The Secretariat of Prizes and Bets (SPA) and the Institute for Applied Economic Research (Ipea) have signed an agreement to create indicators and studies on the betting market in Brazil.
This will enable a better understanding of the sector and generate solid data for the development of public policies following the regulation of online betting in the country.
Details of the agreement
The main goal of the agreement between SPA and Ipea is to create a system of indicators to monitor the betting market.
To do so, data from the Betting Management System (SIGAP), the Annual Social Information Report (RAIS), and the Single Registry (Cadastro Único) will be used.
This will be necessary to map both the size of the illegal market, helping to combat it, and the level of household indebtedness and impact on bettors.
In addition, the information will also help clarify the risks that the betting market may pose to the financial system and to sports in Brazil.
Transparency and continuous monitoring are some of the reasons for implementing this system, as highlighted by Daniele Correa Cardoso, secretary of SPA:
“The partnership with Ipea, a reference institute in applied economic research, will be essential to measure regulatory objectives that still lack indicators, consolidating the regulated fixed-odds betting market”.
Also in a statement, Luciana Mendes Santos Servo, president of Ipea, highlighted the importance of having more knowledge about the betting market.
“This agreement expands the State’s capacity to understand, based on evidence, the impacts of fixed-odds betting, contributing to a more qualified, transparent regulation aligned with the public interest,” explained Servo.
Indicators will strengthen the betting market
After the regulation and formalization of the betting market in Brazil established by Law No. 14,790/2023, the sector grew and now generates significant impacts on the country, especially in financial terms.
Now, the government intends to better understand this growth and use data to support rules and propose effective public measures for society and businesses.
For operators, this means operating in a business environment with greater visibility and control.
Some of the possible consequences for the betting market could be applied to responsible gaming policies and compliance practices.
On the other hand, there will be even greater pressure on illegal betting sites and efforts to combat them.