Loterj grants Rio Jogo operator licence
Operators are rushing to get licenses in preparation for Brazil's regulated sports betting and igaming market opening; Rio Jogo is the latest to do so, having received clearance in the Loterj accreditation notice.
Loterj has authorised Rio Jogo as their fifth operator, joining PixBet and BestBet. Seven operators, including Caesars Sportsbook and PNR Tecnologia, are presently undergoing accreditation.
Loterj was commended by Rio Jogo chief executive João Victor de Araújo Souza for its endeavours in establishing betting accreditation in Brazil.
A regulated gambling market and its legitimacy are important to us," the CEO stated. "We have read the contract and understand our obligations; furthermore, we promise that we are well-equipped to complete the project successfully."
In spite of opposition from the IBJR, Loterj issues a licence to Rio Jogo.
Loterj reopened the accreditation process for betting businesses following Rio Jogo's licensure. The certification will be valid for 30 days, beginning on Tuesday, May 14th.
Lema and PNR Tecnologia submitted their applications for Loterj certification to run igaming and sports betting in April. The two businesses tested the idea and made sure it complied with Loterj rules.
After BIG Brazil, which is licensed by Caesars Sportsbook, announced its plan to apply for Loterj certification, that happened.
Loterj is seeking to issue licenses for nationwide operations, which has drawn criticism from people who think it is going too far.
Noticed Loterj's behaviour, the Brazilian Institute for Responsible Gambling (IBJR) condemned him. The IBJR claims that Loterj has committed a "clear violation" of federal regulations by accrediting countrywide operations.
The actions committed by Loterj cause chaos, cast doubt on important matters, and undermine Brazil's efforts to regulate the fixed-odds betting sector, according to the IBJR report.
Pinheiro Neto Advogados André Santa Ritta, an associate lawyer, concurs with the IBJR that their concerns are well-founded.
According to Santa Ritta, "IBJR does have a point and their arguments make sense" (iGB, email, 26 July 2018). "I have participated in these discussions personally. Loterj does not have the authority to authorise businesses to operate throughout the nation, in my opinion.
