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Betmotion Seeks Federal License for Brazilian Market

Posted on September 2, 2024 | 12:30 pm
Betmotion-applies-for-federal-license-to-operate-in-Brazil

In a significant advancement within the Brazilian gaming market, Betmotion has initiated the process to secure a federal operating license, marking a pivotal moment in its 16-year history. This application underscores Betmotion’s commitment to adhering to Brazil’s evolving regulatory framework and ensuring a secure and reliable gaming environment for its users.

From the outset of sports betting regulation in Brazil, the Curaçao-headquartered online gambling company has actively participated, demonstrating its commitment to transparency and compliance with Brazilian regulatory standards.

Luciana Macorin, the Head of Legal at Betmotion, emphasized the importance of this step: “This is a crucial moment for our company in Brazil. We are fiercely proud to be part of a select group of companies wanting to operate according to the new guidelines. Our focus has always been on offering a responsible gaming experience in compliance with the law, and obtaining this license is a confirmation of our belief in these values.”

Betmotion is renowned across Brazil for its user-centric and high-quality betting platform. The firm is dedicated to aligning its operations with legal requirements and upholding best practices in responsible gaming. This commitment is expected to reinforce Betmotion’s position in the Brazilian market as a trusted and ethical operator.

Betmotion is investing heavily in compliance measures and initiatives that promote responsible gaming. The company’s primary goal is to provide safe and enjoyable entertainment for all its customers, reflecting its serious commitment to social responsibility and consumer protection.

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Legalization Advances in Brazilian Gambling

The movement towards legalized gambling in Brazil gained momentum as the Justice and Citizenship Commission (CCJ) approved bill PL 2,234/2022, which proposes the legalization of various forms of gambling, including casinos and sports betting. The bill, which passed with a vote of 14 to 12, is now poised for further deliberation in the Senate.

Senator Irajá, during the CCJ meeting, articulated the potential economic benefits of regulated gambling. He highlighted opportunities for job creation, increased tax revenues, and the consequent enhancement of critical public services such as healthcare and education.

The bill outlines comprehensive regulations for the gambling sector, including the establishment of stringent tax measures. It proposes the introduction of the Gaming and Betting Inspection Fee (Tafija) and the Economic Intervention Contribution on the marketing of games and betting (Cide-Jogos). These taxes aim to ensure that the gambling industry contributes significantly to the national economy while operating under strict regulatory oversight.

Source:

“Betmotion applies for federal license to operate in Brazil“, europeangaming.eu, August 28, 2024.

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