Another step was taken. Betsat followed the path of the law and complied with all the requirements of the Federal Government of Brazil to remain in the legalization process within the new stage of regulation of the sports betting and online casino sector starting this Tuesday, October 1, 2024 .
Casa do Torcedor Roxo is on the list of the Betting Management System (Sigap), of the Ministry of Treasury, under license request protocol 0157/2024.
“We have been on this path since last year. Of the more than 5,000 betting houses operating in Brazil, we are part of the approximately 1% who have expressed interest since the beginning of discussions on definitive regulation. Our values include creating a more healthy and safe for the entire sports and entertainment ecosystem”, says Thiago Vancelotte, country manager at Betsat in Brazil.
The company has strived to ensure the usual transparency and safety of users, in addition to the due collection of taxes from January 1, 2025. The search is for a standard of conduct that serves as an example for the entire industry.
“We firmly believe that licensing is the best way to strengthen the trust of users who have been with us over more than 1 and a half years of constant growth in Brazil. Our main concern on a daily basis is with integrity and responsibility in all our practices, to increasingly raise the ethical standard of the sports betting and online casino sector”, adds Thiago Vancelotte.
Betsat has been operating in Brazil since the beginning of 2023
Betsat has been operating in Brazil since the beginning of 2023. In the current season, it became the master sponsor of Vitória, as the Serie B champion returns to the national elite. The contract that runs until the end of 2025 provided investments that helped the club to regain the Campeonato Baiano title after 7 years, overcoming their biggest rival in the final at their stadium.
Since June, Zico has been Betsat’s official ambassador. The former player and Brazilian fan idol is part of the brand’s consolidation strategy in the country, as a synonym for credibility, ethics and high performance at an international level.
