By The Weekly Edge desk ·
BNLData reported that CVM seeks to understand new market models before imposing restrictions. SPA instead emphasises social concerns and controls for betting activity.
The report identifies differing regulatory approaches to emerging models and betting safeguards.
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The appointment places Mariana Piccoli Lins Cavalcanti in SPA’s undersecretary role for sanctioning action in Brazil.
Fabio Macorin’s election gives Brazil’s betting regulator SPA representation on the International Association of Gaming Regulators’ board.
Betting platforms face SPA’s pledge of stricter sanctions as Mariana Piccoli takes charge of sanctioning action.
IAGR’s board gains Fabio Macorin’s experience in Brazilian betting supervision, financial crime prevention and law enforcement.
Brilliant Gaming faces a fine of nearly R$1m after authorities could not locate it at its registered address.
SPA targets companies handling illegal betting funds to pursue account closures and end payment relationships, alongside website blocking.