On October 26, 2023, Normative Ordinance MF No. 1,330 (“PN No. 1,330”) was published by the Brazilian Ministry of Finance, which provides for the general conditions for the commercial operation of the lottery modality of fixed-odds betting in the national territory, under the terms of Law No. 13,756, of December 12, 2018 (“Law No. 13,756”), as amended by Provisional Measure No. 1,182, of July 24, 2023 (“MP No. 1,182”), as well as regulating general rules on the rights and obligations of the bettors, the prevention of money laundering and other crimes, responsible gambling and other aspects.
Briefly contextualizing the history of sports betting regulation in Brazil, Law No. 13.756 was the first legislative project to regulate sports betting in the country. The law created a lottery modality called fixedodds betting, defined as a system of bets on real sporting events, in which it is defined, at the time the bet is placed, how much the bettor can win if the prediction is correct.
Thus, sports betting was introduced in Brazil in 2018. However, Law No. 13.756 only established the creation of this type of lottery, setting a maximum deadline of 4 (four) years for the Ministry of Finance to regulate the type of bet it created. In this sense, in 2023, MP 1,182 was published, in order to fill the legislative gap that had existed until then, establishing the main regulatory aspects related to sports betting.
