IBJR announces four new members to advance the discussions on industry regulation

The two international betting sites, Novibet and LeoVegas, arrived in Brazil recently. The first one operates in Europe since 2010 and has just arrived in Latin America (Mexico, Ecuador, Chile and Brazil). It offers a technological platform that promises a better entertainment experience for the user. The second, LeoVegas, started operating in 2019, in Brazil, offering entertainment through games, online and live, in addition to sports bets.

Pay4Fun and the OKTO Group are online payment solutions, referring to the sports betting sector, which allow players to carry out transactions safely. Pay4Fun, a 100% Brazilian company (with headquarters in São Paulo and with Brazilian partners) that has been operating in the market since May 2018, offers a virtual billing (e-wallet) and a ticketing solution (GO), in which they Payments and transfers from and to accredited sites are carried out in a simple and bureaucratic way.

It is the first and only Institución de Pago (IP) in the online gambling and betting sector regulated and authorized by the BACEN (Central Bank of Brazil). The OKTO Group has been established in the online gaming and betting market since 2019. Fintech supports responsible gaming by providing the main international operators with technology that allows secure transfers, in real time, with an omnichannel approach. In addition to Brazil, the OKTO Group operates in already regulated markets, such as Romania, Italy, Greece, Germany, United Kingdom and Spain.

According to the general director of the IBJR, André Gelfi, “the new members are companies of great prestige in the sector of the bets, have international experience in regulated markets and identify with the mission of the IBJR to collaborate with society for a market regulated, fair, sustainable and that prioritizes sporting integrity and player safety”.

From now on, the Instituto Brasileño de Juego Responsable increases its presence in the market with 13 members. There are international sports betting operators (Bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, Netbet Group, KTO Group, Novibet and LeoVegas), a fantasy game company (Rei do Pitaco) and payment games ( Pay4Fun and Grupo DE ACUERDO CON).

About the Instituto Brasileño de Juego Responsable

El Instituto Brasileño de Juego Responsable (IBJR) was born from the union of Bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, Netbet Group, KTO Group, Rei do Pitaco, Novibet, LeoVegas, Grupo OKTO and Pay4Fun with the objective to promote the debate on the regulation of this segment in Brazil, contributing with information to defend the creation of clear rules and guidelines so that sports betting companies can operate legally, protecting the interests of players and civil society.