In the last moments of the year 2023, Brazil has enacted its much-anticipated online gaming regulation, by ways of Act 14.790/23, after a year-long legal saga.

Under the new law, fixed-odds betting operators and online casinos can obtain licences in one of the biggest markets in Latin America.

As much as the expectations to the Brazilian regulated market are high, throughout the industry, a proper regulatory set up is a must for any applicant company, ensuring the fulfilment of compliance obligations, maintenance and upholding of licences granted and, by this, become a successful stakeholder with a sustainable foothold in a highly competitive market.

Law 14.790 sets out requirements in the compliance areas of, inter alia, internal control systems, risk management, complaints handling, AML/CFT, player protection and addiction prevention, sports and game integrity and fraud prevention.

Chevron Group is specialised on compliance consulting and compliance-related services for clients in regulated markets throughout the world, with a focus on cross- and multi-jurisdictional operations, by providing tailored, state-of-the-art and innovative solutions to our clients and their network.

The range of services offered by Chevron Group includes, i.a., consulting, licence application support, training, auditing services, regulatory representation and operational support.

If you are keen on getting to know more about our stance on Brazil and how we can support your business ventures under the new legislation, contact Ursula Bessa Marinho at ursula@chevron.group.