Superbet Brasil, sponsor of São Paulo and Fluminense, has become the first betting house to pay the R$30 million (US$5.2m) concession required by the government to become a regulated company.

To be able to make the transaction, the “Bet” (as the operators are called in Brazil) had to meet all the requirements of the Ministry of Finance in the document evaluation phase.

The company is the first to go through this process. The platform was the second in the industry to request authorization to operate in Brazil. Betano was the first.

The arrival of Superbet, which has just completed one year, was subject to regulation. The company only does business in countries with defined rules for sports betting.

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Superbet CEO Alexandre Fonseca said that the regulation of the so-called “Bets” in Brazil is a milestone for the development of the industry and for the country.

“A regulated market promotes legal and tax security for operations, increases revenue for the Union and offers greater protection to players. These are objectives shared by all serious operators in the sector,” he said.

The New Jersey State Athletic Control Board (SACB) announced that it has recently adopted an updated sports betting policy for all licensees, officials, and employees.

Effective immediately, the policy prohibits unethical betting practices and reinforces the commitment to maintaining fairness and public trust in combative sports, including boxing, wrestling, extreme wrestling, kick boxing, and combative sports exhibitions, events, performances, and contests.

“With this action, we are safeguarding the integrity of combative sports events. By implementing these standards, we are sending a clear message that unethical behavior will not be tolerated in New Jersey’s combative sports industry,” said SACB Commissioner Larry Hazzard Sr.

The policy applies to board officials, such as inspectors, timekeepers, judges, referees, and physicians; board members, including the chairman; and board employees, such as the commissioner and deputy commissioner. Promoters, participants, and their agents are also encouraged to adopt integrity policies in line with these standards.

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Key policy provisions include those related to betting restrictions, prohibited conduct, training, and enforcement, among others:

• Officials, members, and employees are prohibited from betting on any combative sports event, both within New Jersey and globally. Legal betting on non-combative sports is allowed, provided it complies with local laws. Board employees must register with the Division of Gaming Enforcement (DGE) before placing such bets in New Jersey.

• All forms of illegal betting, including through unauthorized platforms, are strictly prohibited.

• Prohibited conduct includes match fixing and acting on or spreading insider information.

• Board personnel are prohibited from working for sportsbooks or their affiliates.

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• Promoters and participants, along with their agents and managers, must refrain from betting on combative sports events held in New Jersey or engaging in any actions that compromise the integrity of performances.

• All stakeholders, including board officials, members, employees, promotors, participants, agents, managers and seconds, are obligated to report any violations of this policy to the SACB Commissioner immediately.

• Board personnel are required to undergo training and acknowledge this policy.

• Violations may result in disciplinary actions, including fines, license suspensions, or revocation.

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Aposta Ganha, the fastest-growing Brazilian sports betting and online gaming site, has officially been awarded its sports betting and online games license through the Betting Management System (Sigap) to operate within Brazil’s regulated market.

Aposta Ganha is one of the first betting platforms to be regulated, with registration number 0022 in the Betting Management System. Having operated in Brazil over the past six years, it is perfectly positioned to thrive in Brazil’s new regulated environment, adhering to the rules of the Secretariat of Prizes and Betting (SPA) under the Ministry of Finance

Responsible Gaming continues to be at the heart of Aposta Ganha’s operations, even before the implementation of the stringent measures outlined in the SPA ordinances.

Aposta Ganha will commence its regulated operations from January 1, 2025, depending only on the SPA analysis to obtain the official license from the Brazilian government.

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Hugo Baungartner, Grupo Aposta Ganha CCO, said:  “We’re incredibly proud to announce our successful completion of our federal operating license application laid out by the Ministry of Finance. The strict security criteria ensure greater consumer protection and market integrity. Our hard work has seen us join an exclusive tier of companies authorized to deliver an entertaining and 100% secure gaming experience across the nation.”