketplace will be supervised by the – the Secretariat of Prizes and Betting.

The decree detailed that the Secretariat’s primary function is to support the Ministry of Finance, in its duties as the principal authority governing the laws of Brazil’s federal sports betting marketplace.
 
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