Brazil Finance Ministry Commits to Greater Transparency in Betting Sector Processes

The Minister of Finance, Dario Durigan, has announced a change in approach regarding the disclosure of official documents related to Brazil’s regulated betting market.

The government has organised a joint initiative with the Comptroller General of the Union (CGU) to overturn the previous policy of placing betting-related processes under a 100-year confidentiality classification.

The measure is designed to ensure unrestricted public access to betting operator applications and processes that have already been reviewed by the Ministry of Finance.

The decision follows media reports highlighting the protection of key information concerning companies seeking authorisation to operate in the Brazilian market.

How the Public Release of Betting Processes Will Work

The Ministry of Finance currently holds around 25,000 documents used to verify the origin of capital and assess the tax compliance of betting platform directors.

Under the new initiative, government teams will focus on removing only sensitive personal information before making the documents publicly available.

Commenting on the decision, Durigan was clear about the government's intentions:

“Today, even at the provocation of the press, we talked a lot in the afternoon and I made the decision, I am coming to inform you, we are going to create a task force and we are going to publish proactively, in an active way, all the various processes already concluded in which we evaluated prize and betting companies”.

The Finance Minister stressed that the objective is not to conceal legal procedures from the public.

“These are personal data, which often do not matter for disclosure purposes. They need to be redacted so that there is no exposure of people’s names, their tax situation, or their banking situation.

Here we can very well correct this, simply by marking out the name, marking out confidential information, but opening up to the public, in a very broad way, all the processes that have already been completed. That’s my commitment,” he said.