Bell Ventures Digital, the company behind BandBet, has successfully submitted the required security evaluation report to the Ministry of Finance’s Secretary of Prizes and Bets (SPA). This move ensures that they’re complying with the legal requirements to operate in Brazil’s regulated market. Following this submission, all seven previously suspended betting companies are now back in business.
This includes Pixbet, which secured a court ruling allowing them to resume operations after disputing the suspension based on regulatory ambiguities. The judge’s decision clarified that the deadline for the security report should start from their final authorisation to operate, not the provisional one.
Key Points
- Bell Ventures Digital submitted a security evaluation report to the SPA, fulfilling regulatory requirements to operate legally.
- All seven suspended companies, including BandBet, are now operational again after providing necessary documentation.
- Pixbet managed to resume operations following a court ruling that highlighted ambiguity in the regulations regarding safety report timelines.
- The court ruling specified that the 90-day deadline for submitting the security report starts from the definitive operating authorisation date.
Why should I read this?
If you’re into the betting scene in Brazil, this is big news! Bell Ventures Digital’s compliance means a smoother playing field for online betting. Plus, knowing how regulatory challenges are handled can give you insights into the industry’s landscape as it evolves. Don’t miss out on these updates that could affect your gaming choices!