According to some experts, the decisive factor in the approval of the law was the government's

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Desire to reduce the budget deficit to zero: hundreds of millions of dollars were supposed to come and are already coming into the state balance from taxes on white brands. This is an impressive result, but how difficult is it to register a legal casino right now? Regulations in action At the moment, the legalization of iGaming brands is managed by the country's Ministry of Finance, which created the Secretaria de Prêmios e Apostas (SPA) - the so-called Secretariat of Prizes and Bets, which carries out all supervisory functions in the market. To start the licensing process, operators must make an initial payment of 30 million Brazilian reals and must own a subsidiary australia telegram data with a Brazilian shareholder who will own at least 20% of its shares. Such a license will be valid for 5 years and will allow promoting up to three brands simultaneously. Of course, operators also receive a number of standard obligations, including setting the age from 18 years and above, creating opportunities for self-restrictions of players, KYC and AML, as well as detailed information of users about their rights and obligations. According to SPA, these requests did not confuse the business: more than 140 companies applied to the Ministry of Finance, wanting to register legal brands, and by 2025 the final list of casinos will be formed based on the results of the introduction of new regulations,