What the new regulations mean for betting operators?

With the new ordinance set out for new entrants into the Brazilian market, the stakes are being raised.

Regulated gaming benefits consumers and communities. Around the world, regulated gaming – including sports betting – ensures that bettors receive a fair and safe experience, that the sports we wager on are played on a level playing field, and that tax revenue is sent back to local and national governments.

With Brazil launching regulated online gaming, there will be increased tax revenue for the country, established protocols to ensure bettors and their information and funds are kept safe, and that the sports we love remain free of corruption.

The Brazilian Ministry of Finance Secretariat of Prizes and Betting are in the process of finalizing the new ordinance by which operators must comply. These include areas such as: data privacy and security, how certain games can function, the types of wagers permitted on sporting events, how customer identities will be verified, how player funds will be protected, and much more.

Your trusted partner of choice

• Neccton’s Mentor Live is recognised as an industry-best solution, monitoring and analysing player behaviour in real time. The technology facilitates automated player interactions as a preventative measure and enables operators to significantly increase the accuracy of their player monitoring, to reduce the cost of AML and Responsible Gaming activities.

• Our AML technology (anti-money laundering technology) allows for operators to keep a tight check on your compliance, with the ability to track and monitor the salient data and player accounts. We cover due diligence, PEP and sanction checks, advanced player analysis, as well as real-time multi-account detection.

• OpenBet Locator™ is our proprietary geolocation software that helps operators amplify their compliance capabilities with ease, delivering highly precise, flexible alternative compliance solution. Built on the backbone of Amazon Web Services (AWS), OpenBet Locator™ uses Amazon’s tried and tested technology, with a gaming focused business logic at its foundation.

For more information and to book in a demo, contact salesenquiries@openbet.com or click here.