On July 30, Brazil’s OAB/DF Gaming Law Commission sponsored the “The Rules of Gaming” with the theme “Sports Betting: Regulation and Operation,” which included a presentation by the president of the commission, Sérgio Garcia Alves.
Alves talked about how the recent Olympic Games stimulated the sportsbook market worldwide, including in Brazil.
Hugo Llanos, executive specialist in sports betting, commented, “The structure is something that is very important to understand. Not only the operators and bookmakers that participate, but also many other actors, such as suppliers and regulators. The operators are the ones who accept the risk, the ones you see, the ones who do the marketing, the ones who build an image.”
He added, “Recognizing that the activity exists, that bookmakers are working now, is very important. Fairness is not only essential for users, but for everyone. There needs to be justice for users, bookmakers, payment methods, suppliers… The regulator must be aware of everything.”
Bárbara Teles, secretary general of the commission, who moderated the seminar, told participants, “Operators are very attached to the integrity of the bets, and the Brazilian regulator will have to pay attention to this issue of integrity.”
Asked to predict the state of the Brazilian market in five years, Teles said “I think the Brazilian market scenario is favorable in five years’ time, but there are things to consider. It is favorable to the operator who wants to enter the country. The job that operators will have is to teach the ways of payment and the technological issues, which Brazilians already have some knowledge of. Brazil has a large population and a huge GDP, in addition to an entertainment industry. You have components beyond the passion for football. They have good athletes and fans in volleyball, basketball, etc.,”
