Brazil’s federal government hasn’t made much progress with sports betting legislation, so the states are picking up the slack. Rio de Janeiro is moving forward with its own plans, and wants to have a market in place within the next six months.
The president of the Lottery of Rio de Janeiro (Loterj), Hazenclever Cançado, made the announcement during the World Regulatory Briefing on Brazil during ICE London 2023. He indicated that the regulator is finalizing a request for information (RFI) on sports betting and online lotteries.
Cançado said the sports betting process has already been opened internally, and the studies are in the final stages. He added that the online lottery process will take place after the sports betting RFI.
The RFI could be ready before the end of this month. It will likely specify that the market will rely on open accreditation, with multiple operators that could include self-regulation.
The president of the Lottery of Rio de Janeiro (Loterj), Hazenclever Cançado, made the announcement during the World Regulatory Briefing on Brazil during ICE London 2023. He indicated that the regulator is finalizing a request for information (RFI) on sports betting and online lotteries.
Cançado said the sports betting process has already been opened internally, and the studies are in the final stages. He added that the online lottery process will take place after the sports betting RFI.
The RFI could be ready before the end of this month. It will likely specify that the market will rely on open accreditation, with multiple operators that could include self-regulation.
