Category: Laws
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Advantages of the Curaçao License
Curaçao is an island located in the Caribbean and a constituent nation of the Netherlands, known for issuing the oldest e-gaming license in the market. Gambling regulations on the island were established in 1993, and in 1996, local authorities began granting licenses for online gambling. With high regulatory efficiency and favorable tax policies, Curaçao has…
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What To Expect from the Changes to the Curaçao License?
In recent years, the online gaming sector has expanded rapidly, and Curaçao has established itself as one of the top destinations for obtaining gaming licenses. The island is widely recognized as an offshore business hub, attracting new operators due to its flexible approach and easy approval process. However, with the growth of operations and the…
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New Rules for Fixed-Odds Betting Authorization in Brazil
On Wednesday (22), the Ministry of Finance’s Prizes and Betting Secretariat published Ordinance SPA/MF No. 827 dated May 21, 2024, establishing rules for fixed-odds betting and conditions for commercial exploitation of fixed-odds lottery betting nationwide. Legal entities in Brazil since Law No. 14,790/2023 must comply with new provisions by December 31, 2024, or face penalties…
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Normative Instruction on Online Betting Social Contribution in Brazil
The Brazilian Federal Revenue Service (RFB) announced a significant change in Normative Instruction on Online Betting RFB No. 2,005, of January 29, 2021. The amendment, published in Normative Instruction RFB No. 2,188, of April 29, 2024, concerns the “social contribution incident on the lottery modality called fixed-odds sports betting.” In other words, this change has…
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Restrictions On Financial Transactions In Brazilian Betting Sector
On April 18, 2024, the Brazilian Secretariat of Prizes and Betting of the Ministry of Finance (SPA/MF) published Normative Ordinance SPA/MF No. 615, with the general rules to be observed in payment transactions carried out by betting operators. Among these rules, there are several restrictions for the sector. The prohibitions established in this Ordinance are…
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New Financial Rules for Transactions In Brazil in the iGaming
The Brazilian Ministry of Finance has implemented financial rules for transactions in Brazil for sports betting and online gaming, so it could enhance security and transparency. Below are the main points of ordinance 615/2024: Safety for Bettors The regulation aims to safeguard Brazilian citizens participating in sports betting or online gaming by overseeing fixed odds…
