The Secretariat of Prizes and Bets (SPA) points out that the regulated betting environment in Brazil is positive compared to the period without control of the activity. This assessment was made by the deputy secretary of monitoring and supervision of betting at SPA, Carlos Renato Xavier.
While participating in the “Future of Betting in Brazil” panel, Carlos Renato Xavier took stock of the first full year of betting regulation.
In his view, this period demonstrated the measure’s complete success.
“Regulating the betting sector in Brazil is already proving to be a successful solution when compared to the long period without rules,” the undersecretary said.
“The existence of a regulated environment, characterised by ongoing state involvement and the SPA’s focus on consumer protection regulations, the preservation of the public interest and the industry’s health, reduces conflicts and prevents problems from escalating due to a lack of oversight.”
He further noted that since regula..