IBJR, the Brazilian Institute of Responsible Gaming, has onboarded iGaming platform Todos Querem Jogar (TQJ) as its newest affiliate.
With the Silvio Santos Group as one of its backers, TQJ is set to launch its first gambling platform, Bet do Milhao, later this year.
The IBJR says the addition of TQJ adds to its own credibility of being the leading advocate of the regulated betting market, acting as an umbrella group for major companies operating in Brazil as well as local providers.
Initiated in 2023, the IBJR states that it is focused on acting as a bulwark against the illicit, unregulated market and to promote responsible gambling. It believes that effective legislation is the key to these drivers.
With the IBJR now representing 14 approved betting operators, its executive president, Fernando Vieira, commented (in a translated statement): “We’re thrilled to welcome TQJ, which brings the Silvio Santos Group’s 65 years of credibility in entertainment to our mission of promoting legalized platforms and responsible gaming.”
Leonardo Sampaio, TQJ’s Chief Operating Officer, added: “We share IBJR’s dedication to responsible gaming and bettor satisfaction. We look forward to collaborating to set a benchmark for trustworthy, compliant betting in Brazil.”
Opposition to significant tax hike plans
Last month, the trade organization slammed proposals for a sports betting tax rise from 12% to 18% with a warning that the illicit sector would account for at least 60% of the country’s gambling activity if it is approved.
The IBJR outlined that the increase in taxes would stimulate the underground market by at least 10%, costing around BRL 2 billion ($366 million) per year in revenue.
A further 50% hike on operator gambling tax is on the table, potentially up to 18% of GGR, which has insiders worried about the implications for the regulated market.
Eduardo Ludmer, BetMGM’s head of legal in Brazil, told iGB: “(Operators) don’t want to be investing in a country they agreed to pay BRL 30 million (to enter). They agreed to invest hundreds of millions into this venture, and then six months down the road, they just change the rules of the game without asking you.”
However, there is doubt that the proposals will succeed in their current form, with further dialogue to take place between lawmakers as trade groups continue to fight their corner.
Image credit: IBJR
