The Ministry of Finance has recently published new rules for online gambling and betting in the Official Gazette of the Union, including regulations for the popular “Jogo do Tigrinho” game that has been making headlines and gaining attention on social media.
According to the government, the new rules define online games as those where “the outcome is determined by the result of a random future event, based on a random number generator, symbols, figures, or objects defined in the rules system.”
Additionally, the game must have fixed odds, with the presentation of the multiplication factor at the time of the bet, determining the amount to be received by the bettor in case of a win.
However, games of skill, fantasy sports, and multiplayer games like sports betting, which depend on the skill or outcome of another person, are not included in the category.
The regulations cover a variety of online games, including Crash-type games, card games, blackjack, roulette, dice, sports or racing betting, ball and number draws, as well as live online games.
Key rules outlined in the regulations include the requirement for games to display payout tables to the bettor before the bet is placed, ensuring transparency in potential winnings. The prize value cannot be changed after the bet is made.
Furthermore, the game images must clearly explain to the bettor how to win, detailing the order and quantity of symbols needed for victory.
The regulations also state that the betting session must be closed after the player has been inactive for 30 minutes on the platform.
Operators of these games are required to obtain a registration certificate and must distribute 85% of the revenue in prizes, known as the Return to Player (RTP) rate, with only 15% of the total revenue allowed to be retained by the company.
Once certified to operate in Brazil, the domain names of these gaming sites will feature the suffix “bet.br” in their addresses. Additionally, the Ministry of Finance has prohibited online betting games from being offered in physical locations through electronic devices.
The government’s move to establish transparency rules for the “Jogo do Tigrinho” game aims to regulate the online gambling industry and ensure fair play for all participants.
