Grupo Globo is accredited by the Ministry of Finance to operate betting in Brazil

Grupo Globo is accredited by the Ministry of Finance to operate betting in Brazil
Grupo Globo is accredited by the Ministry of Finance to operate betting in Brazil
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O Globo Group was one of 134 companies that expressed interest in exploring the sports betting sector, whose regulation was sanctioned by President Luiz Inácio Lula da Silva on December 30th.

The expression of interest was made after a consultation by the Ministry of Finance with companies in the sector, carried out in October. Among several companies that already operate in Brazil and have sponsorships in national sport, such as Betano, Galera.bet, 1xBet and Pixbet, is DFS Entretenimento LTDA, the arm that manages Grupo Globo’s fantasy game products, such as Topper and the Cartola Express.

Sought to comment on the matter, DFS reported that the exploration of sports betting could be another business lode for Brazil’s largest media and entertainment company.

“DFS, a Grupo Globo company, is attentive to new business opportunities. Based on the new regulations, the company is studying the potential of the sports betting segment in Brazil, as well as a possible evolution of the fantasy segment”, stated the company, through its press office.

Regulation

With the regulation, companies will have to pay a licensing fee of R$30 million, valid for five years, which gives the right to explore sports betting in the country using up to three different brands.

Accredited companies will pay a 12% tax on their revenue, while bettors will have to pay 15% on the net value of the prizes obtained.

Last Tuesday (30), the Ministry of Finance created the Prizes and Betting Secretariat, which will take care of the regulation and inspection of sports betting and online games.

The secretariat will also be responsible for authorizing the payment of prizes, operating lotteries, combating money laundering, monitoring the betting market and actions to prevent ludopathy (gaming addiction). In total, the new agency will have three sub-secretariats, with 38 federal employees hired.

The article is in Portuguese

Tags: Grupo Globo accredited Ministry Finance operate betting Brazil

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