Updated regulations for gambling in Brazil: Requirement for distinct domain and player income disclosure
Rewritten Article:
Hey there! Let's talk about the shake-up in the gambling world. Seems like authorities in the country are drawing up some new rules to clean up the scene and curb scams, as reported by GMB.
Instead of being scattered around, gambling operations will now be confined to a separate domain, bet.br. This shift is expected to make it harder for shady businesses to operate under the radar, says the country's Ministry of Finance.
Sites not adhering to this new protocol will be promptly shooed away by the authorities, blocking their access to users.
Adding an extra layer of security, gambling operators will have to implement facial recognition technologies. This move is designed to make it tricky for folks to hide behind fake identities and engage in money laundering schemes.
Winnings will be transferred to the card stored in users' profiles within a reasonable timeframe. Let's say two hours - that's fast, huh?
When it comes to income declaration, users themselves will be responsible for filling it out. However, the authorities reserve the right to change this policy in the future, potentially requiring users to provide official account statements as well.
If a user is gambling way beyond their means or is overindulging, the operators will put a stop to their services for a while.
Now, not all the details have been released yet. So, we're all eagerly waiting for the rest of the updates on the gambling market in the country and for all those gamblers out there.
Author: Alina Shvets
Additional Insights:
In Paraguay, a new law, No. 7348/2025, has been enacted, aiming to create a more transparent gambling framework. Spain and Sri Lanka are also rolling out stricter regulations, including deposit caps and ad restrictions. These measures aim to protect players and prevent money laundering, aligning with international standards. In Anjouan, operators are required to report suspicious activities, implement identification procedures, and safeguard vulnerable players as part of anti-money laundering and consumer protection regulations.
- The finance ministry of Paraguay, like its counterparts in Spain and Sri Lanka, is working to implement stricter regulations in the gambling sector, aiming to create a more transparent financial environment, protect players, and prevent money laundering activities.
- As technology continues to drive changes in various industries, including finance and gambling, Paraguay is planning to implement facial recognition technologies to enhance user identification and security, making it harder for individuals to engage in money laundering schemes under false identities.
